New ‘Liquid restaked token’ tests staking same ETH multiple times
Stader Labs has introduced a new Liquid Re staked Token (rsETH) on testnet that allows users to stake the same ETH on multiple networks simultaneously. The recently launched rsETH token builds on EigenLayer’s restaking protocol and is designed to boost staking rewards by leveraging liquid staking tokens like Lido’s stETH and Coinbase Wrapped Staked ETH (cbETH). Restaking enables users to earn staking rewards on ETH while retaining liquidity. During a recent interview with The Block, Stader Labs co-founder Dheeraj Borra explained the benefit of such a system. rsETH is more than just a token; it is an entry point to more rewards and opportunities in the crypto landscape, allowing users to aggregate rewards from various different sources to maximize their holdings Stader Labs co-founder Dheeraj Borra You might also like: How Does Ethereum Staking Work? A Beginner’s Guide The rsETH token works by letting users deposit liquid staked ETH token s and mint rsETH repre...