We are excited to announce that Ankr will become an EigenLayer node operator. Upon announcing the integration of ankrETH, as a Liquid Staking token usable on the ecosystem, we are proud to announce that Ankr will become a member of the restaking collective. As node operators, we enable stakers to delegate their tokens to us, allowing us to provide a range of services built upon EigenLayer.

## TL;DR:
EigenLayer will enable the creation of Ethereum’s Decentralized Trust marketplace by introducing restaking;
Restaking will expand Ethereum’s trust network to off-chain activities, eliminating protocols’ necessity of creating their own validator network;
Ankr will step into this ecosystem by becoming an operator;


## What is EigenLayer?

EigenLayer is a protocol developed on top of Ethereum that introduces the concept of 'restaking,' which is a new approach to enhance and expand cryptoeconomic security. Restaking allows the reuse of ETH, enabling users who have staked their ETH, either directly or through a liquid staking token (LST), to engage with EigenLayer's smart contracts, thereby extending security measures to more applications within the network and, in turn, earn additional rewards.

The process of restaking allows Ethereum stakers to contribute to the security of multiple services at once. This approach of using ETH for multiple services not only lowers the investment needed from a staker but also enhances the trust and reliability of these individual services.

## The Role of EigenLayer in Enhancing Blockchain Security

Traditionally, anyone developing a new service on Ethereum that requires interaction with off-chain data has to create a separate trust network to ensure the security of the system itself. To address this issue, which limits the network permissionless innovation, EigenLayer allows any service, regardless of its technical setup, to access the collective security provided by Ethereum stakers. 

To do so, EigenLayer proposed a framework that allows users to restake their ETH or ETH LSTs with operators, and those will in turn act as validators for "Actively Validated Services" (AVSs), which are systems that require their own validation semantics for verification of off-chain activities.

By removing the constraints of building their own validator network to secure the reliability of off-chain transactions, EigenLayer enables developers to focus on the core of what they are building and disregard all the wasted time building their own security network.

Some AVS examples are systems like fast finality layers, data availability layers, virtual machines, and networks for various functions such as oracles, keepers, and AI training.

## Ankr's Role as a Node Operator in the EigenLayer Ecosystem

Ankr is set to take on the role of a node operator within the EigenLayer framework. A node operator in this context is responsible for managing and running the software that operates on EigenLayer. These operators can be individuals or organizations, and they have the option to be stakers as well.

As a node operator, Ankr will register with EigenLayer, enabling ETH stakers to delegate their staked assets, which could be either native ETH or Liquid Staking Tokens (LSTs), to Ankr. Once registered, Ankr will opt to provide a variety of services to Actively Validated Services (AVSs), looking to enhance the security and functionality of the EigenLayer protocol, which at the end of the day, will create an easier and less complex paradigm to foster innovation.

Ankr's role as an EigenLayer node operator is to become a relevant member of a protocol that will diminish developing barriers and foster innovation. From Ankr's inception, until now, the goal has always been to provide tools for easier onboarding. By becoming part of the restaking syndicate, we are fulfilling our mission, helping to eliminate one major barrier in the industry.


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Unlocking ETH 2nd yield Layer: Ankr will become an EigenLayer node Operator

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Diogo Costa

We are excited to announce that AnkrETH will be integrated as a Liquid Staking Token (LST) collateral on EigenLayer. This integration introduces a new use case for the Ankr liquid staking token. It also positions Ankr as an active participant in the decentralized trust marketplace created by EigenLayer.

## What is EigenLayer and restaking?

EigenLayer is a middleware protocol built on Ethereum’s blockchain, that introduces the new cryptoeconomic primitive of ‘restaking’​​. EigenLayer's proposition is to commoditize trust and create a general-purpose marketplace for it. Thus, enabling the reuse of staked ETH or liquid staking tokens (LST) like ankrETH on the consensus layer​​​​.

EigenLayer serves as blockchain security-as-a-service, offering a solution for protocols that require Ethereum's highly secure trust network, to perform off-chain operations such as bridges or oracles, but do not wish to establish their own validator sets​​​​​​. By enabling restaking, EigenLayer facilitates the rehypothecation of ETH or its LSTs, extending their utility beyond the primary staking purpose​​.

## What are the advantages of this integration to the ankrETH token?

The integration of ankrETH as a collateral asset on EigenLayer creates yet another use case for the LST. Now, besides being able to provide security for the Ethereum network, Ankr LSTs users are enabled to provide security to further use cases, all while leveraging from 2 layers of yield. 

### In a nutshell, it will allow the following:
Extended Utility: ankrETH holders will be able to leverage their assets in the EigenLayer ecosystem, contributing to Ethereum's security and participating in various DeFi applications that EigenLayer supports​​.
Enhanced Composability: This integration provides ankrETH holders with additional composability options, broadening the scope of their investment strategies and financial planning.
Increased Adoption: By becoming a collateral token on the EigenLayer framework, Ankr’s LST will benefit from yet another use case, paving the way for increased adoption of the Ankr platform.
Innovative Use Cases: The combination of Ankr's staking rewards and EigenLayer's restaking capabilities open up new avenues for innovative use cases. Furthermore, by enabling the restake of ankrETH, it will be possible to implement a Liquid Restaking Tokens (LRT) solution, that will allow users to receive rewards on both layers while remaining liquid.

## Final Thoughts

The integration of ankrETH as a collateral asset on EigenLayer’s framework represents a significant milestone in expanding Ankr’s use cases, creating yet another relevant use case. This collaboration not only enhances the utility of ankrETH but also enriches the DeFi landscape with more robust and versatile financial solutions. 
With EigenLayer's dependency on the different LSTs in the market, we see it as of paramount importance to diversify the integrated solutions, thus diminishing the exposure to specific assets.

We are thrilled to become an integral member of this ecosystem and joyful with the prospect of being a key member in the development of new solutions for Ethereum’s network.


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AnkrETH Joins the EigenLayer Ecosystem as a Collateral Asset

Liquid staking has been a raging utility in the blockchain sphere for quite some time now, and rightfully so. Users are flocking to liquid staking services due to the benefits they offer over traditional Proof-of-Stake (PoS) staking. They overcome the illiquidity associated with staking assets to secure PoS networks, making it possible to tap into the staked value and accrue additional yields in the true DeFi sense. Essentially, users get handed liquid staking tokens (LSTs) that reflect the same value as the staked assets, enabling them to grow their returns by holding them or moving them to other dApps to farm greater rewards.

Nevertheless, liquid staking, despite the advantages offered, still presents obstacles to PoS networks like Ethereum, against which the network’s proponents are voicing their concerns. A major one is the centralization of the network. Since users are turning to massively popular staking services, staked ETH is being concentrated among a few liquid staking players, giving them increasing sway over Ethereum’s consensus mechanisms. Moreover, entrusting ETH with third-party [liquid staking](https://www.ankr.com/blog/liquid-staking-risks/) providers introduces additional risks in the form of smart contract vulnerabilities. Bugs in liquid staking contracts can let hackers exploit them and walk away with users’ value.

Restaking, a novel primitive in the staking landscape, is shaping up to be the solution to liquid staking’s challenges, bringing increased decentralization and security to the ecosystem while users earn greater staking returns.

## What is Restaking?

Restaking is an innovative version of staking on Ethereum, where stakers use the same collateral staked towards securing the blockchain to secure other applications simultaneously. Basically, the resources needed to validate Ethereum transactions can now be harnessed to validate transactions on other implementations like dApps, oracles, layer-2 sidechains, and more, called AVSs (Actively Validated Services). The innovation removes the need for AVSs to build and operate their own security infrastructure and, instead, rely on Ethereum’s well-established security resources. This mechanism would not exist without EigenLayer, the cutting-edge protocol that introduced the restaking mechanism.

## EigenLayer – Revolutionizing Ethereum Staking with Restaking

EigenLayer allows ETH, and more recently ETH-based LSTs, to be restaked through its layer, operated by on-chain, decentralized smart contracts. Staking ETH this way hands the withdrawal rights of the staked assets to EigenLayer, making it possible to enforce additional slashing procedures on top of Ethereum’s slashing mechanism.
EigenLayer’s opt-in slashing feature enables AVSs to enforce validation rules to protect their networks from validators behaving dishonestly during transaction consensus or harming them in any way. Ergo, EigenLayer enables top-tier security for AVSs depending on Ethereum stakers opting into its restaking mechanism while providing monetary benefits to staking participants. The restaking protocol elevates the Ethereum network’s security to meet the needs of AVSs while increasing its decentralization.

## How Restaking Benefits the Staking Ecosystem

Staking participants such as delegators and validators staking on Ethereum over the restaking layer can gain rewards from the Ethereum blockchain and the AVSs secured via restaking. Moreover, the restaking mechanism routes the staking returns back into validator staking pools, increasing the stake size of participants and consequently compounding their staking rewards. At the same time, reintroducing rewards into staking pools increases network security. With more amounts in validator pools, validators are inclined to act honestly and keep up Ethereum’s transaction integrity.

Another benefit of restaking is the development of validator markets. These markets will comprise ETH validators who are securing AVSs that want to tap into Ethereum’s resources. Not only do the increased restaking yields attract more validators to these markets, but they even bring more delegators looking to stake through these validators for a portion of the attractive returns. This implies growing participation in Ethereum’s consensus mechanism. Increasing validator nodes further decentralizes the network, and booming ETH stakes make it more secure.

The AVSs accessing security from ETH validators will also use Ethereum’s growing validator base, benefitting from levels of security that would not be attainable if they built their own validating systems from scratch. Additionally, the costs incurred by developing their own decentralized systems would amount to more than using validating resources available on restaking markets.

Furthermore, restaking mechanisms utilize smart contracts for their functioning. Staking on Ethereum, collecting and reintroducing rewards into staking pools, and enforcing honest behavior during validation are based on user-verifiable smart contract executions, driving up transparency, which enhances security and decentralization.

## Liquid Staking and Restaking Go Hand-in-Hand.

As the restaking concept catches on with blockchain and DeFi users, growing developments combine it with the other popular staking utility – liquid staking. Users staking ETH through liquid staking services do not have to unstake their assets to indulge in restaking. Eigenlayer’s restaking mechanism lets users participate using their ETH liquid staking tokens (LSTs). Since LSTs act as receipts to users’ stakes on Ethereum through liquid staking services, they are compatible with restaking.

With that, users can help decentralize and secure the Ethereum blockchain by staking their ETH-based LSTs on EigenLayer and even other purpose-built restaking platforms like GenesisLST and InceptionLST. These platforms are constructed on EigenLayer, pushing restaking to newer possibilities by boosting liquidity.

### GenesisLST

A great example of a restaking service, GenesisLST lets users be a part of staking’s latest evolution with exciting rewards generated by restaking ETH or LSTs on Ethereum and AVSs. GenesisLST enables users to restake their assets with custom options over various levels, including choosing the AVS they want to see validated and the validators securing them.

This platform also offers users the genETH liquid restaking token (LRT) on their restaked assets. The liquidity provided to users on their restaking endeavors can be utilized on DeFi protocols on Ethereum and its layer-2 chains to attract even greater rewards. It uses the LST2 Protocol to securely move genETH tokens between the two layers and enable a composable DeFi ecosystem for its users.

Validators restaking on GenesisLST must delegate their validation keys to the platform’s Ethereum node operators. From there, the platform engages with EigenLayer, redirecting the funds through the protocol’s smart contracts to access AVS validation rewards. Users wanting to hand over the hassles of operating their own Ethereum and EigenLayer nodes can turn to GenesisLST.

### InceptionLST

InceptionLST is another platform innovating on top of the already avant-garde restaking process. The platform allows restaking LSTs to secure Ethereum and AVSs, unlike the former platform that lets users restake pure ETH and LSTs. Where it resembles GenesisLST, however, is the offering of additional liquidity balanced against the restaked LSTs in the form of the inETH2 LRT.

The LRT, like genETH, enables users to take their DeFi strategy past Ethereum to leading layer-2 blockchains where several interesting opportunities reside. InceptionLST, too, relies on the LST2 Protocol to bridge its inETH2  tokens securely between the two layers.

Where InceptionLST differs from GensisLST is in how validators use the platform. Unlike the latter, validators do not have to delegate their validation keys. Instead, they validate transactions on the Ethereum network with their own node setups while interacting with the EigenLayer for additional rewards. Those possessing technical knowledge of handling staking hardware and prefer indulging completely in Ethereum PoS staking can restake using InceptionLST.

## Is restaking the future of liquid staking?

With rapid developments at the staking end of blockchain technology, newer implementations are acting as solutions to problems with existing ones. They do so while pushing reward generation further than before. Restaking is the next step in PoS staking’s evolution, providing increased decentralization and security at the blockchain and application levels. If that was not enough, staking participants receive greater rewards than before, motivating them to make the Ethereum blockchain more robust, where restaking developments get witnessed presently.

Projects like GenesisLST and InceptionLST are implementing the restaking mechanism developed by EigenLayer, offering users the mechanism’s benefits and more. Users restaking ETH and ETH-based LSTs on these platforms are making the most out of their assets while improving Ethereum’s security upkeep. The LRTs provided to users for their restaking efforts extend the basis of liquid staking, delivering DeFi reward generation on additional levels.

EigenLayer’s restaking paradigm lets blockchain participants improve decentralized consensus while profiting larger than before. As more platforms built over EigenLayer emerge, coupling their developments with it, DeFi is on the brink of witnessing yet another novel avenue with ground-breaking outcomes called EigenFi.





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Restaking: The Future of Liquid Staking 

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Ankr is thrilled to announce an essential addition to our RPC service with Base blockchain endpoints. Ankr’s RPC connections to Base will allow developers to build dApps on top of the network that have the ability to quickly and reliably communicate with the network and execute onchain transactions.

Ankr’s RPC API solutions for Base are now listed on the website’s [documentation](https://docs.base.org/tools/node-providers), providing a readily accessible tool for web3 developers to begin building their applications. Ankr’s node infrastructure aims to help scale Base as the network opens its public mainnet on August 9 for global use.

## What is Base?

Base is an Ethereum Layer-2 blockchain that was built to become the onchain home for Coinbase products, users, and assets. It also serves as an open ecosystem allowing Web3 developers to create new dApps on top of the network. Powered by Optimism's OP Stack, Base aims to be one of the most secure, scalable, and interoperable EVM L2s in existence.

**[Learn more about Base.](https://base.org/)**

## A Word From Base & Ankr’s CEO

*“Node providers are essential to support builders deploying their dapps on Base, and we’re excited to work with teams like Ankr that are helping provide a strong foundation and help us deliver on the vision to bring the next billion users onchain.”*

-- Jesse Pollak, Creator of Base and Head of Protocols at Coinbase

*“Ankr is incredibly excited about the potential for a more unified and standardized blockchain ecosystem with Base and Optimism’s OP stack. Interoperable scaling solutions working together with Ethereum as a settlement layer create a user-friendly means of onboarding the next billion citizens of web3. We’re going above and beyond to support the network with high-performance Base node infrastructure and connections.”*

-- Chandler Song, Co-Founder & CEO, Ankr

## What Are Ankr’s New Base RPC Connections?

- Ankr’s Base RPCs (Remote Procedure Calls) connect wallets, command-line interfaces, or dApps with the Base blockchain. They act as a messenger or blockchain router that relays on-chain information between Base nodes, dApps, and ultimately end-users so they can execute necessary tasks like making transactions, populating wallet balances, fetching ownership information, and much more.

- Base RPC endpoints are a gateway for developers to interface directly with the Base network — a portal to communicate easily, remotely, and with no need to go through the DevOps of establishing their own Base nodes.

- Ankr is providing a geo-distributed Base RPC comprised of blockchain nodes running worldwide for incredibly low-latency and reliable connections.

**[Get started now with our Base RPC endpoints!](https://www.ankr.com/rpc/base)**

## How Do the Base RPCs Help Developers?

Building with Base is an excellent choice to create connected and scalable dApps but requires access to the information on Base nodes to do so. Therefore, Ankr’s RPC solves the following developer troubles:

**Eliminates complex node ops** - Ankr’s Base RPCs will completely remove the need for many developers to set up their own Base nodes, removing hours of time spent building, calibrating, and fixing node issues.

**Grants access to advanced tools -**  Ankr’s [Premium RPC Plan](https://www.ankr.com/rpc/pricing/) instantly grants access to the best tools to build applications quickly, including:
- At least 90,000 Base requests/min
- High request priority
- Global node locations
- Telemetry
- Debug mode
- Support Portal
- WebSockets (WS) capabilities

**Powers apps and open-source software that need access to Base** - Connect with a cluster of high-performance nodes that holds the information you need to build and operate dApps with Base blockchain capabilities.

**Supports the Base network**Ankr will strengthen the Base network globally by offering easier development and a broader, distributed node infrastructure.

## Get Started Building On Base For Free

You can get started now by heading to [Ankr’s RPC Service](https://www.ankr.com/rpc/) to make your first call! You can use the endpoint **https://rpc.ankr.com/base** to call the Base chain using the standard EVM JSON RPC methods.

Join the Conversation on Ankr’s Channels

[Twitter](https://twitter.com/ankr) | [Telegram Announcements](https://t.me/anrknetworkann) | [Telegram English Chat](https://t.me/ankrnetwork) | [Help Desk](https://ankrnetwork.atlassian.net/servicedesk/customer/portal/10) | [Discord](http://discord.ankr.com/) | [YouTube](https://www.youtube.com/channel/UCErrNjCg6raOsq5MQ9fpIig) | [LinkedIn](https://www.linkedin.com/company/ankr/) | [Instagram](https://www.instagram.com/ankr) | [Ankr Staking](https://eth2.ankr.com/)

Build On Base With Ankr’s Newest RPC Connection!

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Unlocking ETH 2nd yield Layer: Ankr will become an EigenLayer node Operator

AnkrETH Joins the EigenLayer Ecosystem as a Collateral Asset

Restaking: The Future of Liquid Staking