What is Eigenpie?
Eigenpie is a liquid restaking platform that allows users to reuse their Liquid Staking Tokens (LSTs) by converting them into Liquid Restaking Tokens (LRTs). These LRTs are then staked through Node Operators on EigenLayer to secure Actively Validated Services (AVS) such as Layer 1 blockchains and Layer 2 solutions. LRT holders earn revenue from both their underlying LSTs and their participation in validating AVS. This setup enhances the passive income potential for LST holders by providing them with the benefits of liquid restaking on EigenLayer.
The Eigenpie Architecture
Eigenpie's architecture is designed to facilitate liquid restaking by converting Liquid Staking Tokens (LSTs) into Liquid Restaking Tokens (LRTs). The platform utilizes a modular system where Node Operators use these LRTs to secure Actively Validated Services (AVS) within the EigenLayer ecosystem. Key components include smart contracts for LST conversion, Node Operator delegation, reward distribution, and governance, all ensuring secure and efficient participation in restaking activities.
How does Restaking Work on Eigenpie?
Restaking on Eigenpie involves users converting their Liquid Staking Tokens (LSTs) into Liquid Restaking Tokens (LRTs) on the platform. These LRTs are then utilized by Node Operators to secure Actively Validated Services (AVS) within the EigenLayer ecosystem. This setup allows users to earn rewards from both the original staking of their LSTs and the additional restaking activities of the LRTs, thereby maximizing their earning potential. For more details, you can explore the official documentation here.
Overview of Eigenpie’s Restaking/Liquid Restaking Token — mstETH, mrETH , mwbETH , mmETH , msfrxETH , mcbETH, mswETH, mETHx, mosETH, mankrETH , moETH, mLsETH, mosETH
- mstETH: An Isolated Liquid Restaked version of the stETH LST created by Eigenpie. mstETH can only be minted by restaking stETH from Lido via Eigenpie and is not related to any other asset.
- mrETH: An Isolated Liquid Restaked version of the rETH LST created by Eigenpie. mrETH can only be minted by restaking rETH from Rocket Pool via Eigenpie and is not related to any other asset.
- mwbETH: An Isolated Liquid Restaked version of the wBETH LST created by Eigenpie. mwBETH can only be minted by restaking wBETH from Binance via Eigenpie and is not related to any other asset.
- mmETH: An Isolated Liquid Restaked version of the mETH LST created by Eigenpie. mmETH can only be minted by restaking mETH from Mantle via Eigenpie and is not related to any other asset.
- msfrxETH: An Isolated Liquid Restaked version of the sfrxETH LST created by Eigenpie. msfrxETH can only be minted by restaking sfrxETH from Frax Finance via Eigenpie and is not related to any other asset.
- mcbETH: An Isolated Liquid Restaked version of the cbETH LST created by Eigenpie. mcbETH can only be minted by restaking cbETH from Coinbase via Eigenpie and is not related to any other asset.
- mswETH: An Isolated Liquid Restaked version of the swETH LST created by Eigenpie. mswETH can only be minted by restaking swETH from Swell via Eigenpie and is not related to any other asset.
- mETHx: An Isolated Liquid Restaked version of the ETHx LST created by Eigenpie. mETHx can only be minted by restaking ETHx from Stader via Eigenpie and is not related to any other asset.
- mosETH: An Isolated Liquid Restaked version of the osETH LST created by Eigenpie. mosETH can only be minted by restaking osETH from StakeWise via Eigenpie and is not related to any other asset.
- mankrETH : An Isolated Liquid Restaked version of the ankrETH LST created by Eigenpie. mankrETH can only be minted by restaking ankrETH from Ankr via Eigenpie and is not related to any other asset.
- moETH: An Isolated Liquid Restaked version of the OETH LST created by Eigenpie. mOETH can only be minted by restaking OETH from Origin via Eigenpie and is not related to any other asset.
- mLsETH: An Isolated Liquid Restaked version of the LsETH LST created by Eigenpie. mLsETH can only be minted by restaking LsETH from Liquid Collective via Eigenpie and is not related to any other asset. mosETH