We’re continuously innovating to provide our shoppers entry to new know-how. Right this moment, we’re thrilled to announce the launch of Ethereum restaking by way of EigenLayer, a revolutionary new technique to safe decentralized functions (dApps) together with your staked ETH and earn extra staking rewards.
What’s Ethereum restaking and the way does it work?
Incomes rewards is now not restricted to conventional staking (locking up your ETH to assist safe the Ethereum community). Restaking permits you to use your staked ETH to assist safe dApps constructed on the EigenLayer community, incomes extra rewards from EigenLayer.
How Ethereum restaking works on EigenLayer
- You select to take part in EigenLayer restaking via Kraken
- Your staked ETH continues to contribute to the safety of the Ethereum community
- Moreover, your ETH is used to safe different dApps constructed on Ethereum, generally known as Actively Validated Providers (AVSs).
By offering safety to those dApps, you’re entitled to extra rewards on prime of your commonplace ETH staking rewards.
Why select Kraken for ETH restaking?
Simplified expertise
Kraken makes it simpler to entry this new know-how. You may restake the identical ETH you have already got staked on Kraken.
Skilled validators
Kraken subsidiary Staked is the validator for ETH restaked utilizing Kraken. Staked is a number one EigenLayer operator whose providers are normally solely obtainable to their institutional shoppers.
Understanding crypto restaking
Whereas signing up for ETH restaking and incomes extra rewards is simple, it’s essential to grasp a couple of fundamentals.
Reward distribution
Rewards are paid out in AVS tokens, which signify the dApps your ETH helps safe. These can embrace tokens from sidechains, information availability layers, oracles, bridges and extra. It’s possible you’ll obtain tokens like EIGEN, or others relying on AVS distribution.
Unbonding interval
EigenLayer implements a minimal 7-day escrow interval, along with the unbonding interval to unstake belongings from the Ethereum community. This implies it might take longer to entry your ETH in comparison with commonplace staking on Ethereum.
Automated allocation
Restaked ETH will assist the AVSs listed right here.
Dangers
Restaking on EigenLayer carries some extra dangers* in comparison with commonplace staking on Ethereum. You may study these dangers right here.
Am I eligible for ETH restaking?
To take part in EigenLayer restaking via Kraken, you’ll want:
- A verified Kraken Professional account (Intermediate degree or above)
- ETH in your spot or staked steadiness
- Residency outdoors prohibited geos (just like the U.S.)
Kraken & Ethereum: A legacy of innovation
Kraken and Ethereum go manner again. We had been the primary change to listing ETH. Our lengthy historical past of supporting Ethereum’s revolutionary know-how continues by providing EigenLayer restaking, as we proceed to innovate and supply our shoppers with the absolute best methods to entry new know-how and take part in the way forward for decentralized finance.
Restake your Ethereum on Kraken as we speak:
Want extra information? Go to our ETH restaking assist information, our Study Heart crypto restaking information and Kraken Help FAQ for fast solutions!
* Whereas EigenLayer enhances safety total, there’s a barely larger threat concerned. If the functions you assist are compromised, you could possibly face extra slashing penalties. We are going to compensate you for any slashing penalty and non-payment of relevant staking rewards, except this outcomes out of your actions, community upkeep or a bug, a hack, and in sure different conditions. For a full listing of circumstances the place we received’t compensate you for slashing penalties, please discuss with our Phrases of Service.
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