Stake, stake, stake. Restaking promises to be a transformative crypto economic primitive, and hunting EigenLayer’s airdrop is the best way to capitalize on the opportunity! How can you maximize your eligibility for EigenLayer’s airdrop while exposing yourself to 2 more airdrops?
With EigenLayer’s liquid staking token (LST) deposit caps at capacity, you would need to wait for deposit limits to be increased or possess 32 ETH – along with the hardware and technical know-how required to operate your own full node – to natively restake with EigenLayer.
Thankfully, liquid restaking protocol ether.fi allows you to circumvent this requirement, meaning you can restake your ETH for eETH to start earning EigenLayer restaking points immediately!
This is how you can sidestep @eigenlayer deposit caps by staking with @ether_fi… pic.twitter.com/cEWHj3emD5
— Bankless (@BanklessHQ) January 15, 2024
Staking your ETH for eETH will expose you to the EigenLayer and ether.fi airdrop opportunities, but if you’re looking to maximize your eligibility, you’ll need to interact with a third tokenless protocol…
Fixed-rate lending protocol Term Finance will allow you to borrow WETH against weETH (which can be obtained by wrapping eETH in ether.fi’s staking app).
The weETH you supply Term will continue to accrue ether.fi and EigenLayer, and you can maximize your eligibility for both airdrops by swapping the ETH you borrow for more eETH to double the amount of points you are earning!
Of course this opens up the possibility of leveraged https://t.co/gbHcksxzp2 and #EigenLayer staking, by providing eETH as collateral and then staking the borrowed ETH back into eETH, allowing users to double the number of points they’re earning💹
— ether.fi (@ether_fi) January 16, 2024
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Please note: Term Finance has a 0.5 ETH minimum deposit requirement