How to Restake EIGEN: A Step-by-Step Guide

October 17, 2024

In this guide, we will walk you through how to liquid restake your EIGEN tokens on InceptionLRT, offering step-by-step instructions to ensure a smooth and straightforward experience. We’ll also look into the origins of EIGEN and its airdrop, and how you can maximize your inEIGEN Liquid Restaking Token (LRT) through our Uniswap DeFi integration.

Understanding the EIGEN Token

EIGEN is the native token of the EigenLayer, a protocol designed to extend Ethereum’s security by introducing intersubjective staking for decentralized services like oracles, data availability layers, and governance mechanisms. EigenLayer allows users to restake their Ethereum or several other tokens to secure additional decentralized services while earning rewards.

How to Buy or Get EIGEN

The EIGEN Airdrop: Season 1 & 2

In order to get EIGEN, many users participated in the EigenLayer Season 1 and 2 Airdrop, a campaign where early adopters and contributors were rewarded with the native EIGEN token. These airdrops have been a significant way for users to get involved in the EigenLayer protocol, and for those who received the airdrop, restaking their tokens through InceptionLRT can unlock further yield opportunities.

For those who have not yet claimed their EIGEN of the Season 2 Airdrop, you can easily do so directly through the InceptionLRT dApp. For more detailed instructions on claiming your rewards, head over to our guide: A Step-by-Step Guide to CLaiming Your EIGEN Airdrop on InceptionLRT

How to Restake EIGEN on InceptionLRT: A Step-by-Step Guide

Once you’ve secured your EIGEN tokens, you can easily restake them on InceptionLRT following these simple steps:

Step 1: Connect Your Wallet

Visit the InceptionLRT dApp and connect your wallet. Ensure that your wallet contains the EIGEN tokens from the airdrop or otherwise acquired.
Supported wallets include MetaMask, Trust Wallet, and WalletConnect, and many others.

Wallet Options On the InceptionLRT dApp (Source)

Step 2: Access the Restaking Dashboard

Once your wallet is connected, navigate to the Restaking Dashboard on InceptionLRT.
You’ll see a list of restakable assets, including EIGEN.

InceptionLRTs dApp Restaking Dashboard (Source)

Step 3: Select EIGEN and Input Amount

Select EIGEN from the list of available tokens.
Enter the amount of EIGEN you wish to restake, ensuring that you retain enough gas fees to complete the transaction.

EIGEN Staking tab on InceptionLRT dApp (Source)

Step 4: Approve the Transaction

Once the amount is confirmed, your wallet will prompt you to approve the spending limit for InceptionLRT. Set the desired custom spending cap and approve the transaction in your wallet.
After approval, click Restake once more to confirm the action on the InceptionLRT platform.

1. Approval of Spending Cap for your EIGEN tokens (Source

2. Confirming your EIGEN token Restake (Source)

Step 5: Receive Your inEIGEN LRT

After successfully restaking, you’ll receive inEIGEN, which is the Isolated Liquid Restaking Token (LRT) that represents your restaked EIGEN.
Add inEIGEN to your wallet by using the option to do so on the dApp.

Restaking Successful Page on InceptionLRTs dApp (Source)

Step 6: Monitor and Manage Your Position

You can now monitor your inEIGEN holdings and the accrued rewards through the InceptionLRT dashboard, tracking your yield and other Defi rewards.

Leveraging inEIGEN in DeFi: Uniswap LP Integration

InceptionLRT not only allows users to restake their EIGEN tokens, but also provides further yield opportunities through integrations with popular DeFi protocols like Uniswap. Currently, inEIGEN can be paired with EIGEN on Uniswap to earn liquidity provider (LP) rewards.

Here’s a step-by-step guide to using inEIGEN on Uniswap:

Step 1: Access the Uniswap App via InceptionLRT

From the InceptionLRT dashboard, navigate to the section dedicated to DeFi integrations.
Select Uniswap and choose the inEIGEN/EIGEN liquidity pool.

inEIGEN/EIGEN pool on InceptionLRTs dApp under Defi Integrations tab (Source)

Step 2: Add Liquidity

Enter the amount of inEIGEN you want to deposit into the pool.
Uniswap will display your share of the pool and the rewards you can earn over time.

inEIGEN/EIGEN pool on Uniswap (Source)

Step 3: Approve and Confirm the Transaction

Approve the transaction in your wallet and click Confirm on Uniswap to add your liquidity to the inEIGEN/EIGEN pool.
Once confirmed, you’ll start earning LP rewards, which can be managed within the InceptionLRT dashboard.

Step 4: Monitor Your LP Position

Monitor your liquidity position on Uniswap and track the rewards you’re generating from providing liquidity.
You can also remove liquidity at any time to access your inEIGEN or EIGEN holdings.

How to Unstake EIGEN on InceptionLRT

Unstaking your EIGEN tokens on InceptionLRT offers two flexible options to access your assets: Standard Unstake and Flash Unstake. Each method allows you to manage your restaked assets depending on how fast you need liquidity.

Step 1: Access the Restaking Dashboard

Go to the InceptionLRT dApp and navigate to the Manage section for your inEIGEN holdings.

Step 2: Select Unstake and Enter the Amount

Once in the dashboard, select the Unstake tab, enter the amount of inEIGEN you want to unstake, and choose between Standard Unstake or Flash Unstake.

Standard Unstake: This method will take up to 15 days for your assets to be accessible. After the unstaking period, you will manually claim your tokens from the dashboard.
Flash Unstake: This is InceptionLRT’s exclusive solution for instant liquidity. With Flash Unstake, you can instantly access your unstaked assets without waiting for the standard 15-day unbonding period required by EigenLayer. This method charges a dynamic fee based on liquidity demand, providing immediate access to your assets when needed.

Standard Unstake & Flash Unstake Options on InceptionLRTs dApp (Source)

Step 3: Approve and Confirm

Once you’ve chosen the unstaking method, your wallet will prompt you to approve the transaction. Confirm the approval and wait for the unstaking process to complete.

If you selected Standard Unstake, monitor the dashboard for the status update and claim your assets once available.
For Flash Unstake, your tokens will be instantly accessible without any waiting period, giving you full control over your assets. InceptionLRT’s Flash Unstake feature provides users with maximum flexibility, making it a superior choice for those looking for quick access to their restaked tokens.

For more on Flash UNstake, check ut our detailed blog: Flash Unstake

Make the Most of Your EIGEN Airdrop with InceptionLRT

By restaking EIGEN on InceptionLRT and leveraging inEIGEN in DeFi protocols like Uniswap, you can maximize the potential of your airdropped tokens and further expand your yield opportunities. InceptionLRT offers a flexible, secure restaking platform, giving you full control over your assets while unlocking the true potential of decentralized finance.

Explore the InceptionLRT dApp today and restake your EIGEN to start earning more rewards!