How to stake and redeem ETH with EigenLayer?
What's EigenLayer?
EigenLayer is an Ethereum-based protocol that uses restaking to boost cryptoeconomic security. It allows Ethereum validators to reuse their staked Ether (ETH) to secure other protocols within the Ethereum ecosystem, thereby enhancing the security and trust of these protocols without requiring them to establish their own validator sets.
EigenLayer restaking allows you to use the staked ETH and secure additional decentralized networks, enhancing both security and potential rewards.
How do I stake ETH on Eigenlayer?
Head over to Earn and select ETH under the crypto list
Select Earn from the main menu
Select the offer that has EIGEN protocol
Example of the offer has EIGEN protocol
Enter the amount of ETH you'd like to allocate
Insert your preferred amount of ETH here
Read through the Allocation preview and select the checkbox to agree with the Terms & Services
View your allocation preview
Select Allocate to complete the order
How do I redeem ETH on Eigenlayer?
Review your existing orders under Portfolio > Earn
Select Earn from the Portfolio page
Select your order and proceed to select Redeem
Check your order details
Confirm your redemption
Confirm your redemption
After confirming your redemption, you can see the redeeming status in your order
Example of redeeming status in your order
Note: The redemption process follows the protocol's withdrawal rules. You can check your order details to see how long it'll take for your crypto to land back in your portfolio.