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About Learn Mission Team Careers Investors Ecosystem Community Blog Discourse Twitter Discord Documentation EigenDA Restake Shared security to hyperscale ethereum restakE NOW restake NOW the eigenlayer ecosystem Restakers Operators Developers Stake Eth Across Multiple Protocols At Once Restake your staked ETH and get rewarded for contributing to the cryptoeconomic security for different protocols other than Ethereum. There are various staking options available on EigenLayer. You can stake both native ETH tokens and liquid staked tokens including LsETH, cbETH, and eETH. restake NOW Validate more networks, with lower marginal costs Provide new protocols with validation services that are designed to complement your existing Ethereum validation operations. Optimize usage across your nodes, and maximize capital efficiency with minimal incremental cost. read OPERATOR Documentation A vibrant new ecosystem for builders EigenLayer provides developers with access to the Ethereum staked capital base and decentralized validator set. Access to this trust network can make previously impossible mechanism designs possible. See our whitepaper for a list of use cases that developers can build on EigenLayer, and discuss your ideas in the forum below. Join avs discussion group Staked ETH and Liquid Staked Tokens Restake via EigenLayer Delegate to selected operators Opt in to secure/validate new protocols the eigenlayer ecosystem Restakers Stake ETH across multiple protocols at once Restaking enables staked ETH to be used as cryptoeconomic security for protocols other than Ethereum, in exchange for protocol fees and rewards. Restaking is available for both natively staked ETH and liquid staked tokens like stETH, rETH, cbETH, and LsETH. restake NOW Operators Validate more networks, with lower marginal costs Provide new protocols with validation services that are designed to complement your existing Ethereum validation operations. Optimize usage across your nodes, and maximize capital efficiency with minimal incremental cost. learn more about eigenlayer Developers A vibrant new ecosystem for builders Eigenlayer provides developers with access to the Ethereum staked capital base and decentralized validator set. Access to this trust network can make previously impossible mechanism designs possible. See our whitepaper for a list of use cases that developers can build on Eigenlayer, and discuss your ideas in the forum below. eigenlayer discussion forum Staked ETH and Liquid Staked Tokens Restake via EigenLayer Delegate to selected operators Opt in to secure/validate new protocols Built on The first market for decentralized trust 01 Data Availability Restaking gives way to the hyperscale Data Availability (DA) layer and ultimately gives you a high Data Availability rate as well as a low cost. Fortunately, EigenLabs is also developing a DA layer on EigenLayer which is known as EigenDA. read eigenda documentation 02 Decentralized Sequencers On EigenLayer, the individuals involved in restaking ETH can build a single decentralized sequencer quorum. This ultimately serves several rollups and contributes a lot to the MEW Management. 03 Light Node Bridges The restakers on EigenLayer are given the opportunity to verify whether or not the off-chain bridge inputs are correct. The inputs are only accepted on one term i.e. only when a strong quorum signs off. If someone challenges the input, the operators on EigenLayer can be sent to the slow mode. 04 Fast-Mode Bridges The ETH Restakers on EigenLayer can take part in the ZK Proof Verification off-chain. They can also certify whether the proofs on-chain are correct or not. Again, if the proofs are incorrect, the operators can be sent to the slow mode. 05 Oracles The availability of Oracles protects the price feeds into Ethereum. These Oracles can be built via EigenLayer in case they ever need majority trust on the ETH restaked. 06 Opt-In Event-Driven Activation Ethereum validators who play the role of block proposers and have restaked ETH can guarantee the addition of Event-Driven Action on EigenLayer. But, they have a risk of getting slashed. 07 MEV Management EigenLayer comes inclusive of a wide range of MEV Management methods such as MEW smoothing, threshold encryption for transactions, PBS, etc. Read about MEV-Boost++ 08 Low-Latency Settlement Chains On this platform, ETH Restakers can take part in new consensus protocols giving way to restaked sidechains. The involved protocols have high throughput and low latency. 09 Single-Slot Finality Restaked nodes are provided with the responsibility to attest that they will not build on a chain that doesn't contain any testified block. This creates a finality pathway making it highly compatible with consensus protocol. 10 Your Use Case Here Restakers can contribute their research and ideas on the EigenLayer ecosystem which helps in building the future of blockchain with everyone's input. Come join us as we look forward to welcoming you. join avs discussion group EIGENLAYER ETHEREUM- REPURPOSE YOUR LOCKED ETH & IMPROVE CRYPTOECONOMIC SECURITY If you have some ETH that you have already staked, then you can put them to work by restaking them on the EigenLayer Decentralized Finance platform. Today, through this guide, we will be teaching you how your contribution could benefit you as well as help in overcoming the fundamental challenges of Web3. Through this platform, you can repurpose your staked ETH and ultimately help the Ethereum blockchain overcome the security challenges that it has been facing since the inception of Web3. EigenLayer has come up with a substitute for off-chain data availability to Layer 2s. This ultimately allows them to save on the cost that is leveraged on data management without compromising on security grounds in any manner. WHAT IS EIGENLAYER? Keeping it simple, I would say that EigenLayer is a protocol that is built on the Ethereum blockchain. The reason why this platform is unique and gaining popularity is because it has introduced "Restaking" which is considered as a new building stone in the cryptoeconomic security. This approach allows users to rehypotheticate their ETH on the consensus layer. Users that have eventually staked their ETH can use the EigenLayer Ethereum Smart Contract to restake those ETH. This helps in improving the cryptoeconomic security of the applications present on the Ethereum blockchain. HOW TO RESTAKE ETH ON EIGENLAYER? For EigenLayer restaking ETH, you can follow the stepwise guide that is given below. But before you start, I would suggest you create a wallet either on Coinbase Wallet, MetaMask, OKX, or WalletConnect. After the creation of the wallet, make sure you have some ETH on it that you have staked already. 1. For EigenLayer Ethereum restaking, you need to create an EigenPod 2. For this, go to https://www.eigenlayer.xyz/ 3. Choose "Restake Now" 4. This will open the EigenLayer App on your screen 5. Here, you need to select "Connect Wallet" 6. Then, choose the preferred wallet option 7. It could be MetaMask, Coinbase Wallet, WalletConnect or OKX wallet 8. After this, you should select the "Restake your tokens" option 9. Thereafter, choose the "Create EigenPod" option 10. Lastly, you need to set your Withdrawal credentials INSTRUCTIONS ON EIGENLAYER SWAP ON PANCAKESWAP Alongside restaking EigenLayer Ethereum, you can also Swap the EigenLayer token on different supported platforms. One such platform that offers support services is PancakeSwap. Currently, there is only a single pair available for swapping on this platform i.e. EIGENLAYER/WBNB. If you want to swap the EigenLayer token with WBNB, then you can navigate to the official website of PancakeSwap and choose the "Connect Wallet" option to proceed with the swapping process. However, before you do so, you need to understand the fact that you understand the risk of swapping some tokens. WHERE DOES EIGENLAYER YIELD COME FROM? EigenLayer Yield comes directly from the ETH staking or restaking via https://app.eigenlayer.xyz/. by restaking, it generates a Yield via ETH Staking in Lido which simply means that it takes part in the Ethereum network Proof-of-Stake (PoS) algorithm. If you are also staking ETH in Lido, you can generate an annual yield of 3.7% and then you can restake them on the EigenLayer Ethereum restaking platform to earn more rewards and protocol fees. IS THERE AN EIGENLAYER EXTENSION? There's neither an EigenLayer extension nor a mobile-friendly application. However, the platform works through its official website i.e. https://app.eigenlayer.xyz/. This website allows you to connect your wallet, take part in the restaking process, and then generate some rewards. From the website, you can stake EigenLayer's native token i.e. Beacon Chain Ethereum and many other Liquid tokens. THE EIGENLAYER LOG IN PROCESS EXPLAINED The credentials that you create at the end of the EigenLayer restaking process are not the EigenLayer log in credentials but the withdrawal credentials. For logging in, you will only need the login credentials of your connected wallet and then you can follow the process as listed below: 1. Go to the EigenLayer homepage to access the EigenLayer Ecosystem 2. Choose the option to restake assets and then connect your wallet 3. Select which wallet you wish to connect 4. Upon making your choice, enter the wallet's login credentials 5. Follow the prompts to restake assets or withdraw them on EigenLayer CONCLUDING THOUGHTS: This document covers all the major aspects of EigenLayer that you should know as a beginner on this platform. Well, in my personal opinion, I would suggest you restake your already-held ETH and earn more and more rewards. If you have any queries regarding this, I suggest you take a look at the documentation that is available on their official website where you can learn more about EigenLayer Testnet, how their ecosystem works and so much more. FAQS- WHAT IS THE EIGENLAYER MECHANISM? EigenLayer utilizes the "Restaking" mechanism that helps those traders who have already staked their ETH to Restake them and contribute to enhancing the security of Ethereum and other protocols. WHAT TOKENS ARE SUPPORTED BY EIGENLAYER? Along with its native token (Beacon Chain Ethereum) staking, stakers can also stake some liquid tokens such as StakeWise Staked Ether, Origin Staked Ether, Coinbase Staked Ether, Binance Staked Ether, Swell Staked Ether, Stader Staked Ether, Rocket Pool Ether, Liquid Staked Ether, Mantle Staked, etc. WHAT CHAIN IS EIGENLAYER ON? EigenLayer works as a bridge and has been built on the Ethereum network allowing users to restake their ETH tokens that are already held. Hence, we can say that EigenLayer is on the Ethereum blockchain. IS EIGENLAYER ON MAINNET? Yes, EigenLayer is there on the Ethereum mainnet and the announcement for its launch has been made in June 2023. In short, we can say that EigenLayer Ethereum is a DeFi platform that allows non-EVM decentralized applications to take control of the mainnet security. HOW SAFE IS EIGENLAYER? EigenLayer has paved the pathway for increasing the security of assets that have already been staked. It also adds a layer of security to the existing protocol by utilizing the strong security mechanism of the base layer blockchain. HOW DO I QUALIFY FOR EIGENLAYER AIRDROP? There are a few things that you need to keep in mind if you wish to prepare for the EigenLayer Airdrop. For example, you need to set up an ETH-compatible wallet and connect it to EigenLayer. You can then join the EigenLayer Web page and testnet, then become a validator, and understand the reward system as well. restake NOW understand eigenlayer LEARN ↗ WHITEPAPER ↗ DOCS ↗ join the community discourse ↗ twitter ↗ discord ↗ YouTube ↗ the team about ↗ careers ↗ Terms of service Privacy policy ↗ terms of service ↗ © 2023 eigenlayer, all rights reserved, an eigenlabs PROJECT About Learn Mission Team Careers Investors Learn Community Blog Discourse Twitter Discord Docs Home Restake