Restaking via EigenLayer is now available on Kraken!
Were constantly innovating to give our clients access to new technology. Today, were thrilled to announce the launch of Ethereum restaking via EigenLayer, a revolutionary new way to secure decentralized applications (dApps) with your staked ETH and earn additional staking rewards.
What is Ethereum restaking and how does it work?
Earning rewards is no longer limited to traditional staking (locking up your ETH to help secure the Ethereum network). Restaking allows you to use your staked ETH to help secure dApps built on the EigenLayer network, earning additional rewards from EigenLayer.
How Ethereum restaking works on EigenLayer
- You choose to participate in EigenLayer restaking through Kraken
- Your staked ETH continues to contribute to the security of the Ethereum network
- Additionally, your ETH is used to secure other dApps built on Ethereum, known as Actively Validated Services (AVSs).
By providing security to these dApps, you are entitled to additional rewards on top of your standard ETH staking rewards.
Why choose Kraken for ETH restaking?
Simplified experience
Kraken makes it easier to access this new technology. You can restake the same ETH you already have staked on Kraken.
Experienced validators
Kraken subsidiary Staked is the validator for ETH restaked using Kraken. Staked is a leading EigenLayer operator whose services are usually only available to their institutional clients.
Understanding crypto restaking
While signing up for ETH restaking and earning additional rewards is easy, its important to understand a few basics.
Reward distribution
Rewards are paid out in AVS tokens, which represent the dApps your ETH helps secure. These can include tokens from sidechains, data availability layers, oracles, bridges and more. You may receive tokens like EIGEN, or others depending on AVS distribution.
Unbonding period
EigenLayer implements a minimum 7-day escrow period, in addition to the unbonding period to unstake assets from the Ethereum network. This means it may take longer to access your ETH compared to standard staking on Ethereum.
Automatic allocation
Restaked ETH will support the AVSs listed here.
Risks
Restaking on EigenLayer carries some additional risks* compared to standard staking on Ethereum. You can learn about these risks here.
Am I eligible for ETH restaking?
To participate in EigenLayer restaking through Kraken, youll need:
- A verified Kraken Pro account (Intermediate level or above)
- ETH in your spot or staked balance
- Residency outside prohibited geos (like the U.S.)
Kraken & Ethereum: A legacy of innovation
Kraken and Ethereum go way back. We were the first exchange to list ETH. Our long history of supporting Ethereums revolutionary technology continues by offering EigenLayer restaking, as we continue to innovate and provide our clients with the best possible ways to access new technology and participate in the future of decentralized finance.
Restake your Ethereum on Kraken today:
Need more info? Visit our ETH restaking support guide, our Learn Center crypto restaking guide and Kraken Support FAQ for quick answers!
* While EigenLayer enhances security overall, theres a slightly higher risk involved. If the applications you support are compromised, you could face additional slashing penalties. We will compensate you for any slashing penalty and non-payment of applicable staking rewards, unless this results from your actions, network maintenance or a bug, a hack, and in certain other situations. For a full list of circumstances where we wont compensate you for slashing penalties, please refer to our Terms of Service.
These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake, or hold any cryptoasset or to engage in any specific trading strategy. Kraken makes no representation or warranty of any kind, express or implied, as to the accuracy, completeness, timeliness, suitability or validity of any such information and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. Kraken does not and will not work to increase or decrease the price of any particular cryptoasset it makes available. Some crypto products and markets are unregulated, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the cryptoasset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your cryptoassets and you should seek independent advice on your taxation position. Geographic restrictions may apply.
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Source: Kraken
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