💧Liquid Re-staking
Welcome to our 'How To' page, where we'll guide you through every stage!
Come here anytime for up to date how to information on any of the regular interactions you might have with Eigen’s smart contracts. Let’s hit a few quick points.
There are currently 3 necessary jobs for Eigen re-staker, node operator, and then AVS operators.
Here we are going to do a quick re-staking guide but check out our node operator guide (link word guide)
Below we will take you step-by-step through liquid re-staking, our native re-staking guide can be found here (LINK here)
Most of our How To pages will be straight from the source, referenced from the Eigen White Paper, there will be a link to the white paper at the bottom.
Restaking! The base that Eigen stands on. Take the Eth you own and turn it into an even more productive asset. Staking can be broken into two camps, the Liquid Staking Derivative/Token (LSD or LST) and native re-staking through the Eigen Pods. Liquid staking is the least time intensive so let’s go through it first.
💧Liquid Re-staking
Currently there are three LSTs that you can stake, there will be links below on how to acquire each
Rocket Pool Ether (rEth)
Lido Staked Ether (stEth)
Coinbase Staked Ether (cbEth)
Step 1: Open the EigenLayer App and connect your Web3 wallet, making sure you are connected to the Ethereum Mainnet network.
Step 2: Select a Token
Select the token you want to stake (rEth, stEth, cbEth)
Step 3: Token Approval and Deposit
Enter the amount you would like to deposit and click Next:
If this is your first time depositing a token on EigenLayer, you'll need to approve token spending first.
Token approval gives a dApp permission to move the specified token from your wallet.
Set a spending cap, and click Next:
Click Approve:
Once the approval transaction confirms, you will be prompted to confirm the deposit
If successful, you will receive a confirmation message
Step 4: Monitor your Staking Rewards & Restaked Ratio on the homepage. Restakers will earn Restaked Points based on their total EigenLayer restaking contribution. Restaked Points are calculated based on the amount staked over time, in units of ETH per second. Your Restaked Ratio is your restaked points over the total restaked points of all restakers.
⛓️Links
Eigen White Paper directed to restaking chapter
Rocket Pool rEth, trade eth for rEth here
Rocket Pool - Decentralised Ethereum Staking Protocol
Lido stEth, just stake Eth and get stEth
Coin Base Staked Eth
This one is a little more complicated and requires a KYCed coinbase account to acquire from source. Alternatively, you can use a Uniswap Pool to switch your tokens for cbeth. Here is the Eth to cbEth pool
Uniswap cbeth pool
