We’re excited to announce that the pre-deposit window is now open on PrimeStaked! As a brand new liquid restaking ecosystem, PrimeStaked allows EigenLayer restakers to retain liquidity on their restaked assets and earn extra rewards.
primeETH holders will begin earning Restaked Points when EigenLayer deposits open at 12 pm PST on February 5th. By holding primeETH, users not only earn EigenLayer points, but also primeETH XP and LST yield.
Pre-depositors will be positioned to earn maximum rewards. Let’s delve into how to prepare for primeETH, and how you can take advantage of being an early adopter.
At launch, PrimeStaked supports OETH, stETH, sfrxETH, rETH, mETH, ETHx, and swETH. Origin Ether (OETH) deposits receive a 2x bonus on their primeETH XP, all while earning 2% higher yield than leading LSTs.
Joining EigenLayer’s restaking ecosystem has never been easier. Follow the steps below to start earning Restaked Points and primeETH XP on your LSTs as soon as EigenLayer deposits open.
If you don’t already own a supported liquid staking token (LST), this is your first step. Swap ETH for any supported LSTs on Uniswap or your preferred DEX to get started. If you want to maximize your XP, Origin Ether has deep liquidity on Curve and supports direct mints on oeth.com.
Next, you can swap any supported LST for primeETH on PrimeStaked.com. Prime Staked ETH will begin accruing LST yield from its underlying assets, and XP and Restaked Points will begin to accrue once EigenLayer’s deposits open on February 5th at 12 pm PST.
Sit back, relax, and watch that prime XP start rolling in. You can view your current holdings, as well as your EigenLayer Restaked Points and XP, on PrimeStaked.com.
Next, let’s dive into why primeETH XP matters, and how you can maximize your XP earnings.
PrimeStaked will begin to issue primeETH Experience Points at 12 pm PST on February 5th. Why should you care? PrimeETH XP measures your contribution to the PrimeStaked ecosystem. Accumulating XP positions you well for future token rewards.
As such, you’ll want to maximize your primeETH XP earnings. There’s a few things you can do to achieve this, but the three most important factors are being early, going big, and depositing OETH. OETH deposits receive a 2x bonus on XP through the lifetime of the campaign, while being early gives big short-term incentives.
During the 4-day EigenLayer deposit window, primeETH holders will be granted an early deposit multiplier. For the first 24 hours after EigenLayer opens deposits, primeETH holders will earn a 5x multiplier. In the following 24 hours, primeETH holders will earn a 4x multiplier. Each day LST restaking is enabled on EigenLayer, the early deposit multiplier decreases by 1x until the multiplier stops on February 9th.
primeETH XP will accrue based on the amount of LSTs you hold per hour. The exact calculation is as follows:
Whale bonuses are applied to primeETH holders that hold above a certain threshold of tokens. You can see the how to qualify for a whale bonus below:
Importantly, if a user qualifies for several multipliers, these bonuses are added together, not multiplied. For example, an OETH depositor that deposits 1 OETH on day 1 would earn a 7x bonus on XP for the first 24 hours. When the early deposit multiplier decreases to 4x on day two, then the depositor will earn a 6x bonus on XP.
As EigenLayer deposits near, the excitement within our community is palpable. Liquid restaking is undergoing a pivotal moment that offers unprecedented opportunities to participants. Be the first to know about PrimeStaked updates by following us on X. If you have further questions or want to see what the team is up to in real time, we invite you to join our Discord.
