Origin Ether’s versatile utility is expanding even further with a brand new EigenLayer integration!
Last month, holders came out in force to support OETH during EigenLayer’s voting campaign. As a result, OETH will be available as a restaking asset on the platform starting Monday, 18th December at 10 am PT.
OETH joins six other LSTs as newly listed restaking assets on EigenLayer. To cater to this increased demand, Eigenlayer’s existing cap on deposits is being raised to 200K per LST. However, a pause mechanism will take effect when the total LST TVL hits 500K in assets.
These caps have been implemented to ensure a smooth rollout that prioritizes protocol security. Given that EigenLayer’s feature set is being opened to a far larger audience on Monday, it’s possible that these caps could be met relatively quickly.
Should you wish to restake OETH, it’s vital to monitor EigenLayer flows to ensure that you can deposit before maximum thresholds are reached.
OETH’s rapidly growing ecosystem empowers holders to harness instruments at the forefront of on-chain innovation. With EigenLayer support, the community can now partake in the emerging sector of Ethereum restaking.
Pioneered by EigenLayer, restaking brings ETH’s formidable security base to new networks with less resources. Users can restake LSTs and staked ETH via the protocol, which new projects can utilize to bootstrap their development.
These projects will incentivize restakers to secure their networks, allowing users to earn extra rewards on top of Ethereum’s proof of stake staking rewards.
While restaking carries many benefits, it’s important to keep in mind that restaking heightens slashing risk by exposing staked ETH assets to multiple networks, which each carry their own set of rules. However, restakers are compensated for this risk with heightened rewards.
Check out our restaking guide to learn more and get involved!
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