Skip to content

StaFi LSaaS Stack now supports EigenLayer LRT

StaFi LSaaS Stack now supports EigenLayer Lrt

StaFi, a multi-chain liquid staking derivatives (LSD) protocol, has announced it would support the EigenLayer Liquid Restaking Token (LRT), according to the information shared with Finbold on May 10.

The integration accompanies the release of the StaFi 2.0 roadmap, outlining plans for the LRT Stack and representing a significant milestone just a month after launching LSaaS (Liquid Staking as a Service).

Leveraging the success of the EigenLayer mainnet launch

The addition of LRT support leverages the successful launch of the EigenLayer mainnet, enabling developers and project teams to seamlessly deploy LRT on LSaaS, greatly streamlining LRT development and enhancing the accessibility of restaking.

Liam Young, founder of StaFi, expressed excitement about the integration, stating:

“The integration of LRT into StaFi’s Liquid Staking as a Service is a major breakthrough for developers, who are now free to create restaking products that harness shared security across multiple chains. Up until now, building with LRT has been a complex task that entails significant lead time. StaFi’s LRT Stack will slash time to market while empowering builders to create novel solutions that draw upon the cryptoeconomic guarantees that liquid staking permits.” 

LRT Stack functionalities

The LRT Stack provides several key functionalities, including restake, unrestake, withdraw, mint, burn LRT, restaking pool, and delegate/undelegate restaking operator.

To facilitate the construction of the LRT/Ethereum (ETH) pair, AVS restaking rewards will be swapped for ETH in the market via swap. 

These functionalities will be further improved with the upgrade of EigenLayer, enabling developers and LRT operators to swiftly construct their LRT with the aforementioned functionalities.

EigenLayer LRT is already supported on the LSaaS Stack App, with continued support for Karak and BounceBit LRT. 

Some plans are also underway to introduce support for Bitcoin (BTC) LRT in the near future.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Finbold.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD

Read Next:

Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts

Sign Up

or

By submitting my information, I agree to the Privacy Policy and Terms of Service.

Already have an account? Sign In

Services

IMPORTANT NOTICE

Finbold is a news and information website. This Site may contain sponsored content, advertisements, and third-party materials, for which Finbold expressly disclaims any liability.

RISK WARNING: Cryptocurrencies are high-risk investments and you should not expect to be protected if something goes wrong. Don’t invest unless you’re prepared to lose all the money you invest. (Click here to learn more about cryptocurrency risks.)

By accessing this Site, you acknowledge that you understand these risks and that Finbold bears no responsibility for any losses, damages, or consequences resulting from your use of the Site or reliance on its content. Click here to learn more.