Restake Finance: In this article, we cover a detailed review of Restake Finance. How does Restake Finance Crypto work & Are important features?
About Restake Finance
Restake Finance is building a new era of yield – an intuitive platform to restake your liquid staking tokens and maximise your on-chain rewards through $rstETH, liquid restaking token. Using $rstETH will allow you to earn restaking rewards while receiving a liquid derivative in exchange for your locked principal. You will have instant liquidity to your tokens and the ability to compound yield.
RSTK will become a proxy for the success of EigenLayer. RSTK will be directly related to EigenLayer yield. Higher yields, more modules and strong adoption of EigenLayer will lead to higher revenue accrual for RSTK holders through the Restake Finance platform.
Restake Finance Coin Price
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Restake Finance Price Live Data
The live price today is $1.63 USD with a 24-hour trading volume of $1,728,847 USD. They update RSTK to USD price in real-time. This is up 3.03% in the last 24 hours. The current ranking is #2418, with a live market cap of not available. The circulating supply is not available and a max. supply of 100,000,000 RSTK coins.
How it works?
Deposit LST (stETH) into Restake Finance (RSTK).
Begin earning rewards in real-time based on customized opt-in modules in RSTK. Hold rstETH to receive EigenLayer interest (APY 10%+). Allow users to earn yield without fully locking their LST.
Receive rst ETH
Received liquid rstETH and participate in the EigenLayer decentralised trust and security mechanism through RSTK. Continue receiving Ethereum native staking rewards through rstETH rebase mechanism.
Use in DeFi
Use rstETH as a building block across DeFi protocols to compound your yield (e.g. as collateral in lending).
Liquid exposure to EL yields
rstETH allows for a liquid exposure to additive yield to be accrued through restaking in EigenLayer, on top of the tradititional Ethereum staking yield. Restaking enables staked stETH to be used as cryptoeconomic security for protocols that require actively validated services.
Restakers can use rstETH as a building block for other applications and protocols (e.g. as collateral in DeFi lending or other trading DeFi solutions). Access to instant liquidity and yield maximization opportunities.
Yield rehypothecation & customized modules
Users will be able to opt-in to their preferred modules and in return receive rewards from each independent module. Expected yield is >10% APY across all EL modules.
Zero costs for capital re-utilization
Restake Finance stands out by offering zero minting fee and zero redeeming fee.
Why is a DAO essential?
- Ensures that Restake Finance project remains true to its decentralized nature and that its development aligns with the interests of its stakeholders
- DAO’s have superior decision making skills in comparison to a single person
- EigenLayer protocol may change and therefore Restake Finance should be upgradeable
- Promote long term efficiency and stability
Restake Finance, the protocol, will be managed by the holders of the governance token, RSTK.RSTK is an ERC20 token that is at the core of the protocol, powering Restake Finance DAO. RSTK is built as a native token within the ecosystem, with the aim to maximize utility and adoption.
The token has been designed to be community oriented, and align all major stakeholders. Having a strong community is a core ethos of Restake Finance. Aside from being a governance token, RSTK is also used to boost utility for users within the ecosystem.RSTK’s maximum supply is 100,000,000 tokens.
Advantages of using rstETH
Using the rstETH token will allow you to earn restaking rewards without fully locking your staked Ethereum. You will earn EigenLayer native interest without a lock-up, while having instant liquidity to your tokens.
The rstETH token will be used as a building block within DeFi. You will be able to use it as a collateral in lending protocols, yield aggregators and optimisers, derivatives andother financial instruments. It will allow you to optimize, leverage and customize your yield creation process. In the future, you may also be able to trade native EigenLayer yield using rstETH, similarly to how ETH yield is tradeable on Pendle’s innovative protocol.
Initially, rstETH will be on the Ethereum blockchain, but as the protocol progresses, we will be aiming towards becoming omnichain. Further chains will widen the use cases of rstETH and boost its scaling.
As part of vision, we aimed for RSTK to become a proxy for the success of EigenLayer. RSTK will be directly related to EigenLayer yield. Higher yields, more modules and strong adoption of EigenLayer will lead to higher revenue accrual for RSTK holders through the Restake Finance platform.
They will be charging a flat fee of 10% of EigenLayer rewards accrued by Restake Finance platform. Half of this fee (i.e. 5% of total EL rewards) will be earned by stakers, while the other half (i.e. the remaining 5% of total EL rewards) will be earned by treasury to fund operational costs.
Restake Finance Conclusion
To sum up, Restake Finance proves to be a trailblazer in the field of yield optimization by providing customers with an innovative platform that allows them to optimize on-chain profits and stake their liquid tokens. Yield farming takes on a new dimension with the launch of $rstETH, the liquid restaking token, which gives users the option to earn incentives while preserving instant liquidity through a liquid derivative.
The platform not only makes yield improvement easier, but it also presents a brand-new idea in which the performance of EigenLayer is directly linked to the success of the RSTK coin. EigenLayer’s ascent to greater yields, expansion into new modules, and robust user acceptance will translate into more income accrual for RSTK holders via the Restake Finance platform.
The creative strategy used by Restake Finance not only solves the issue of effective yield management, but it also aims to balance token holders’ interests with the growth of the EigenLayer ecosystem. With its dedication to offering customers liquidity, compounding yield potential, and a clear connection between RSTK and EigenLayer’s success, the platform is leading the way in the rapidly changing decentralized financial space. The platform has the ability to completely change how users interact with yield farming and staking as it develops, opening up new revenue opportunities in the decentralized ecosystem.
Restake Finance FAQ
What is Restake Finance?
This is a platform that aims to redefine yield farming by providing users with an intuitive solution to restake their liquid staking tokens and maximize on-chain rewards. The platform introduces $rstETH, a liquid restaking token, allowing users to earn rewards while maintaining instant liquidity through a liquid derivative.
How does $rstETH work?
Using $rstETH enables users to earn restaking rewards while receiving a liquid derivative in exchange for their locked principal. This innovative feature provides users with both yield optimization and instant liquidity to their tokens.
What are the benefits of using $rstETH?
$rstETH offers users the ability to earn restaking rewards, maintain instant liquidity, and compound yield, making it a versatile tool for those looking to optimize their yield farming strategies.
How does RSTK relate to EigenLayer?
RSTK serves as a proxy for the success of EigenLayer. The value of RSTK is directly related to the yield generated by EigenLayer. As EigenLayer achieves higher yields, incorporates more modules, and gains strong adoption, RSTK holders can expect higher revenue accrual through the Restake Finance platform.
Can I trade or sell my $rstETH?
The liquidity provided by $rstETH allows users to trade or sell their tokens on supported platforms. This feature provides users with flexibility and the ability to manage their assets according to their preferences.
How does Restake Finance ensure security and privacy?
Restake Finance prioritizes the security and privacy of user assets. The platform employs robust security measures to safeguard user funds and sensitive information.