What is Prime Staked?
PrimeStaked is merging with 
YieldNest. Migration is live.
Prime Staked is a DeFi platform designed to optimize the staking experience for Ethereum (ETH) holders by enhancing liquidity and maximizing rewards. The project leverages innovative technology and robust security measures to provide a seamless and efficient staking solution. Here’s an in-depth look at the Prime Staked project:
Core Features of Prime Staked
- Enhanced Liquidity: Prime Staked ensures that users can keep their staked assets liquid, meaning they can freely access and utilize their funds. This feature addresses a common limitation in traditional staking, where assets are often locked for a specified period.
- Triple Reward Mechanism: Users benefit from multiple reward streams, including ETH staking rewards, EigenLayer points, and primeETH XP points. This multifaceted reward system incentivizes users to stake their assets through Prime Staked.
- User-Friendly Experience: The platform eliminates the need for users to run their own validator nodes, making it accessible to a broader audience. This ease of use is a key differentiator, enabling more participants to benefit from staking.
- Security and Reliability: Prime Staked is built on a secure, audited codebase, ensuring that users' assets are protected. The platform has undergone thorough security audits by sigmaPrime and code4arena, providing confidence in its reliability and safety.
The Prime Staked Architecture
How does Restaking Work on Prime Staked?
Prime Staked provides a unique solution to keep investments liquid while engaging in the restaking process on EigenLayer. The platform leverages Liquid Restaking Tokens (LSTs) to achieve this balance, ensuring users can earn multiple rewards without locking their funds.
- Deposit LSTs: Users deposit high-quality LSTs into Prime Staked ETH. Supported LSTs include Origin Ether (OETH), Lido Staked Ether (stETH), Staked Frax Ether (sfrxETH), Mantle Staked Ether (mETH), Stader ETHx (ETHx), Swell Staked Ether (swETH), and Rocket Pool Ether (rETH).
- Minting primeETH: Upon depositing LSTs, users receive an equivalent amount of primeETH. This process keeps the users' capital liquid, allowing them to use primeETH within the DeFi ecosystem.
- Earning Rewards
- EigenLayer Points: Users benefit from EigenLayer points, which are rewards typically earned from directly depositing into EigenLayer.
- PrimeETH Experience Points (XP): Users accumulate XP points within the primeETH ecosystem.
- ETH Staking Rewards: Holders earn the underlying ETH staking rewards from the LSTs.
- Using primeETH: With primeETH, users can participate in various DeFi activities while their capital remains liquid. This flexibility ensures that users continue to earn rewards from EigenLayer, PrimeETH XP, and ETH staking rewards.
Supported LSTs on Prime Staked
Prime Staked supports the following high-quality Liquid Staking Tokens (LSTs) to ensure value growth and security:
- Origin Ether (OETH)
- Lido Staked Ether (stETH)
- Staked Frax Ether (sfrxETH)
- Mantle Staked Ether (mETH)
- Stader ETHx (ETHx)
- Swell Staked Ether (swETH)
- Rocket Pool Ether (rETH)
Overview of Prime Staked’s Restaking/Liquid Restaking Token — 
primeETH
primeETH can be minted using any of the supported assets at primestaked.com. It functions similarly to cTokens in that it is a reward-bearing token, but it does not rebase like stETH or OETH. Instead, the rewards accrued by restaking positions are reflected in the increasing value of primeETH over time.
