Crypto Exchange Kraken Introduces Ethereum ($ETH) Restaking via EigenLayer
Popular cryptocurrency exchange Kraken has announced it’s introducing Ethereum restaking via EigenLayer, allowing users who have already staked their ETH to leverage it through its smart contracts.
The new feature could allow ETH token holders to potentially earn additional staking rewards by using their staked ETH – Ether that’s already being staked to help secure the Ethereum network’s Proof-of-Stake mechanism – to help secure decentralized applications built on EigenLayer.
Kraken’s subsidiary, Staked, a leading EigenLayer operator, will be the validator for ETH restaked using Kraken, offering a service that would usually only be available to the firm’s institutional…
