Hi Reddit! We’re excited to introduce Ethereum Restaking on Kraken, powered by EigenLayer. Restaking is a revolutionary way to increase your staking rewards while helping to secure decentralized applications (dApps) with your staked ETH.
What is Restaking? Restaking is just like normal staking—your ETH helps secure and validate a network of dApps. However, the EigenLayer protocol takes your staked ETH and uses it to secure multiple additional protocols and dApps. This lets you earn higher rewards in the process through EigenLayer’s Actively Validated Services (AVSs).
How to Get Started:
- Have ETH staked or in your Kraken spot balance.
- Log in to your verified Kraken Pro account.
- Start restaking your ETH with just a few clicks.
Why Restake?
- Earn extra rewards on top of your standard ETH staking.
- Help secure dApps built on Ethereum.
- Easy to set up via Kraken’s platform.
Who is Eligible?
- Verified Kraken Pro account holders (Intermediate level or above).
- Holders of ETH in either a spot or staked balance.
- Residents of unrestricted geos
Kraken has a long-standing relationship with Ethereum, being the first exchange to list ETH back in 2015. Now, we’re proud to bring you this innovative restaking opportunity, continuing our legacy of supporting the future of decentralized finance.
Join us for a live Reddit AMA on October 25th to ask any questions you have about ETH Restaking! In the meantime, learn more and get started here.
Need More Info? Visit Our ETH Restaking Support Guide!Curious About Restaking? Learn More in Our Comprehensive Guide!
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