EigenBoost for ETHx | The only way to get more with your ETH
ETHx holders have shown immense support for EigenLayer since day 1 and the community is growing with every passing day. We want to give back to our community of ETHx restakers with a one of a kind program - the EigenBoost.
The concept of restaking is a significant paradigm shift in the way we know Ethereum. Since its introduction, EigenLayer has been a key driver for this narrative. With ETHx as an accepted LST on EigenLayer, we share the vision they’ve set out to fulfill with restaking.
ETHx holders have shown immense support for EigenLayer since day 1 and the community is growing with every passing day. We want to give back to our community of ETHx restakers with a one of a kind program — the EigenBoost.
Introducing EigenBoost for ETHx
Everyone loves EigenLayer Restaked Points. We get it! That’s why we want ETHx restakers to earn extra.
There are many ways to earn different points, but we’re introducing the only way to increase EigenLayer Points with your ETH.
How does the EigenBoost work?
The EigenBoost is simply an extra boost of EigenLayer Points for ETHx restakers. Stader intends to contribute ETHx from its treasury and boost eligible ETHx restakers’ EigenLayer points. Every time the ETHx restaked TVL on EigenLayer hits a certain milestone, Stader will add more ETHx to EigenLayer, increasing the Eigen points earned by ETHx holders.
With each ETHx TVL milestone reached, there will be extra EigenLayer Points up for grabs.
Here’s a quick snapshot.
Who is eligible for this program?
This is designed for all ETHx users who contribute to 0.01–200 ETHx restaked in EigenLayer, via KelpDAO or directly. Users who have restaked ETHx already are eligible as well. The points are rewarded when ETHx hits a certain TVL milestone on EigenLayer (refer to the above table).
What is the duration of EigenBoost?
You accrue extra EigenLayer Points everyday starting today Dec 22, 2023 until March 31, 2024.
How is this made possible?
For every ETHx TVL milestone on EigenLayer, Stader will boost the community restaking contribution with its own ETHx restaked on EigenLayer. The extra EigenBoost awarded to the community will be from the EigenLayer Points accrued on Stader’s contribution. This will be split across eligible depositors, proportional to their individual contribution.
How is Stader making this contribution?
Stader’s contribution is being made with ETHx from its treasury, which will be restaked through a 2/3 multisig: 0x0F2eFe96C093B6B51B9AEd384bF565F299679105
Where can I see my extra EigenLayer points?
We are publishing a Dune dashboard where you should be able to track the extra EigenLayer points you earn. This blog and our socials will be updated with this information.
If you have any questions, please contact us on our community channels.
Happy holidays!
Disclaimer:
Subject to feasibility of downstream processes on EigenLayer, other LSTs and restaking protocols.
Please note that when EigenLayer points become transferable (either through a token or other mechanism), Stader pledges to distribute all of its EigenLayer Point earnings as boost to eligible ETHx users.