How to Restake your Crypto with InceptionLRT

August 16, 2024
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Welcome to InceptionLRT, your one-stop solution for restaking in the DeFi ecosystem. Whether you're new to decentralized finance or a seasoned veteran, our platform offers diverse opportunities and benefits designed to maximize your returns.

This guide is meant to offer value to newcomers and experts alike. We will walk you through the necessary steps to restake your crypto assets and explore advanced DeFi strategies, ensuring you make the most of InceptionLRT's features.

1. Choosing Your Asset to Restake

Native ETH or any of the 12 Liquid Staking Tokens (LSTs) on EigenLayer

InceptionLRT supports restaking for native ETH and 12 different Liquid Staking Tokens (LSTs) from EigenLayer. Your choice of asset can significantly impact your restaking strategy and potential returns. Here is the full list of supported LSTs:

  • stETH (Lido)
  • rETH (Rocket Pool)
  • cbETH (Coinbase)
  • wBETH (Binance)
  • osETH (Stakewise)
  • swETH (Swell)
  • AnkrETH (Ankr)
  • EthX (Stader)
  • OETH (Origin ETH)
  • sfrxETH (Frax Ether)
  • lsETH (Liquid Staked ETH)
  • mETH (Mantle Staked Ether)

Asset Selection Criteria

When choosing an asset to restake, consider the following factors:

- Risk Tolerance: Assess your comfort level with the potential volatility and risk associated with each asset.

- Expected Returns: Compare the potential yields from different assets and restaking opportunities.

- Market Conditions: Stay informed about current market trends and conditions that may affect asset performance.

- CyberSecurity: Select an asset issued by an established protocol, preferably one that has been thoroughly audited by leading cybersecurity firms.

By aligning your asset choice with your investment goals and strategies, you can optimize your returns.

2. Connecting Your Wallet to the InceptionLRT dApp

Supported Wallets

InceptionLRT supports a variety of popular wallets, including MetaMask, Trust Wallet, and Ledger. Choose a wallet that fits your needs based on security preferences and ease of use.

Step-by-Step Connection Process

1. Visit the InceptionLRT dApp: Navigate to InceptionLRT dApp.

2. Connect Your Wallet: Click on the "Connect Wallet" button on the top right corner and select your preferred wallet.

3. Authorize the Connection: Follow the prompts in your wallet to authorize the connection.

4. Be Cautious: Whenever connecting your wallet to InceptionLRT and other dApps, make sure you are accessing the correct URL. Keep your funds safe by double-checking the URL (www.inceptionlrt.com) before connecting your wallet.

For detailed instructions, refer to our guide on connecting your wallet.

3. Restaking Your Assets

How to Restake

After successfully connecting your wallet, you can restake your assets — including Liquid Staking Tokens (LSTs) like stETH or rETH that you received when staking your ETH. Follow these steps to restake on the InceptionLRT platform:

1. Select Asset: On the InceptionLRT dApp, choose the asset you want to restake from the available options.

2. Enter Amount and Choose Restaking Protocol: Enter the amount you wish to restake and select the desired restaking protocol that aligns with your strategy.

3. Approve Spending Cap: Approve the custom spending cap for InceptionLRT in your wallet. This step is necessary to authorize the transaction.

4. Confirm Transaction: Click "Restake" once more and confirm the restaking transaction in your wallet.

Brief Overview of What’s Happening

Once you restake your assets, they start accruing both native staking rewards and additional restaking rewards. This dual-layered yield approach maximizes your earning potential by leveraging both primary and secondary yields from your restaked assets.

Final Steps

After the transaction is confirmed, add the obtained Liquid Restaking Token (LRT) to your wallet. You can then continue to the Dashboard to monitor your restaked assets and track your rewards.

For a detailed step-by-step guide, visit our restake assets guide.

4. Leveraging LRTs in DeFi for Additional Yield

Understanding Liquid Restaking Tokens (LRTs)

Liquid Restaking Tokens (LRTs) represent your restaked assets, providing liquidity and yield opportunities in DeFi. LRTs offer flexibility and can be used to compound your returns through various DeFi strategies.

DeFi Strategies with LRTs

Explore the following DeFi strategies with LRTs:

- Liquidity Mining: Provide liquidity to earn rewards.

- Lending: Lend your LRTs to earn interest.

- Yield Farming: Participate in yield farming to maximize returns.

Interested in leveraging LRTs? Check the list of supported DeFi platforms and start experimenting.

Layering Yield Opportunities

Combine different yield opportunities to optimize your returns. Layering LRT strategies with other DeFi investments can enhance your overall yield. On top of that, exploring multiple protocols from different ecosystems can make you eligible to claim generous airdrops.

5. Unstaking Your Assets Swiftly

Traditional Unstaking vs. Flash Unstaking

InceptionLRT offers both traditional unstaking and the Flash Unstake feature. Traditional unstaking involves standard processing times, while Flash Unstaking provides immediate liquidity, allowing you to react swiftly to market changes.

Using the Flash Unstake Feature

1. Access Flash Unstake: Navigate to the Flash Unstake section on the platform.

2. Select Asset: Choose the asset you want to unstake.

3. Confirm Transaction: Follow the prompts to complete the flash unstake.

Flash Unstaking is particularly advantageous during volatile market conditions when quick access to funds is crucial. The most recent crash in the markets, caused by Japan’s stock market meltdown, is an excellent example of why Flash Unstake is necessary.

For detailed instructions, refer to our Flash Unstake guide.

6. FAQ

What is the difference between staking and restaking?

Staking involves locking up your assets in a Proof of Stake (PoS) blockchain to earn rewards. Restaking on InceptionLRT allows you to redeploy your staked assets to secure additional services (AVSs) and earn dual-layered yields, leveraging both primary staking rewards and secondary yields from restaking opportunities.

How do I choose which asset to restake?

Choosing an asset to restake depends on your investment goals, risk tolerance, and market conditions. InceptionLRT supports native ETH and 12 different Liquid Staking Tokens (LSTs) on EigenLayer. Consider factors such as potential rewards, asset volatility, and your overall portfolio strategy when selecting an asset.

What are Liquid Restaking Tokens (LRTs), and how can they benefit me?

Liquid Restaking Tokens (LRTs) are derivatives that represent your restaked assets on InceptionLRT. They provide increased liquidity and allow you to earn yields from both staking and restaking activities. LRTs can be used in various DeFi strategies, offering flexibility and the opportunity to maximize your returns.

The World of Restaking is yours for the Conquering

Our powerful protocol offers a viable option for restakers, providing diverse opportunities and benefits to maximize crypto returns. By choosing the right assets, connecting your wallet, leveraging LRTs, and understanding the unstaking options, you can explore the best DeFi has to offer.

Explore the InceptionLRT platform today and start maximizing your returns. For additional resources and community support, visit our guides and join us on social media (X and Telegram).