Staking Frens Update: Over 50k ETH has been minted! Stakers will receive $500k in $OMNI and $ETHFI, all ON TOP of https://t.co/gbHcksy7eA points and @eigenlayer points. Stay tuned for our next Staking Frens update.
LRTs are complicated and not all LRTs are the same. Each one has different risks and features. Across all categories $eETH stands out as best-in-class! 💪
Security and liquidity have always been the top priority for us. Given the instability in the LRT space over the last 12 hours, we want to reassure everyone that the restaking and LRT space are sound. We’ve received many inbound questions from our users and want to share some things that have been done to help ensure security of the protocol. The http://ether.fi labs team is ready and available should you have any questions. We will be having a spaces at 7pm UTC to address all questions. https://twitter.com/i/spaces/1YqGoDggBOAJv 🧵👇 Liquidity: ✅ Withdrawals have been enabled since Day 1, users can always redeem eETH (or weETH) for ETH on http://ether.fi 1:1. ✅ eETH peg has always stayed within a few basis points and has gone through some great stress tests. After the TGE there were over $200m in withdrawals that were processed and the peg didn’t budge. http://ether.fi has the deepest on chain liquidity of any LRT - https://dune.com/Henrystats/liquidity-restaking-protocols ✅ weETH is listed on a variety of different Centralized Exchanges to allow users to buy and redeem. ✅ L2s: Admittedly L2 integrations were not deployed as quickly as users had hoped, but that was because we wanted to ensure things were done the right way, prioritizing user safety. We have worked with @LayerZero_Labs to enable native minting on L2s. Users will be able to mint weETH for no cost on all major L2s, currently available on Mode and Blast. Additionally, any L2 can be used for restaking and all weETH can be transferred seamlessly between chains through the OFT standard. The integration with LayerZero allows us to leverage native bridges rather than expensive third-party bridges, which is common amongst all other LRT L2 integrations currently. There is no other solution as safe and cost efficient that is currently on the market. Security: 🔒 We recently announced that we are working with @CertoraInc on a formal verification and audit of our smart contracts. This is the highest level of security one can take on their smart contracts. 🔒 7 audits performed on the http://ether.fi code from 5 different providers. We believe it’s imperative to get more eyeballs on our protocol. 🔒 Bug bounties are live with @immunefi and run frequently.
With the events of the last 12 hours in the LRT space, we are doing a community AMA at 2:30p UTC (in one hour) to answer questions about our liquidity and security. We will do a spaces later today as well. Please join!
Why is $eETH the best option for restaking? ✅ Deepest liquidity by far, swap >$100M easily ✅ Withdrawals enabled, lower depeg risk ✅ Highest reward rates from staking and restaking https://t.co/twzZHcLniQ
NATIVE MINTING of weETH on L2s is now live!! You’ve been asking for it and we are delivering. ✅ weETH can now be natively restaked on @Blast_L2 and @modenetwork! weETH has also adopted the OFT Standard with @LayerZero_Labs, allowing users to seamlessly move the restaking asset across chains. 💰 @LineaBuild, @Optimism, and @base, are set to come online shortly. Stake now at http://ether.fi
We are super excited to have utility for weETH on Day 1 on both chains and BIG TIME points boosts! On Blast weETH holders will be getting points on @Juice_Finance and @ThrusterFi On Mode weETH holders will get points with @SturdyFinance @ionicmoney @kimprotocol More details… https://t.co/2l2g6XzMkc
Our event at @token2049 with some hard hitting alpha. Fireside chat with @MikeSilagadze and @CryptoHayes Panel with @sparkdotfi @gauntlet_xyz @ethena_labs. Moderated by @akshat_hk 🔥 🔥 🔥
Our StakingFrens week with @PolyhedraZK went so well, we called more frens to join in. We’d love to introduce you to our latest StakingFrens, @OmniFDN! 🤝 🧵👇
TLDR: Starting April 22nd until 26th, for every 1 $ETH staked earn 1 $ETHFI per day plus a share of $400k of $OMNI tokens. Reminder: This is ON TOP of staking rewards + https://t.co/gbHcksxzp2 points + @eigenlayer points
It may not show up in our TVL, but there is over 20k additional ETH delegated to @ether_fi operators! Why does it matter? It means users will get the very highest restaking rewards with $eETH Just one more reason to choose http://ether.fi $eETH https://app.eigenlayer.xyz/operator/0xdcae4faf7c7d0f4a78abe147244c6e9d60cfd202
Come check us out at the @token2049 panel: The Future of Liquid Staking and Restaking Excited to chat with our frens at @LidoFinance @ClayStack_HQ @ChorusOne @redstone_defi https://checkout.token2049.com/agenda/session/1324971
Reminder that you can always use $stETH to stake on https://t.co/gbHcksy7eA at any time to mint $eETH with no caps 👍 Earn https://t.co/gbHcksy7eA points + @eigenlayer points + staking and restaking rewards Deposit in Swell L2 Pre-Launch and earn @swellnetworkio points too! 🤯
L2 Season is starting next week and it’s going to be insanity! Native weETH minting on multiple chains, points boosts, new partners. Absolute madness. Are you ready, anon?
After years of work it's incredible seeing restaking become a reality. Congrats again to the @eigenlayer team for an incredible feat of engineering and leadership. Check out the @ether_fi operator below, we'll be fully deployed over the next few days! https://app.eigenlayer.xyz/operator/0xfb487f216ca24162119c0c6ae015d680d7569c2f
Our team will be in Dubai next week, who all is going? Come get some alpha from @CryptoHayes @ethena_labs @MikeSilagadze @gauntlet_xyz @sparkdotfi @brevis_zk @PolyhedraZK @eulithlabs and more! Approval required.