Ethereum validator P2P.org enables ETH restaking on EigenLayer
P2P.org, an Ethereum blockchain validator and provider of noncustodial staking tools, is moving to optimize staking rewards with a new API integration.
P2P.org has integrated an automated, end-to-end Restaking API, allowing users to restake Ether ( ETH ) on decentralized staking protocols like EigenLayer , the firm announced on May 27.
The newly introduced Restaking API integrates with P2P.org’s existing Ethereum API, allowing intermediaries to both stake ETH and restake it on EigenLayer.
“Intermediaries are continually seeking ways to add value for their clients and differentiate their services in a crowded market,” P2P.org CEO Alex Esin said. “With our new Restaking API, we are providing a powerful tool that does just that,” he noted, adding:
“Our clients can now offer their users the ability to easily restake ETH, maximizing their staking rewards and airdrop opportunities directly from their own platforms.”
Ethereum staking refers to participation in Ethereum’s transaction validation process following Ethereum’s shift to a proof-of-stake (PoS) consensus protocol from a proof-of-work (PoW) protocol in 2022.
Staking on Ethereum involves depositing, or “locking up,” 32 ETH to activate validator software and earning staked ETH for holding Ether on a crypto wallet, an exchange, or a staking pool.
With Ethereum restaking, users can turn staked ETH to simultaneously stake on another Ethereum protocol and extend crypto-economic security to additional applications on the network.
Ethereum restaking is a novel concept in the crypto market and was introduced by EigenLayer, which launched on the Ethereum mainnet in April 2024.
P2P.org’s new Restaking API platform features multiple rewards, including staking and restaking rewards, Secret Shared Validator incentives, EigenLayer future rewards, as well as anticipated Actively Validated Services’ airdrops, all accessible through a single integration point.
Related: Hong Kong SFC considers allowing Ether staking for ETF issuers
While restaking unlocks new ways to maintain diverse blockchain projects using staked Ether, the process is associated with some concerns. One common concern about restaking is the allocation of funds repeatedly to similar validators, increasing both yield and risk.
In 2023, Ethereum co-founder Vitalik Buterin cautioned that restaking protocols could expose the blockchain to significant systemic risk.
Magazine: The $2,500 doco about FTX collapse on Amazon Prime… with help from mom
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Axie Infinity (AXS) and Enjin (ENJ) Approach Key Resistance Levels: Are Breakouts On The Horizon?
Chainlink (LINK) Builds Momentum Ahead Of Key Breakout: Is A Rally On Horizon?
Analyst Whose 2023 and 2024 Bitcoin (BTC) Predictions Came True Announces His 2025 Price Target!
Bitcoin Price Soars Again: What’s Driving the Rise? What Do Analysts Think?
Bitcoin, the world's largest cryptocurrency, has started an upward movement again today. So what are the reasons for the rise and what are the evaluations?