Overview
The EigenLayer Landscape: Promise and Complexity
The emergence of EigenLayer holds immense promise for scaling Ethereum's capabilities and unlocking new DeFi opportunities. However, navigating its complexities can be daunting, particularly for users unfamiliar with the intricacies of restaking. While restaking protocols like Kelp and EigenPie have simplified the process by handling AVS and operator selection, limitations remain:
Multi-step Journey: Acquiring a liquid staking token, approving it, and finally staking in the chosen restaking protocol can be cumbersome and gas-intensive.
Untapped Potential: Many users hold wrapped ETH on other chains, but complex procedures hinder their participation.
Information Overload: The sheer number of restaking protocols overwhelms users with too many choices and insufficient guidance to choose the best one for them.
Introducing StakeEase: A Streamlined Gateway to EigenLayer
StakeEase emerges as a revolutionary solution, addressing these challenges head-on. We consolidate mulitple LRTs into a single vault and mints sxETH as a representation asset. In simple terms, we are a unified restaking index, designed to:
Simplify LRTFi operations across chains: sxETH acts as a single token representing your stake across multiple protocols. This eliminates the need to manage a variety of individual LRT tokens. Users can mint sxETH on multiple L1s and L2s and use it across various LRTFi opportunities.
Optimize returns: StakeEase community (token holders and stakers), through governance, control the allocation mechanism. This ensures your deposit is spread across various LRTs, optimizing returns while mitigating risk by avoiding single-point-of-failure vulnerabilities.
Distribute AVS airdrops: It is looking more and more likely that all AVS projects will airdrop their token to users who have restaked their ETH with the node operators validating their AVS. By being part of the sxETH vault, you indirectly participate in the security of all the AVSs, and therefore, get access to various AVS airdrops.
Reduce fragmentation: sxETH acts as a unified representation of your staking position, promoting seamless integration across DeFi platforms on L2s.
How Does StakeEase Work?
During each epoch, users deposit ETH into a StakeEase vault. At the end of each epoch, the vault automatically allocates the funds across various restaking protocols based on the allocation parameter set by the veEASE holders. Users receive sxETH in return, which represents their stake in the protocols. sxETH becomes a yield bearing asset, representing the value of LRTs in the StakeEase vault. This process ensures that sxETH will be completely backed by a number of staking and restaking protocols, ensuring:
LRT yields will be passed onto the sxETH holders
Reduced fragmentation via StakeEase’s unified LRT, sxETH, for DeFi operations on L2s.
Users get access to multiple types of loyalty points (Kelp Miles, Ether.fi Points, Genesis Gems, Renzo Points)
Users get access to additional yield. How? Some part of the vault will be used to add liquidity to various Balancer pools (such as LRT tripool). The fees earned from Balancer pools will also add to the yield within the sxETH vault.
StakeEase is your gateway to unlocking the full potential of EigenLayer. We empower you to participate effortlessly and maximize your returns. Join the revolution and experience the future of restaking, one click at a time.
Here are some more resources to learn about StakeEase:
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