EigenLayer (ETH) Staking

How to Stake ETH

1. Go to https://app.eigenlayer.xyz/
2. Connect your wallet by clicking the “Connect wallet” button in the top right corner.

1. Choose your wallet (we’ll use Metamask in this example)

1. Connect your Wallet.
2. After connecting your wallet, you need to accept the “Terms of Service & Privacy Policy” from Eigenlayer by signing a message. Click on SIGN - and confirm the signing request in your wallet.

1. Congratulations! You are ready to restake. Choose between one of the Tokens and LSTs in the list below.

1. The easiest way to restake is by using LSTs. Stake your Ethereum via know liquid staking protocols like Lido (stETH), Rocket Pool (rETH) or others.
2. To restake hit the RESTAKE button in the top right corner

1. Select now an asset which you own to restake (in our example Lido Staked Ether - stEth) by clicking on it’s name.

1. By clicking on the SUBMIT button in the bottom right corner, you’ll deposit your tokens into the Eigenlayer Network.
   After clicking the SUBMIT button your wallet will ask you to confirm the deposit transaction.

1. Congratulations! You now can delegate your deposit to a Eigenlayer operator in the next step.
2. To delegate to an operator you first need to navigate to the Operator section by clicking on “Operator” in the navigation bar.

1. Enter in the search bar “Coinage x DAIC” to find our Eigenlayer operator and select it by clicking on the logo or name in the table.

1. Click the DELEGATE button and confirm the transaction. Once you are done delegating to an Eigenlayer operator like us you will start earning rewards.

About Eigenlayer (ETH)

EigenLayer is an Ethereum-based protocol that introduces the concept of "restaking," allowing ETH holders to reallocate their staked assets across multiple decentralized services. This mechanism enhances both security and capital efficiency within the Ethereum ecosystem. By enabling validators to opt into various Actively Validated Services (AVSs), such as data availability layers, oracles, and sidechains, EigenLayer extends Ethereum's security to a broader range of applications.

The platform employs a pooled security model, leveraging Ethereum's existing validator set to support external services. This approach fosters a free-market governance system where validators can choose which AVSs to support, promoting decentralized security and open innovation. EigenLayer's architecture allows developers to build new distributed systems that inherit Ethereum's robust security framework, facilitating the creation of diverse services without the need to establish independent trust networks.

What Makes EigenLayer Special?

EigenLayer stands out by introducing a novel restaking mechanism that enables ETH stakers to secure multiple protocols simultaneously, thereby enhancing overall network security and capital efficiency. This innovation allows for the development of a wide array of AVSs, including decentralized sequencing, data availability solutions, and advanced cryptographic services, all leveraging Ethereum's existing trust network.

The platform's programmable trust model comprises three layers: economic trust, decentralized trust, and Ethereum inclusion trust. This structure provides AVS developers with the flexibility to design services that align with specific trust requirements, fostering a more adaptable and secure ecosystem.

By enabling the reuse of staked ETH across multiple services, EigenLayer not only maximizes the utility of staked assets but also accelerates innovation within the Ethereum ecosystem. This approach reduces barriers for developers, allowing them to create and deploy new services without the overhead of establishing separate security infrastructures.

Links:

• Website
• Blog
• Forum
• Twitter
• Discord
• Whitepaper

Learn More About Eigenlayer

• EigenLayer: A Restaking Protocol and On-Chain Collective
• EigenLayer: Operators, Services and Slashing Equitability
• EigenLayer: History, Programmable Trust and Staking Types
• EigenLayer: Conceptualizing EigenLayer’s Evolving Use Cases
• EigenLayer: EigenDA and EigenLayer Data Availability Unboxed
• EigenLayer: EigenLayer AVS Ecosystem and Project Evolution