EigenLayer, an Ethereum protocol, is reshaping the landscape of restaking by introducing innovative features that streamline the process for users. Unlike traditional staking methods that require a minimum of 32 ETH, EigenLayer enables users to deposit liquid staking tokens like Lido stETH, Rocket Pool ETH, and Coinbase Wrapped Staked ETH, simplifying the restaking process significantly. EigenLayer is a pioneering protocol on Ethereum that revolutionizes the concept of restaking. Restaking refers to the ability to utilize staked ETH on other protocols, thereby earning protocol fees and rewards while assuming additional slashing risks. This innovative approach… pic.twitter.com/p2EzJGWQwo — Slim Daddy◻️𓃵 ₿ (@felixreads)
The post EigenLayer Revolutionizes Staking With Ethereum Protocol appeared first on The Merkle News.
Go to Source
On March 18, the financial behemoth Fidelity Investments updated its application for a spot ethereum exchange-traded fund (ETF) to encompass staking capabilities. The firm, Fidelity, has made it known that the sponsor might “from time to time” opt to “stake a portion of the fund’s assets through one or more trusted staking providers.” Fidelity Updates […]
