CRYPTO

The restaking gold rush is over, and top protocols are barely making a profit

CoinDeskMonday, September 28, 2026 at 4:24 PM

RedScroll Brief

The restaking gold rush is over, and top protocols are barely making a profit — Image via CoinDesk

As restaking yields dried up and smart-contract risks mounted, Ethereum's top liquid restaking protocol walked away from its core business to build a crypto neobank instead.

RedScroll Signal

Impact: High
Category: Crypto
Market relevance: High
Why it matters: Crypto moves are a live stress test of liquidity, regulation, and narrative risk. As restaking yields dried up and smart-contract risks mounted, Ethereum's top liquid restaking protocol walked away from its core business to build a crypto neobank instead. Watch liquidity and volatility around Crypto — crypto markets reprice narrative risk quickly.

Read original source → COINDESK Edition 2026-09-28

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RedScroll Briefing

Extractive editorial brief — not a reprint of the original

What happened

As restaking yields dried up and smart-contract risks mounted, Ethereum's top liquid restaking protocol walked away from its core business to build a crypto neobank instead.

Why it matters

Crypto moves are a live stress test of liquidity, regulation, and narrative risk.

Background

CoinDesk reported on this under crypto. RedScroll surfaces the signal with an extractive brief — not a reprint of the original article. Read the source for full reporting.

Timeline

Mon, Sep 28, 2026, 4:24 PM UTC
CoinDesk published: The restaking gold rush is over, and top protocols are barely making a profit
Now
Story is in today’s RedScroll edition. Follow the original source for updates.

Economic impact

Watch liquidity and volatility around Crypto — crypto markets reprice narrative risk quickly.

More on

Crypto

Source

CoinDesk

Original reporting by CoinDesk. RedScroll provides an extractive briefing only.