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EigenLayer — How to Restake with Luganodes

EigenLayer Restaking Guide

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Published on

15 Apr, 2024

Introduction:

EigenLayer is a restaking protocol on Ethereum, enabling users to restake native ETH or LSTs for projects beyond Ethereum. It extends Ethereum's security to diverse protocols/services, granting developers access to its massive staked capital base and validator set.

Validator Details:

Validator Name: Luganodes

Operator Address: 0xa3ff1491088715D140bc821A28287cB3f71B43E4

EigenLayer App Link for the Operator: https://app.eigenlayer.xyz/operator/0xa3ff1491088715D140bc821A28287cB3f71B43E4

Unbonding Period:

  • Unbonding period is a timeframe in which the funds are locked when you unstake

  • The unbonding period on EigenLayer for Restaked ETH is roughly 7 days as of right now, after which you can finalize the withdrawal, and the undelegated amount will be transferred to your available balance.

Step-by-Step Staking Guide

Step 1 - Liquid Staking your ETH for LST

Head over to your preferred liquid staking platform, In this guide we’re using https://stake.lido.fi/

Connect using the wallet in which you’re holding ETH

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Once connected, enter the amount of ETH you want to stake to get liquid staked Ether (Please make sure you have enough ETH left to cover for gas in the next steps)

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Confirm the transaction

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Wait for confirmation

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Once confirmed, you’ll see stETH in your wallet,(If you don’t see stETH, then you can add manually on MetaMask using “import token”)

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Now, you have successfully staked your ETH and now have and LST (Liquid Staked Token). In the next steps we will restake this LST into the EigenLayer app

Step 2 - Restaking your LST into EigenLayer

To restake your LST into EigenLayer, head over to the official EigenLayer app (https://app.eigenlayer.xyz/ )

Now connect your wallet you used while Liquid Staking in the Step 1

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Sign the transaction to confirm your wallet

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Select the LST you want to restake, Since we liquid staked our ETH with Lido, we chose Lido staked ether

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Now we enter the amount of stETH we want to restake and hit deposit

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It will ask you to confirm spending cap request

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Now hit the deposit again and confirm the trx

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Once confirmed, you can check you restaked ETH on your Dashboard

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In the next step we will see how to delegate your restaked ETH to an operator

Step 3 - Delegating your restaked LST to an Operator

Head over to the official EigenLayer page and connect using the same wallet you used in Step 1 and 2

Then click on “Delegate your Stake”

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Under the list of operators, look for your preferred operator.

Luganodes is a leading Swiss-operated Institutional-Grade blockchain infrastructure provider, managing over $3 Billion in staked assets across 45+ networks.

We run ~7%(second largest) of the Natively Restaked Ethereum on bare metal infrastructure with 99.99% uptime and will distribute airdrop to delegators.

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Click on Delegate

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Confirm the trx

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Once confirmed, you can check your restaked amount, delegated amount and you operator under the Dashboard

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About Luganodes

Luganodes is a world-class, Swiss-operated, non-custodial blockchain infrastructure provider that has rapidly gained recognition in the industry for offering institutional-grade services. It was born out of the Lugano Plan B Program, an initiative driven by Tether and the City of Lugano. Luganodes maintains an exceptional 99.9% uptime with round-the-clock monitoring by SRE experts. With support for 45+ PoS networks, it ranks among the top validators on Polygon, Polkadot, Sui, and Tron. Luganodes prioritizes security and compliance, holding the distinction of being one of the first staking providers to adhere to all SOC 2 Type II, GDPR, and ISO 27001 standards as well as offering Chainproof insurance to institutional clients.

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