StaFi, a leading staking infrastructure provider, has unveiled a significant enhancement to its Liquid Staking as a Service (LSaaS) stack with the addition of support for Liquid Restaking Token (LRT). This integration, coming merely a month after the LSaaS launch, aligns closely with the recently unveiled StaFi 2.0 roadmap, which highlights the inclusion of the LRT Stack among its pivotal milestones.
The inclusion of LRT support marks a pivotal development following the successful mainnet launch of EigenLayer, a protocol situated on Ethereum, revolutionizing crypto economic security through the concept of restaking. This integration effectively enables developers and project teams to seamlessly deploy LRT on StaFi’s LSaaS, streamlining the development process and bolstering accessibility to restaking functionalities.
Liam Young, the visionary founder of StaFi, emphasized the transformative impact of this integration, stating, “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 crypto economic guarantees that liquid staking permits.”
Unlocking Liquid Staking
The LRT Stack encompasses a suite of functionalities designed to streamline the restaking process, including restake/unrestake/withdraw options, mint/burn LRT capabilities, restaking pool management, and delegate/undelegate restaking operator functionalities. Notably, to facilitate the construction of the LRT/ETH pair, AVS restaking rewards will be exchanged for ETH in the market via swap, further enhancing operational efficiency.
EigenLayer LRT is already seamlessly integrated into the LSaaS Stack App, complementing existing support for Karak and BounceBit LRT. Furthermore, StaFi is committed to expanding its support to encompass BTC LRT in the foreseeable future, ensuring comprehensive coverage across multiple chains.
EigenLayer, the pioneering protocol underpinning LRT, introduces restaking as a novel crypto economic security primitive. This innovation enables users to leverage their staked ETH or liquid staking tokens (LST) to extend crypto economic security to additional applications on the network, thereby unlocking additional rewards.
Looking ahead, StaFi is poised to undergo a significant transformation with the rollout of StaFi 2.0. This major upgrade and rebrand will position StaFi as an LSD Infra Layer, expanding its capabilities beyond multi-chain LSD protocol to encompass a broader spectrum of functionalities. Tokenomics-wise, the introduction of a burn mechanism and enhanced utility for the FIS token are on the horizon, alongside bolstered security measures supporting contract layer security.
In essence, the integration of EigenLayer LRT support into StaFi’s LSaaS stack represents a pivotal milestone in the realm of liquid staking, unlocking new possibilities for developers and stakeholders alike while reaffirming StaFi’s commitment to innovation and accessibility in the decentralized finance landscape.
