What Is Crypto Restaking? (Top Restaking Altcoins)

Рет қаралды 5,250

2 ай бұрын

I dive into what is Crypto restaking and my top altcoins for the coming restaking wave.
Crypto restaking or programable staking is set to change everything we know about crypto. It's primed to change everything and there are a handful of altcoins that are already building for the coming restaking shift.
Restaking was made popular by Eigen Layer, the team building restaking for Ethereum. Restaking allows projects to build using Ethereums core security, only for much cheaper than they would otherwise.
This allows an innovation boom as more projects, chains, oracles, and apps can deploy faster without having to worry about bootstrapping their own network.
If this all sounds confusing I swear I make it super simple in the video and break down the top altcoins I'm buying to prepare for the coming restaking narrative shift.
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*IMPORTANT PLEASE READ: None of this is meant to be taken as any form of investment advice, it's just me sharing my journey to a million and taking about what I'm up to and the strategies and tactics I'm using to try to get there. I am almost always talking about tokens that I myself own and obviously have a bias toward seeing them appricate in value.
Do your own research always! I'm a normal guy who makes mistakes and has made plenty so far during this journey. So choosing to blindly copy what I'm doing isn't going to lead you to just making a ton of money. I've had investments where I've lost EVERYTHING. I don't just say do your own research as a legal covering but because you really need to do your own research and make your own call. If you don't understand what you're investing in you can lose A LOT of money! Especially in crypto which is super super risky. A lot of the projects I like to jump in are really small crypto projects which make them even more insane risky. Past performance doesn't mean the project will do the same thing in the future, no one can predict the future and what will happen next. I'm pretty passionate about this, I am by no means a professional investor. I'm on my journey to a million dollars, I don't even have the experience to have made a million dollars. All this is to share my journey because I believe there is value in watching me both succeed and fail. It's my story I'm sharing with all of you, DO YOUR OWN RESEARCH and don't just blindly copy me😄
Also all of this info might be accurate at the time of me recording and posting but in the future things could change. Especially in crypto things change fast, so just be aware of that. Thanks!
I hold investments in the tokens I'm talking about unless I otherwise state I don't. Best just to assume that if I'm talking about it, I own it.
My Disclosures: www.hammerforgedcreative.com
#Crypto #cryptoinvesting #altcoins

Пікірлер: 86

@jesseeckel2 2 ай бұрын

Wanna highlight that Prisma so far has been doing really poorly. I'd be weary of touching it at the moment. The concept is really cool but they've fumbled the ball a bit with their unlocks and recently had an exploit. Might be able to turn it around, but as the saying goes "don't try to catch a falling knife."

@jesseeckel2 2 ай бұрын

If they level out might take a second look and possibly look to jump in. Restaking season isn't here yet, but will be huge when it hits IMO.

@SLpz-db4zy 2 ай бұрын

yes please keep us updated on prisma

@user-wz1rc8zm9w 2 ай бұрын

Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 20k in last month 2024.

@BekeeChisomaga 2 ай бұрын

Wow that's huge, how do you make that much monthly?

@user-wz1rc8zm9w 2 ай бұрын

I will mention and recommend Wendy Lee Olson. I met her at a conference in 2018 and we have been working together ever since.

@pinned.bymarktilbury2858 2 ай бұрын

I will advise you stop trading on your own if you keep losing. And i don't trade on my own anymore, I always required help and assistance.

@CarlRunefelt-yf7lv 2 ай бұрын

Bitcoin has been rising for a while now and could rise further again. The truth is that no one knows, I believe it's the right time to buy and also get a pro's assistant

@villa8719 2 ай бұрын

Please, how do I connect with Wendy Lee Olson? I would appreciate if anyone show me how to go about it

@bleucblancrouge 2 ай бұрын

Thank you Jesse, you got me into crypto in 2021, with time wonderland though 😂😂. Not the best crypto to start my journey haha but anyway i'm way in the green now and its partly thanks to you. You were broke with 5 kids and you became a millionaire anyway. That truly inspired me. Hope nothing but the best for you and your family!

@jesseeckel2 2 ай бұрын

Yeah I was a bit more degen back then😂 Glad to hear and so early in the cycle🙌🏻 Good luck my friend and thank you🙏🏻

@Chickentorchic 2 ай бұрын

I followed Jesse since then as well, despite the loss in Time. I did turn 1000$ to a solid 52k as of now. THANK YOU Jesse ❤

@jesseeckel2 2 ай бұрын

Glad to hear!

@willeyshelton7452 Ай бұрын

Fantastic video and a great overview of crypto restaking! It's really helpful to understand the different players in the space and what makes each of them stand out. Your clear explanations make it easier for beginners and seasoned crypto enthusiasts alike to grasp the potential benefits of restaking. As you continue exploring innovative projects in the crypto world, I think it would be incredibly beneficial to include a segment on Loop in a future video. Loop is making significant strides in Ethereum yield optimization, focusing on liquid staking and restaking with some impressive results. It'd be great to see how it compares to the top restaking altcoins you've discussed here!

@gtcstorm40 2 ай бұрын

So I am a bit of a noob on all this. if I play by the rules that means my restaked eth can not be slashed because it ends up with some dirtbag validator ? Great stuff as always, head spins when I leave your videos...lol

@kwik8534 2 ай бұрын

I feel like I know this Brian character . 👀

@jesseeckel2 2 ай бұрын

😂

@BaronMage 2 ай бұрын

From my understanding the increased risk comes from the fact that you need to correctly validate all blockchains correctly instead of one. However this seems an asymmetric risk, since as long as your node network /operator and hardware are robust and you are not a malicious actor the risk does not seem to be increased compared to just validating a single blockchain. Interesting tech for sure.

@jesseeckel2 2 ай бұрын

Yeah that’s basically the concept.

@sechuan 2 ай бұрын

whats confusing me a little is we can only change the withdrawal permission of the staking contract to one address (eigenpod for example). wouldnt this limit the amount of restaking that can be done?

@DanielThomas-kb8wl 2 ай бұрын

$W is looking great and I'm currently stacking them on Nexo.

@prateek7746 2 ай бұрын

Do you accept crypto payment for obsidian council?

@kwik8534 Ай бұрын

Note : that 20 is not actually gone if fire from the “ firepit” was used in the burning of it

@adamputh1090 2 ай бұрын

What are your thoughts on Restake finance ticker symbol RSTK ?

@jesseeckel2 2 ай бұрын

I don't know, I'll look into it. Like that it's small.

@OthCrypto 2 ай бұрын

my mum would never understand that

@adamputh1090 2 ай бұрын

I think Prisma and Picasso will skyrocket once eigen layer comes out and restaking narrative comes.Right now all attention is on AI & RWA

@jesseeckel2 2 ай бұрын

Agreed

@prateek7746 2 ай бұрын

Do you think Bitcoin will dump after halving because many people think that halving is priced in and there's a saying that buy the rumour sell the news

@jesseeckel2 2 ай бұрын

Normally it does when there's hype leading up to the halving. However right now the hype isn't from the halving but from the ETF, so it depends if we get a halving rally or not.

@takrian 2 ай бұрын

I did 20x on Spehere, it's not his problem if you forgot to sell it at right time.

@jesseeckel2 2 ай бұрын

Nice! Yeah you can play the more risky bets if you know how to take profits. That being said I don't think Eigen is a more risky bet, just that some of the products built around it will be.

@ialwi4262 2 ай бұрын

Its the next ponzi and thats fine. As long as you dont run out of musical chairs at the end.

@jesseeckel2 2 ай бұрын

Explain how it's a ponzi please.

@uglydolI 2 ай бұрын

@jesseeckel2 A Ponzi scheme is an investment scam that pays early investors with money taken from later investors to create an illusion of big profits. A Ponzi scheme promises a high rate of return with little risk to the investor. It relies on word-of-mouth new investors hear about the big returns earned by early investors . Spoiler alert your a word of mouth

@jesseeckel2 2 ай бұрын

There is no money taken from later investors. The yield comes from token emissions from various AVS's that sign up to use restaking rather than natively bootstrapping their own security.

@embodiedconducting 2 ай бұрын

But don't validators also generate incom from fees colleccted from token holdens who delegate there tokens to said validator?

@jesseeckel2 2 ай бұрын

Some types do, mostly what you’re talking about is in Cosmos ecosystem. But for staking (LST’s) validators do collect extra fees.

@luislourenco00 2 ай бұрын

How about $Gloom? Interesting project

@jesseeckel2 2 ай бұрын

Yep love it!

@nathaniel2641 2 ай бұрын

Alt layer?

@jmineroESP 2 ай бұрын

What is the issue with CRV?? Vs prisma?

@jesseeckel2 2 ай бұрын

Similar tokenomics completely different concepts. Keep in mind my pinned post on Prisma above. But Curve is a dex and liquidity solution. Prisma is a stablecoin issuer.

@ThomasConover 2 ай бұрын

Can’t wait until I can rerererererestaking.

@jesseeckel2 2 ай бұрын

😆

@AshdACrypto 2 ай бұрын

rabby wallet support bitcoin?

@jesseeckel2 2 ай бұрын

No, not unless it’s like wrapped BTC

@steveshuffle 2 ай бұрын

First 🙌🏽

@steveshuffle 2 ай бұрын

Btw what you described at the beginning is how also any government operates - at a loss. And they print currency to sustain itself

@jesseeckel2 2 ай бұрын

Yeah they're pretty right now with the spending. Good point you can see real time the effect of inflation on the buying power of the asset. It's constant downward pressure. Where as ETH is the opposite, and Eigen will enable many projects to also be profitable without having to be layer 2.

@steveshuffle 2 ай бұрын

@@jesseeckel2 I'm sure it'll happen. How funny though that people running countries can't run it at a profit but choose to make people poorer :) and then crypto shows the way.. It's easy to make it happen, you just have to want it to

@AmjithS 2 ай бұрын

Prisma Hacked?

@jesseeckel2 2 ай бұрын

They had an exploit

@user-xp4by5jf6m 2 ай бұрын

Hello Good day i am a video editor reaching out do you need help editing?

@evelynturner594 2 ай бұрын

Thanks for the continuous update! I am super excited about how my stock investment is going so far, making over 8k weekly is an amazing gain 🥰.

@JackArchie6 2 ай бұрын

How please, help me I really need to gain my losses back 😞

@evelynturner594 2 ай бұрын

I'm guided by Ms Isabella Grace

@evelynturner594 2 ай бұрын

Her platform is really safe and secured, not quite long I joined her discord

@PeaceSmith-rn6dy 2 ай бұрын

YES!!! That's exactly her name (Isabella Grace) so many people have recommended highly about her and am just starting with her from Brisbane Australia🇦🇺

@memphis56_ 2 ай бұрын

Such a genuine personality!!, Sincerely speaking. I will continue to trade and stick to Isabella Grace daily signals and guides as long as it works well for me.

@johnbloomer493 2 ай бұрын

Pendle?

@jesseeckel2 2 ай бұрын

Pendle 100% a great one

@clos8754 2 ай бұрын

ANKR. 😴

@joeyp978 2 ай бұрын

Poncast 😂😂😭😭

@uglydolI 2 ай бұрын

Basically it's a ponzi an he's trying real hard to say it's not lmao😂

@jesseeckel2 2 ай бұрын

Not a ponzi, did you watch the full video? I feel like I explained it really well. What didn’t you understand?

@uglydolI 2 ай бұрын

@@jesseeckel2 yes it is a ponzi the way you "feel" isn't much sadly what you described in the video is the in fact the definition ..potential collapses when the flow of new money slows, making it impossible to keep up the payments of alleged profits .is part 2 of a ponzi . an your selling a Restake which is a complete circle to part 1 ,investment scam that pays early investors with money taken from later investors to create an illusion of big profits. A Ponzi scheme promises a high rate of return with little risk to the investor. It relies on word-of-mouth .. spoiler alert ! your the word of mouth

@uglydolI 2 ай бұрын

@jesseeckel2 your video explains literally the definition of a ponzi. Crazy how you pretend it's not lol

@jesseeckel2 2 ай бұрын

I think you misunderstood quite a few details there. "your selling a Restake which is a complete circle to part 1 ,investment scam that pays early investors with money taken from later investors to create an illusion of big profits." -Blockchains and things like Oracles have to secure themselves. New L1's today do this by bootstrapping their own validator set and paying out emissions via token inflation. Some Cosmos chains pay out as high as 17%. Bitcoin even does this via miner rewards although it's much smaller at like 1% inflation. Restaking allows instead these chains to rent security from Ethereum and reduce their overall token emissions much lower and get a higher level of security. So say a Cosmos chain might reduce from 17% to just 5%. Those emissions (the 5%) get paid to restakers. Thats where the yield comes from. Important to note those emissions would've been paid to that projects own validator set already, this is a huge cost savings. Does that make sense?