DeFi Platform EigenLayer Rolls Out Restaking Protocol on Ethereum Mainnet

Seattle-based decentralized finance platform EigenLayer has deployed its restaking protocol on the Ethereum mainnet, according to a press release.

The protocol allows those staking ETH to restake on EigenLayer by depositing liquid staking tokens including Lido stETH , Rocket Pool ETH and Coinbase Wrapped Staked ETH . EigenLabs, the developer of EigenLayer, raised a total of $64.5 million at a valuation of $500 million in a series of investment rounds, including aThe protocol has set participation parameters for liquid restaking and native restaking, with liquid restaking accepting a maximum of 3,200 of each liquid staking token and a maximum 32 token deposit per address. Native restaking, meanwhile, will be paused once 9,600 ETH has been added.

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