EigenLayer is an Ethereum restaking protocol that has now completed $64.4 million in financing. Today EigenLayer launched the first test version, supporting restaking of stETH and rETH test coins, as well as restaking of ETH by new validators on the test network. In this tweet, Bibi News will provide tutorials on restaking and withdrawal of stETH and rETH. (Recommended reading: "New Project | EigenLayer: Building a Consensus Center on Ethereum through Re-Staking")
1. Get some ETH test coins on the Goerli test network. 2. Convert Goerli ETH into stETH and rETH test coins. Switch Metamask to the Goerli test network, and use the send function to send Goerli ETH to 0x1643E812aE58766192Cf7D2Cf9567dF2C37e9B7F to get stETH test coins. Switch Metamask to the Goerli test network, and pledge Goerli ETH through https://testnet.rocketpool.net to get rETH test coins. Add tokens 0x1643E812aE58766192Cf7D2Cf9567dF2C37e9B7F, 0x178E141a0E3b34152f73Ff610437A7bf9B83267A in Metamask 3. Restaking and withdraw on EigenLayer https://goerli.eigenlayer.xyz Connect to Metamask Select rETH or stETH, select Deposit, enter the restaking amount, and confirm with the wallet.
On the homepage of the test app, you can see your restaked points, which depends on the amount and time of your stake.
Select rETH or stETH, select Unstake, enter the withdraw amount, and confirm with your wallet.
You need to wait 7 days to unstake. After 7 days, click withdraw again and the wallet will confirm.
4. Official tutorial: https://docs.eigenlayer.xyz/guides/get-testnet-tokens
I have read the EigenLayer project before. The founder Sreeram Kannan should be quite powerful. He has put forward the following view: Trust between blockchains and DAPPs is mutually fragmented, and each has to pay high capital costs to maintain the security of the ecosystem. For example, if the Ethereum beacon chain wants to maintain the current pledge volume, it must provide 3.9% APY to pledge users.
What EigenLayer does is the restaking of funds, allowing users to stake their funds repeatedly to middleware, oracles, DAPPs, etc. in addition to ETH PoS staking, thereby improving fund efficiency while ensuring the security of the Ethereum network and various protocols.
