Stader Labs to Launch Ethereum First Liquid Restaked Token, rsERH

Stader Labs is planning to launch Ethereum mainnet’s first liquid restaked token, rsETH.

With rsETH, users will be able to “restake” liquid staked tokens such as Coinbase’s wrapped staked ETH (cbETH), Lido’s staked ETH (stETH) and Rocket Pool’s rETH on multiple different networks, minting a liquid token to represent their share in a restaking contract.

Related Reading: The King of Restaking: Is EigenLayer's Business Model a Gem or a Mud

Restaking allows users to restake already staked ETH to secure other networks, enabling users to earn additional rewards alongside their ETH staking rewards.

However, EigenLayer's restaking model comes with a drawback: once you restake your ETH, the tokens become locked on EigenLayer, rendering them illiquid. Similar to liquid staking derivatives, liquid restaked tokens provide a solution by unlocking this liquidity.

Stay updated with the most important cryptocurrency news and valuable insights, conveniently delivered to your email every day. Subscribe to the TokenInsight mailing list now!

Prefer social media? Follow us on Twitter, or subscribe to our Telegram channel!

If you have news reports or announcements that you want to reach a wider audience, feel free to email us at [email protected]