Ethereum's Top Liquid Restaking Protocol Pivots to Crypto Neobank as Yields Dry Up

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Ethereum's leading liquid restaking protocol has abandoned its core business model amid declining restaking yields and growing smart-contract risks. The so-called restaking gold rush appears to have ended, with top protocols struggling to generate meaningful profits. Falling returns have made restaking a far less attractive proposition for participants who once flocked to the sector. In response to these pressures, the protocol has shifted its strategic focus toward building a cryptocurrency-based neobank instead.

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