ClayStack to Launch Ethereum Restaking and Offer Reward Points Redeemable for Clay Tokens

Coinspeaker
ClayStack to Launch Ethereum Restaking and Offer Reward Points Redeemable for Clay Tokens
Crypto staking platform ClayStack has announced it will support Ethereum (ETH) restaking via ETH native protocol EigenLayer. The platform has also announced it will give users rewards comprising Clay points and EigenLayer points.
ClayStack Restaking Ethereum
As part of the new offering, ClayStack will change its ETH liquid staking token known as csETH, to a liquid restaking asset. At the moment, users can only use ETH for direct restaking on EigenLayer. However, ClayStack CEO and founder Mohak Agarwal said the plan is to provide support for Rocket Pool Ether (rETH) and Lido staked Ether (stETH) very soon.
EigenLayer launched in June 2023 and has significantly driven Ethereum staking since then. By November, the protocol had processed 170,000 ETH in staking. As of Tuesday, the total value locked (TVL) on EigenLayer is $1.7 billion.
Restaking is a process that uses liquid staking tokens

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