Walter Li

February 25, 2024


Key Takeaways

LRTs in concept

Liquid restaking tokens represent a claim to underlying ETH and accrued rewards from securing both L1 and secondary services (AVSs)

Secondary markets

Various secondary markets have emerged around dimensions of LRTs and associated risks

AVS selection

AVS selection is a key factor in determining LRT risk profiles.

Liquid restaking tokens (LRTs) are a transformational innovation on Ethereum but present novel manifestations of risk. The development of the market is discussed in these slides, including the development of secondary markets, which were originally prepared for a presentation given at ETHDenver 2024.


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