yield protocol review

EigenLayer

Restaking infrastructure that introduces AVS, operator, withdrawal, and slashing assumptions inherited by LRT collateral.

under reviewhigh

TVL

$14.00B

Protocol reported or analyst-entered value.

Exposure

$7.80B

Mapped collateral and market exposure.

Dependencies

1 critical dependencies.

Markets

3 monitor signals configured.

Protocol facts

Static fields from the typed research record.

ProductsRestaking, AVS operator set, Withdrawal queue

ChainsEthereum

Categoryyield

Review statusunder review

Collateral, oracle, cap, and liquidation parameters by market.

1 rows

Market	Chain	Collateral	Oracles	LTV	Liquidation	Supply cap	Borrow cap	Utilization
Restaked ETH dependencies	Ethereum	eETH weETH rsETH ezETH wstETH	oracle:ethereum:eigenlayer:operator-state	0%	0%	$7.40B	$0	84.0%

Findings separate the observed evidence from the analyst outcome.

Severity	Dimension	Finding	Outcome	Evidence	Sources
high	exposure concentration	Shared restaking risk can correlate LRTs	Backing can be impaired across multiple LRTs.	Multiple LRTs inherit EigenLayer withdrawal and slashing assumptions.	EigenLayer docs

Inbound and outbound trust assumptions touching this protocol.

Severity	Direction	Edge type	Dependency path	Analyst label
high	inbound	depends on	ether.fi -> EigenLayer	ether.fi LRTs inherit EigenLayer restaking withdrawal and slashing assumptions
high	inbound	depends on	KelpDAO -> EigenLayer	KelpDAO rsETH inherits EigenLayer restaking assumptions
low	outbound	settles on	EigenLayer -> Ethereum	EigenLayer deployment inherits Ethereum settlement risk

Public operational signals and review cadence.

Status	Monitor	Signal	Cadence
planned	Admin and guardian changes	Owner, guardian, Safe signer, threshold, and emergency role changes.	15 min after ingestion
planned	Oracle freshness	Heartbeat breaches, stale rounds, and large reference-market deviations.	5 min after ingestion
manual	Liquidity and cap shock	Supply cap utilization, borrow cap utilization, TVL drops, and liquidity depth changes.	Daily analyst review

Highest-severity paths that could transmit risk into or out of this protocol.

3 paths

Severity	Direction	Edge type	Dependency path	Analyst label
high	inbound	depends on	ether.fi -> EigenLayer	ether.fi LRTs inherit EigenLayer restaking withdrawal and slashing assumptions
high	inbound	depends on	KelpDAO -> EigenLayer	KelpDAO rsETH inherits EigenLayer restaking assumptions
low	outbound	settles on	EigenLayer -> Ethereum	EigenLayer deployment inherits Ethereum settlement risk