BTC 93,833.00$ -0.08% ETH 1,759.72$ -1.83% USDT 1.00$ 0.00% XRP 2.27$ +2.09% BNB 600.00$ +0.18% SOL 146.02$ -2.06% USDC 1.00$ +0.01%
REGULATION
by
6 months ago

EigenLayer expands its restaking option to wrapped Bitcoin

2024-11-05

REGULATION
by
6 months ago


EigenLayer restaking platform, allowing users to redeploy their staked ETH or Liquid Staking Tokens (LSTs) to secure additional services and applications within the Ethereum ecosystem.

 

Users can restake their ETH or LSTs to provide security for various Actively Validated Services (AVSs), such as data availability layers, decentralized sequencers, and oracles.

 

EigenLayer announced on November 4, 2024 that it is expanding its restaking option to include wrapped Bitcoin (BTC) yield and payouts from node operator P2P.org. This move is aimed at providing more opportunities for BTC holders to earn rewards.

 

Additionally, ARPA Network, which is built on EigenLayer, will start paying rewards to depositors of uniBTC, a restaked BTC wrapper. This opens up new liquidity pathways and reward opportunities for BTC holders.

 

P2P.org, a prominent node operator within the EigenLayer ecosystem, has also announced the opening of claims for its EigenLayer Season 2 operator's allocation share, amounting to $2.2 million. This distribution program aims to reward eligible participants within the restaking community.

Recent News