EigenLayer Temporarily Removes 200,000 ETH Collateral Cap, Total Lockup Value Surges by $750 Million

Liquid restaking protocol EigenLayer has temporarily lifted its 200,000 ethereum (ETH) collateral cap, resulting in a surge of $750 million in total locked-in value (TVL) in just a few hours.DefiLlama's data shows an influx of $750 million in the two hours following EigenLayer's cancellation of the collateral cap, with the Cumulative TVL exceeded $3bn. At press time, EigenLayer's official TVL stood at $3.2 billion, an increase of $1 billion from the previous day.EigenLayer allows investors to earn additional interest by re-collateralising collateralised ETH.EigenLayer currently supports popular liquidity collateralised tokens (LSTs) such as lido collateralised ETH (stETH) and rocket Pool ETH (RETH). The removal of EigenLayer's cap on LST is intended to "attract organic demand" and the project plans to permanently remove its deposit limit at some point in the future. eigenLayer also announced that it will soon launch the launch of its mainnet operator, through which investors can run nodes, as well as EigenDA, a decentralised data availability platform. a decentralised data availability service that will be the first active verification service built on EigenLayer.