How to stake and redeem ETH with EigenLayer?

What's EigenLayer?

EigenLayer is an Ethereum-based protocol that uses restaking to boost cryptoeconomic security. It allows Ethereum validators to reuse their staked Ether (ETH) to secure other protocols within the Ethereum ecosystem, thereby enhancing the security and trust of these protocols without requiring them to establish their own validator sets.
EigenLayer restaking allows you to use the staked ETH and secure additional decentralized networks, enhancing both security and potential rewards.

How do I stake ETH on Eigenlayer?

1. Head over to Earn and select ETH under the crypto list

   

   Select Earn from the main menu

2. Select the offer that has EIGEN protocol

   

   Example of the offer has EIGEN protocol

3. Enter the amount of ETH you'd like to allocate

   

   Insert your preferred amount of ETH here

4. Read through the Allocation preview and select the checkbox to agree with the Terms & Services

   

   View your allocation preview

5. Select Allocate to complete the order

How do I redeem ETH on Eigenlayer?

1. Review your existing orders under Portfolio > Earn

   

   Select Earn from the Portfolio page

2. Select your order and proceed to select Redeem

   

   Check your order details

3. Confirm your redemption

   

   Confirm your redemption

4. After confirming your redemption, you can see the redeeming status in your order

   

   Example of redeeming status in your order

Note: The redemption process follows the protocol's withdrawal rules. You can check your order details to see how long it'll take for your crypto to land back in your portfolio.