StaFi LSaaS Stack Adds Support for EigenLayer LRT
Singapore, City, Singapore, May 10th, 2024, Chainwire
Staking infrastructure provider StaFi has announced that its Liquid Staking as a Service (LSaaS) stack now supports Liquid Restaking Token (LRT). Its integration arrives just one month after the launch of LSaaS and has been accompanied by the publication of the StaFi 2.0 roadmap which included plans for the LRT Stack.
The introduction of LRT support follows the successful launch of EigenLayer on mainnet, allowing developers and project teams to seamlessly deploy LRT on LSaaS. This significantly enhances the efficiency of LRT development and overall accessibility of restaking.
Liam Young, the founder of StaFi said: “The integration of LRT into StaFi’s Liquid Staking as a Service is a major breakthrough for developers, who are now free to create restaking products that harness shared security across multiple chains. Up until now, building with LRT has been a complex task that entails significant lead time. StaFi’s LRT Stack will slash time to market while empowering builders to create novel solutions that draw upon the cryptoeconomic guarantees that liquid staking permits.”
The LRT Stack supports the following functionalities:
- Restake/unrestake/withdraw
- Mint/burn LRT
- Restaking pool
- Delegate/undelegate restaking operator
To facilitate the LRT/ETH pair construction, AVS restaking rewards will be swapped for ETH in the market via swap. These functionalities will be iterated upon with the upgrade of EigenLayer. As a result, developers and LRT operators will be able to swiftly construct their LRT with the aforementioned functionalities.
Eigenlayer LRT is already supported on the LSaaS Stack App, while support for Karak and BounceBit LRT will be maintained. There are also plans to roll out support for BTC LRT in the future.
About EigenLayer
EigenLayer is a protocol built on Ethereum that introduces restaking, a new primitive in cryptoeconomic security. This primitive enables the reuse of ETH on the consensus layer. Users that stake ETH natively or with a liquid staking token (LST) can opt-in to EigenLayer smart contracts to restake their ETH or LST and extend cryptoeconomic security to additional applications on the network to earn additional rewards.
About StaFi 2.0
StaFi 2.0 will be a major upgrade and rebrand to StaFi. In terms of positioning, StaFi will transform from a multi-chain LSD protocol to an LSD Infra Layer, and the brand will also be upgraded accordingly. In terms of tokenomics, FIS will introduce a burn mechanism and add new utilities, while iterms of security, on top of the existing chain security, it will support contract layer security, including support and frameworks for multiple VMs such as EVM and WASM.
Read more about StaFi 2.0.
