Blogs and Papers

Below, you can dig into some of our restaking research, including what we believe in the first peer-reviewed research paper about restaking.

• AVS Selection Framework: We lay out a mathematical framework for approaching AVS selection, which will ultimately drive better capital efficiency.

• Liquid Restaking Token (LRT) Market Risk Framework: We provide a framework for evaluating LRT market risk, focusing on four main risk attributes: external liquidity, withdrawals, LRT volatility, and DeFi risk.

• Optimizing AVS Allocations for Liquid Restaking Tokens: We explore various options for EtherFi’s AVS allocation strategy and determine how it may impact its yield accrual.

• How Much Should You Pay for Restaking Security? Our model shows that an adversary with a strictly submodular profit combined with strategic node operators who respond to incentives can avoid large-scale cascading failures.

• Restaking Collateral Health: We suggest a comprehensive framework for evaluating collateral health in the context of restaking protocols and AVSs. An AVS’s economic security is associated with the price stability of its collateral, since a drop in the collateral’s market value can create profitable attacks to corrupt the AVS.

• ‍Staking Stablecoins — Assessing the Economic Security of Stablecoin Collateral in Restaking: We examine the role of stablecoins in restaking. As more (re)staking platforms support staking with arbitrary ERC-20s, stablecoins are becoming a viable means for providing economic security for new networks such as AVSs.