EIGEN Liquid Restaking Live: Put your Airdrop to Work

October 08, 2024
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InceptionLRT is proud to announce that we are now the first protocol to offer a liquid restaking solution for EigenLayer’s token: EIGEN. This integration gives our users the ability to maximize yield potential while maintaining liquidity, taking the utility of the EIGEN token to a new level. With this development, users can restake their EIGEN tokens in return for InceptionLRT’s liquid restaking token, inEIGEN, benefiting from increased flexibility and security in the DeFi space.

Let’s dive into the significance of this integration and how it aligns with EigenLayer’s recent advances.

What is the EIGEN Token?

EIGEN is the backbone of the EigenLayer protocol, designed specifically to secure and validate Actively Validated Services (AVSs) through intersubjective staking. Unlike traditional staking models, EigenLayers token goes beyond securing ETH-backed services. It addresses “intersubjective faults”—problems that are observable to all but not automatically detectable by blockchain protocols, such as governance disputes or oracle failures.

By restaking EIGEN, participants help secure services like oracles, data availability layers, and decentralized AI systems, making EIGEN a critical asset for the future of decentralized infrastructure.

Key Features of EIGEN:

  • Forking for Security: EIGEN enables participants to "fork" (split) services that are underperforming or malicious, allowing them to redirect value and protect the ecosystem without compromising Ethereum’s own security.
  • Slashing Mechanisms: To maintain protocol integrity, EIGEN includes slashing mechanisms that penalize misbehavior, ensuring robust economic security across the AVSs supported by EigenLayer. These features make EIGEN essential for fostering a secure, decentralized, and transparent DeFi ecosystem.

About EigenLayer: Pioneering Restaking Technology

EigenLayer is an innovative protocol designed to extend the security of Ethereum through restaking. It allows users to secure multiple decentralized applications (dApps) and services simultaneously, offering dual rewards without compromising Ethereum’s underlying security. EigenLayer is particularly known for its ability to support a broad range of services, from oracles to AI systems, by enabling restakers to secure these services in a decentralized and trustless manner.

The introduction of EIGEN enhances EigenLayer's capabilities by addressing intersubjective faults, which ETH restaking alone cannot resolve. This advanced mechanism, combined with the security of Ethereum, creates a comprehensive and versatile restaking platform.

Why Restake EIGEN on InceptionLRT?

InceptionLRT is the first protocol to provide liquid restaking services for EIGEN, offering users several unique benefits:

  • First-Mover Advantage: Be among the first to engage with liquid restaking for EIGEN, maximizing your earning potential and participating in the cutting edge of DeFi.

  • Expanded Utility: Restaking EIGEN on InceptionLRT allows users to directly contribute to the security of AVSs and actively participate in EigenLayer's governance mechanisms.

  • Improved Security: By restaking EIGEN, users help secure essential decentralized services like oracles and data layers, ensuring they are protected from attacks and disruptions.

  • Flexible Yield Opportunities: InceptionLRT’s inEIGEN LRT provides users with a liquid version of their staked EIGEN tokens, enabling them to earn rewards while maintaining liquidity to participate in broader DeFi activities.

Restake EIGEN on InceptionLRT

Restaking your EIGEN tokens on InceptionLRT is now easier than ever. Head over to our dApp, navigate to the restaking section, and select EIGEN from the supported tokens. You will be able to seamlessly manage your restaked tokens and earn rewards through our liquid restaking solution.

unnamed.png EIGEN Liquid Restaking on Inceptions dApp (Source)

Benefits of inEIGEN

InceptionLRT’s liquid restaking token, inEIGEN, offers several key advantages for users looking to optimize their EIGEN holdings:

  • Enhanced Liquidity: Restaking through inEIGEN allows you to maintain liquidity while earning rewards. Unlike traditional staking models that lock up assets, inEIGEN provides users the flexibility to access their tokens and use them across a wide range of DeFi services.

  • Defi Composability: While restaking EIGEN on InceptionLRT, users benefit from the ability to leverage inEIGEN with other Defi protocols. This allows for the optimization of yield opportunities through a range of options while still participating in EigenLayer's restaking infrastructure.

  • Immediate Withdrawals with Flash Unstake: Withdraw inEIGEN instantly without waiting for the typical 7-day unbonding period required by Eigenlayer. This feature ensures full flexibility and liquidity when accessing your assets, making it a superior solution compared to protocols with withdrawal delays.

  • Risk Isolation: Inception’s Isolated Restaking Approach: By using inEIGEN, you are benefiting from InceptionLRT’s Isolated Liquid Restaking model, which ensures that each staked asset is managed independently. This prevents risk from one underperforming AVS affecting your entire portfolio.

To explore the full benefits of isolated restaking, check out our article: What is Isolated Liquid Restaking? A Deep Dive into iLRTs

Unlock the Potential of EIGEN Restaking

With the introduction of EIGEN liquid restaking on InceptionLRT, you now have the opportunity to engage deeply with EigenLayer’s decentralized services while maintaining liquidity through inEIGEN. This first-mover integration positions InceptionLRT as a leader in liquid restaking, allowing users to maximize their yield and security.

Ready to unlock the full potential of your EIGEN tokens? Explore InceptionLRT today and restake your EIGEN for optimized yield and enhanced security.