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?
- Head over to Earn and select ETH under the crypto list - Select Earn from the main menu 
- Select the offer that has EIGEN protocol - Example of the offer has EIGEN protocol 
- Enter the amount of ETH you'd like to allocate - Insert your preferred amount of ETH here 
- Read through the Allocation preview and select the checkbox to agree with the Terms & Services - View your allocation preview 
- Select Allocate to complete the order 
How do I redeem ETH on Eigenlayer?
- Review your existing orders under Earn - Select Earn on the app 
- Select your order and proceed to select Redeem - Check your order details 
- Confirm your redemption - Confirm your redemption 
- 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.