.@EclipseFND Launch of the unified restaking token $tETH
I think overall it's not bad, let me explain tETH as I understand it.
On the ETH mainnet, 5 types of LRT can be used to mint tETH:
there are eETH, ezETH, rswETH, steakETH, and pufETH.
These LRTs will be unified into a single token called $tETH.
It retains the yields of the original LRTs while also bringing AVS rewards.
The AVS rewards will not directly reflect on $tETH; there will be an additional window to claim later.
📌 Official Documentation
https://eclipse.xyz/articles/bringing-a-unified-restaking-token-teth-to-eclipse
📌 Some Notes
❶ Official Website: https://teth.eclipse.xyz
❷ The cost is not cheap; in the case of Gwei 7, it is about 10u.
❸ After past transactions, you can exit liquidity to ETH through @orca_so.
❹ It is recommended not to cross over ETH and then exchange for tETH, as the price difference is over 10%.
❺ Since after the transaction it is tETH, you still need ETH for gas.
Note, it operates on the Ethereum mainnet and goes through a transaction.
The process is to first mint tETH and then cross-chain to the Eclipse chain, using the technology from @nucleusearn and @hyperlane.
📌 Old Article Review
https://bynlalala.com/eclipse%ef%b8%b1%e4%bb%a5%e5%a4%aa%e5%9d%8a%e7%9a%84%e7%ac%ac%e4%b8%80%e5%80%8b-svm-l2%ef%bc%8c%e4%b8%bb%e7%b6%b2%e4%b8%8a%e7%b7%9a%e5%9c%a8%e5%8d%b3%ef%bc%8c%e5%9f%8b%e4%bc%8f%e6%8b%bf%e4%b8%8b-eclip/
