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EigenLayer

Introducing New LSTs and Unpausing Restaking Caps!

EigenLayer

• 1 min read

We're excited to bring in 2024 by adding restaking support for three new Liquid Staking Tokens (LSTs): Frax Ether (sfrxETH), Mantle Staked Ether (mETH), and Liquid Staked Ether (LsETH). In line with this, EigenLayer will reopen for restaking at the existing cap of 200k ETH for each LST.

Important Dates to Note

  • Restaking Window: Available from Jan 29th, 12 PM PT to Feb 2nd, 12 PM PT.
  • New LSTs Arrival: Beginning Jan 29th, 12 PM PT.

Meet the New LSTs

  • Frax Ether (sfrxETH): A decentralized staking derivative from the Frax Finance ecosystem. This unique two-token system ensures all validator income benefits sfrxETH holders, with the token's value gradually increasing due to the protocol's earnings.
  • Mantle Staked Ether (mETH): mETH is the receipt token for Mantle LSP, a non-custodial, permissionless ETH staking protocol on Ethereum L1. Governed by Mantle, it offers an attractive APY of 7.2%, supported by Mantle Treasury's own staked ETH.
  • Liquid Staked ETH (LsETH): Representing staked ETH plus network and MEV rewards, LsETH is part of Liquid Collective's decentralized staking protocol. It features enterprise-grade security, automatic reward restaking, and built-in slashing coverage, supported by a wide range of platforms and custodians.

Restaking Caps

  • Reinstating restaking activities at the current cap of 200k ETH for each LST.
  • This unpausing allows for continued and balanced participation across all LSTs.
  • Native restaking remains uncapped

Looking Forward

  • These new additions enrich the EigenLayer ecosystem, providing more diversity and strategic options for ETH stakers.
  • Our commitment to security, decentralization, and a robust staking environment remains paramount.
  • Submit your LST for future inclusion here.

Get ready to explore these new avenues in ETH restaking starting January 29th, where each choice you make contributes to a stronger, more resilient decentralized ecosystem!

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