LRTs

Currently, there are no fully functional re-staking services with a complete ecosystem of re-stakers, node operators, and AVSs. However, the demand for slashable security to bootstrap other forms of Proof-of-Stake networks exists, continuously attracting more mindshare. In addition to EigenLayer, other re-staking protocols are entering the market.

Ion Protocol offers a set of advantages to this new profile of stakers by leveraging our consensus layer risk framework to integrate restaked assets as collateral.

Liquid Re-staking Tokens (LRTs)

LRTs with underlying deposits that are being restaked into similar node operator groups, validating similar AVS's, would be fungible between each other. In other words if LRTs share a similar risk profile, they can be swapped. This common risk profile is defined by the AVS's design choices as it relates to slashing + penalty rules and reward distribution logic.

Ion's risk infrastructure, designed for monitoring consensus layer activity can underwrite the complex risk and reward of restaked deposits.

Restakers will be able to deposit their LRTs into Ion Protocol and borrow stETH and other staked and restaked assets to participate in the broader DeFi ecosystem while retaining their exposure to diverse sets of staking yield originating from AVS's.

LRTs In Ion

LRTs can be used as collateral on Ion to borrow. By providing LRTs as collateral, borrowers can boost their exposure to EigenLayer Points, liquid restaking provider points, and secure their position in Ion to earn boosted restaking yield once AVSs go live.

Listed Assets

AssetAddress

eETH

0x35fA164735182de50811E8e2E824cFb9B6118ac2

weETH

0xCd5fE23C85820F7B72D0926FC9b05b43E359b7ee

rsETH

0xA1290d69c65A6Fe4DF752f95823fae25cB99e5A7

ezETH

0xbf5495Efe5DB9ce00f80364C8B423567e58d2110

rswETH (Coming Soon!)

0xFAe103DC9cf190eD75350761e95403b7b8aFa6c0

Last updated