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Restaking protocols: 22 on NAUT, 15 with a launched token

By NAUT Research · · 6 min read

22 Restaking protocols restaking protocols on NAUT, 15 with a launched token and 18 with a funding round. Logos: EigenCloud, Kelp DAO, Bedrock, Symbiotic, Mellow Protocol, Treehouse Finance, PumpBTC, YieldNestFi, Puffer Finance, Fragmetric, SuzakuNetwork, Pell Network, SatLayer, BounceBit.

NAUT tracks 22 restaking protocols as of 12 November 2026, and 15 of them carry a launched token on NAUT's record, from EigenCloud (EIGEN) to SatLayer (SLAY). 18 of the 22 have at least 1 funding round on NAUT, and the table below ranks all 22 by TVL with a link to each team's page.

How this list was built: on 12 November 2026, NAUT read every live project row whose own description mentions restaking, which gave 26 companies. 4 were dropped because their own description puts restaking as 1 feature of a different business: Adrastea Finance (a composable Solana DeFi protocol where liquid restaking is 1 product), Cygnus Finance (a yield and social app layer), Solv Protocol (a Bitcoin liquid staking platform) and Units.Network (modular L0 infrastructure). The token column is NAUT's token-launched flag and stored ticker; the round and TVL figures are NAUT's record. NAUT's research pass put 24 fields for 16 of the 22 protocols to outside pages (14 round amounts and 10 tickers), and the 6 with no field checked outside are byzantine_fi, Chakra, Overload, Rio Network, Treehouse Finance and YieldNestFi.

Which restaking protocols are on NAUT, and which have a token?

Ranked by TVL on NAUT's record, largest first; the 7 rows with no TVL on file follow, A to Z. "Biggest round" is the largest round amount NAUT holds for the company. "Conflict" marks Kelp DAO, whose token record disagrees with itself; "Flag only" marks a launched-token flag with no stored ticker; "None" means nothing on file.

Protocol Token Biggest round TVL
EIGEN $100M (2024) $5.23B
Conflict $9M (private) $755.3M
BR $1.25M (IDO) $274.4M
No $5.8M (seed) $271.7M
No $2.75M (seed) $240.7M
TREE $18M (seed, 2022) $55.6M
PUMP $10M (seed, 2024) $25.3M
Flag only $58,878 (IDO) $21.6M
PUFFER $18M (Series A, 2024) $20.1M
FRAG $7M (seed, 2025) $1.53M
SUZ $700,239 (ICO) $879,628
PELL $3.5M (strategic) $210,341
SLAY $8M (pre-seed) $154,532
RSTK $2.73M (IDO) $48,434
No None $20,438
LAY3R $2.5M (seed, 2024) None
BB $7.98M (strategic) None
No None None
HELIX $800,000 (ICO) None
MILK $5M (seed, 2024) None
No None None
No None None

The 15 with a launched token are the 14 tickers in the table plus YieldNestFi, whose row carries the flag with no ticker. Kelp DAO's row stores the KERNEL ticker while its token flag is off, so this article counts it in neither group. 10 of the stored tickers were matched against CoinGecko or CoinMarketCap: 9 lined up with a listing, and the HELIX token found there could not be tied to Helix Labs.

4 round amounts cleared the outside check: Cointelegraph reported Puffer Finance's $18M Series A on 16 April 2024, Crypto Briefing reported Symbiotic's $5.8M seed round as led by Paradigm and cyber Fund, The Block reported SatLayer's $8M pre-seed on 22 August 2024, and The Block reported a16z crypto's $70M purchase of EIGEN tokens on 17 June 2025, a separate deal from EigenCloud's $100M 2024 round in the table. The other amounts are NAUT's record. Kelp DAO's stored $10M strategic round was contradicted by the outside check, so the table shows its $9M private round instead.

Which restaking protocols hold the most TVL?

TVL on NAUT's record, top 9 restaking protocols
  1. EigenCloud$5229.5M
  2. Kelp DAO$755.3M
  3. Bedrock$274.4M
  4. Symbiotic$271.7M
  5. Mellow Protocol$240.7M
  6. Treehouse Finance$55.6M
  7. PumpBTC$25.3M
  8. YieldNestFi$21.6M
  9. Puffer Finance$20.1M

EigenCloud holds $5.23B on NAUT's record, about 7 times Kelp DAO's $755.3M, and 7 of the 22 protocols have no TVL figure on file.

Who are the most frequent restaking investors?

NAUT holds 55 round records for the 18 funded protocols, and none of them carries a lead flag. These 6 firms appear on rounds at 3 or more of the 22 protocols, counted once per protocol.

Investor Protocols backed Which ones
4 , , ,
3 , ,
3 , ,
3 , ,
3 , ,
3 , ,

LongHash Ventures, Binance Labs and ArkStream Capital each reach 3 only through Kelp DAO's $10M strategic row, which this article leaves out, so each counts 2 here. Treehouse Finance's $18M seed carries 19 backers on NAUT's record, the most of any single round in this set, ahead of Puffer Finance's seed at 16.

What this tells a BD team

How a BD team can work this list
  1. Pick the segmentStart with the 6 protocols holding more than $50M in TVL, or the 6 Bitcoin restaking teams.
  2. Open each pageEigenCloud, Symbiotic and the rest each have a NAUT page; pages list the team where NAUT has one.
  3. Find the decision makerWhere a team is listed, look for the founder, BD or partnerships title.
  4. Reach outCheck which channels NAUT has on file, then send 1 short note tied to their chain or asset.

What this tells a founder raising for a restaking protocol

  • Mirana Ventures sits on rounds at 4 of the 22 protocols, the most of any firm on NAUT's record for this set.
  • OKX Ventures, Amber Group, Finality Capital Partners, Robot Ventures and GSR each back 3. A firm that already holds 1 restaking position knows the model, and you should say how you differ from it.
  • 15 of the 22 have launched restaking tokens, and the token sale is a common round type here: 10 of the 18 funded protocols have an IDO, ICO or IEO on NAUT's record.
How a restaking founder can use this list
  1. List the repeat backersMirana Ventures backs 4 protocols; OKX Ventures, Amber Group, Finality Capital Partners, Robot Ventures and GSR back 3 each.
  2. Check the overlapOpen each fund's page and see which of the 22 it already holds.
  3. Find the partnerOpen each fund's NAUT page and check whether a team is listed.
  4. Pitch the gapShow the asset or chain your protocol covers that their current restaking bet does not.

Related reading on NAUT: OKX Ventures portfolio: 121 companies, average round $9.6M and Binance Labs portfolio: 92 companies on NAUT, now YZi Labs.

Can you pull this data through the NAUT API?

Yes: GET https://api.naut.so/v1/projects?q=restaking&token=launched searches NAUT's projects for restaking and keeps those with a launched token, and GET https://api.naut.so/v1/projects/symbiotic returns 1 protocol's record, each at 5 credits a call with the key sent as Bearer $NAUT_KEY. The parameters are on NAUT's API docs and the plans on the pricing page. Verified Telegram, email and LinkedIn for the people on these teams unlock on any paid NAUT plan, so start a 7-day trial to reach them.

Restaking protocols FAQ

Which restaking protocols have a token?

Of the 22 restaking protocols NAUT tracks as of 12 November 2026, 15 carry a launched token flag, including EigenCloud (EIGEN), Puffer Finance (PUFFER), PumpBTC (PUMP), BounceBit (BB) and Bedrock (BR). Symbiotic, Mellow Protocol, Chakra, byzantine_fi, Overload and Rio Network have no token on NAUT's record, and Kelp DAO's record conflicts.

What is the largest restaking protocol by TVL?

EigenCloud, the company behind EigenLayer, holds $5.23B in TVL on NAUT's record as of 12 November 2026, ahead of Kelp DAO at $755.3M and Bedrock at $274.4M.

Which investors back the most restaking protocols?

On NAUT's record as of 12 November 2026, Mirana Ventures backs 4 of the 22 restaking protocols, and OKX Ventures, Amber Group, Finality Capital Partners, Robot Ventures and GSR back 3 each.

Where can I find restaking protocol teams and their contact channels?

Each of the 22 restaking protocols has a NAUT page; open it to see whether a team is listed. GET https://api.naut.so/v1/projects/<slug> returns the same record through the NAUT API. Verified Telegram, email and LinkedIn unlock on any paid NAUT plan, so start a 7-day trial to reach them.

Sources

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