Hassan Maishera
Staking infrastructure provider StaFi announced on Monday, May 13th, that its Liquid Staking as a Service (LSaaS) stack now supports Liquid Restaking Token (LRT).
In a press release obtained by Cryptowisser, the team said the integration comes roughly a month after the launch of LSaaS and is followed by the publication of the StaFi 2.0 roadmap which included plans for the LRT Stack.
The addition of LRT support also comes after the successful launch of EigenLayer on mainnet. The integration now allows developers and project teams to seamlessly deploy LRT on LSaaS. Thus, enhancing the efficiency of LRT development and overall accessibility of restaking.
While commenting on the new support, Liam Young, the founder of StaFi said:
“The integration of LRT into StaFi’s Liquid Staking as a Service is a major breakthrough for developers, who are now free to create restaking products that harness shared security across multiple chains. Up until now, building with LRT has been a complex task that entails significant lead time. StaFi’s LRT Stack will slash time to market while empowering builders to create novel solutions that draw upon the cryptoeconomic guarantees that liquid staking permits.”
The LRT Stack supports the following functionalities:
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Restake/unrestake/withdraw
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Mint/burn LRT
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Restaking pool
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Delegate/undelegate restaking operator
To enable the LRT/ETH pair construction, StaFi explained that AVS restaking rewards will be swapped for ETH in the market via swap. This means that developers and LRT operators will be able to swiftly construct their LRT with the aforementioned functionalities.
The team added that Eigenlayer LRT is already supported on the LSaaS Stack App, while support for Karak and BounceBit LRT will be maintained. StaFi also intends to roll out support for BTC LRT in the future.
EigenLayer is a protocol built on Ethereum that introduces restaking, a new primitive in cryptoeconomic security. This enables the reuse of ETH on the consensus layer. Users that stake ETH natively or with a liquid staking token (LST) can opt-in to EigenLayer smart contracts to restake their ETH or LST and extend cryptoeconomic security to additional applications on the network to earn additional rewards.
Meanwhile, StaFi 2.0 will be a major upgrade and rebrand to StaFi. In terms of positioning, StaFi will transform from a multi-chain LSD protocol to an LSD Infra Layer, and the brand will also be upgraded accordingly. In terms of tokenomics, FIS will introduce a burn mechanism and add new utilities.
