CyberConnect launches Cyber Restaking, powered by EigenLayer and the restaking protocol
2024-04-10 02:30
Odaily News CyberConnect announced the launch of Cyber Restaking, a new feature powered by EigenLayer and the liquidity re-pledge protocol. This feature allows users to participate in ETH re-staking in advance through the dual pledge model on Cyber L2. Starting April 9, users can deposit liquid restaking token (LRT) assets from Renzo (ezETH), Puffer Finance (pufETH), and ether.fi (weETH) and start earning Cyber Restaking Points. Cyber Restaking Points are designed to incentivize early stakers and the community and help guide liquidity to Cyber L2. Users can deposit to earn income and points, including ETH staking income, ETH re-pledge income, EigenLayer points, LRT points and Cyber Restaking points. Starting today, users can deposit re-pledged assets to obtain additional Cyber re-pledge points, and the first 2 ETH pledged by users will receive double points, and there will also be invitation revenue sharing. Cyber will use EigenDA as a DA solution to bring a cheap and scalable on-chain Web3 social experience. The mainnet is planned to be launched in Q2 2024.
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