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- 1 EigenLayer protocol is all prepared to revolutionize the staking concept.
- 2 Individuals can deposit their tokens from February 5, 2024.
- 3 KelpDAO’s LST restaking platform, Etherfi platform, and Swell liquid staking protocol are a few of the compatible platforms.
EigenLayer, a protocol developed in the Ethereum blockchain is accountable for revolutionizing the concept of restaking. The restaking aims to develop a pooled security for the bridges, protocols, and Ethereum dApps. On February 5, 2024, the protocol will open deposits to users for the next 4 days.
Furthermore, the current 200K tokens per individual cap will be removed and new tokens LST will be introduced. Stakers can take part in the process through different strategies.
How EigenLayer Revolutionizing the Restaking Concept
EigenLayer staking protocol offers additional crypto rewards on the previously staked Ether. Individuals who staked LST tokens including stETH, rETH, ETHx, swETH, etc receive restaked points, which are then transformed into an airdrop when the TGE of the EIGEn token takes place.
Further airdrops are reserved for the long-term users of the project. The cryptographic protocol is all prepared to revolutionize the staking concept in the crypto universe. The process simply helps stakers reuse their staked tokens to earn more interest while donating to network security.
Moreover, the protocol will decline the need to develop a dedicated Ethereum blockchain security infrastructure. EigenLayer simply empowering Ethereum’s existence in the crypto world along with creating a more connected environment of DApps and services.
On February 5, 2024, individuals can take benefit of the protocol by making deposits on EigenLayer. Individuals will get a time of around 4 days to make deposits.
Steps to Take Part in EigenLayer Crypto Airdrop
Earning more interest in the staked tokens is a great opportunity one should never miss. Similarly, individuals can enter the process of restaking in different ways.
The first strategy is to stake on the Etherfi platform which allows individuals to obtain the hike of restaked points along with making the individuals eligible for another airdrop at the same time. Furthermore, individuals will receive liquid eETH along with receiving 3 Million EigenLayer points. The platform holds a TVL of $580 Million.
The next effective strategy one can adopt is the Swell liquid staking protocol, which is one of the most popular dApps and holds a TVL of $468 Million. The platform allows individuals to deposit ETH for rswETH and swETH. Furthermore, the platform showcases a liquid staking token and staking token along with offering airdrop of EigenLayer and Swell.
Another powerful platform that stakers can consider for staking is KelpDAO’s LST restaking platform. The platform possesses an incentive program permitting stakers to earn EigenLayer X Kelp points. Depositing LST tokens from Lido, Frax, or Stader for rsETH will help individuals earn points as well as contributions to 2 airdrops. KelpDAO’s LST restaking platform is well known for its secure services and holds a TVL of $270 Million.
Apart from this, individuals can also consider platforms like RocketPool, StakeWise, Renzo Protocol, Espresso Systems, and Lido. All these platforms can help individuals earn maximum profit from the EigneLayer airdrop.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
