In light of the announcement of its mainnet launch, today we are thrilled to announce Stakely now operates in the GenesisLRT validator set. Collaborating with eleven other leading validators, we're stepping in as node operators within the Genesis' DVT clusters, enhancing the security and decentralization of this innovative liquid restaking solution on EigenLayer.
What is GenesisLRT?
GenesisLRT, for those unfamiliar with Ethereum restaking solutions, represents a paradigm shift in staking platforms. Offering a customizable and easily accessible liquid restaking experience through EigenLayer, GenesisLRT empowers users to restake their native ETH tokens, effectively unlocking the liquidity of their funds via the genETH token.
Key features of GenesisLRT
At the heart of GenesisLRT's appeal lie its key features, which prioritize user flexibility and security. By allowing users to select between various operators and services, GenesisLRT ensures maximum returns.
An example of its user-centric focus is its "24h flash unstaking" solution, allowing investors to access their funds within a day, as opposed to the usual seven-day period in EigenLayer. Additionally, the integration of slashing insurance provides an extra layer of security for system participants!
The architecture of GenesisLRT
The architecture of GenesisLRT is equally impressive. Node operators like Stakely play a pivotal role in the system, managing Ethereum validators and linking withdrawal addresses to specialized contracts called EigenPods on EigenLayer.
Utilizing Distributed Validator Technology (DVT) with SSV, Stakely and its counterparts contribute to a robust and diversified validator set, enhancing the network's security and reliability.
How to restake ETH on GenesisLRT
Restaking ETH on GenesisLRT is a seamless process. Users simply deposit their desired amount of ETH onto the GenesisLRT platform and click on Restake. GenesisLRT then unlocks the liquidity of their assets through the genETH token, enabling participation in the DeFi ecosystem.
Additionally, users can accumulate Restaked Points and GenesisLRT Gems, potentially qualifying for future EigenLayer airdrops and the protocol's governance token, GEN.
Next steps after its launch
As GenesisLRT's mainnet launches, early investors stand to reap significant rewards. By engaging in ETH restaking, they not only double their rewards in GenesisLRT Gems, crucial for the upcoming GEN token airdrop, but also accumulate EigenLayer points. These GEN tokens will play a pivotal role in decision-making and unlocking genETH's omnichain functionalities, ensuring a bright future for participants in the GenesisLRT ecosystem. Don't miss out on this opportunity to be part of the next evolution in Ethereum staking!