Now tracking @restakefi on @ethereum
Restake Finance DAO innovates on EigenLayer with a platform that makes it easy to restake liquid staking tokens and maximise on-chain rewards through $rTokens
RSTK x ANKR 🥩⚓️
Soon Restakers can deposit @ankr's native yield-bearing token $ankrETH into the RSTK protocol.
In the last 90 days, $ankrETH has maintained the second-highest APY amongst staked ETH assets 🔥
Deposits will earn extra yield by restaking on RSTK🔄🥩
🌟RestakeFi Dev Update🌟
Revamped Rewards Dashboard is now LIVE!
- track and claim all of your restaking and LP farm rewards in one place
- view accumulated EigenLayer points (COMING SOON)
- referral rewards program (COMING SOON)
Now back to building 🫡
With less than 7 hours left for deposits, we have grown to over $10.5m in TVL!
Don’t miss out on earning some of the highest yields currently in DeFi:
- EigenLayer points
- RSTK rewards: current APR of 35%
- RSTK points
Deposit now https://t.co/PaKqpCMXgv
LSDs integrated: stETH, mETH, osETH, sfrxETH
RestakeFi Revamp
The core contributors have been diligently working on key development milestones as well as developing a course of action to bolster the community’s confidence in the protocol.
Here is what to look forward to over the next 45 days:
Development:
- Implemented backend to accurately calculate at each block the restake rewards for each rToken holder (ETA: COMPLETED)
- Implemented dashboard to show rewards for each user (ETA: COMPLETED)
- UX enhancements by adding deposit links to all LP yield farming pools (ETA: COMPLETED)
- Integrating additional LSTs (ETA: Feb 12th)
- RSTK DAO governance mechanisms (voting power wallet, proposal creation and voting) (ETA: March 12th)
- Redesigning staking dashboard to display TVL and EigenLayer points for each rToken market (ETA: Feb 14th)
- RSTK token staking LIVE (ETA: Feb 16th)
- Implementing an accurate EigenLayer points distribution mechanism (ETA: Feb 16th)
- Implementing real yield for RSTK stakers in the form of EigenLayer AVS rewards
Pre-Governance Structure Actions
- We are collaborating with our strategic investors to cut all future inflation. We can confirm the emissions from the strategic sale 1 will be decreased by 33% - an equivalent of 833,000 RSTK.
- Additional token supply burn mechanisms in discussion.
DAO Governance Framework & Initial Proposals
We are formalizing a DAO structure with governance for RSTK stakers. We are looking for experts and loyal community members to join the initial RSTK Council to help define the framework (voting mechanisms, proposing and implementing initiatives, managing funds securely, etc.).
We will also be working closely with the RSTK Council to create initial governance proposals regarding tokenomics revamp and other key proposals that benefit RSTK holders and stakers.
We greatly appreciate our community members that have stood behind us during these times. The community means everything to us and we are fully committed to bouncing back stronger than before.
Two days left to deposit LSDs into Restake Finance to earn boosted yield alongside EigenLayer points
Deposit here: https://t.co/SXF12znvjY
We are finalising a dashboard for you to see live accrued yield, EigenLayer points and total rewards
RSTK Restructuring Plan - in progress
Community
The RSTK team is working around the clock to clarify the situation to the community. From now on we will consult the community with each step of our process, and make sure that all decisions all taken alongside our community.
Restructuring Plan
We are creating a restructuring plan for all RSTK stakeholders, updating everyone with a short-term roadmap.
Staking
We are working on the final steps of RSTK staking, and we plan on distributing real non-inflationary rewards to RSTK holders. RSTK holders will be able to earn boosted yield and a share of the protocol revenue by staking their tokens.
Upcoming unlocks
We are discussing with strategic partners regarding future unlocks and decreasing sell pressure.
Please expect a full plan to be released today.
We will focus on our RSTK holders and maximising their value.
We are here and we are building.
Thank you for your support.
We are live on @eigencloud and all funds have been
restaked with EigenLayer 🔄🥩
Only 3 days left to take advantage of boosted RSTK rewards 🚨
Deposit now: https://t.co/SXF12zo39w
As a DAO, we ultimately listened to our loyal community and came to this decision.
Moving forward, the core team will closely engage with the community members to ensure our partnerships are in the best interest of our community.
While we had high hopes for the Vector Reserve partnership, we’ve listened and appreciated our community's constructive feedback.
We are working hard to ensure VEC aligns with all of our interests.
The next steps are as follows 👇
1. Renegotiating the Vector announcement in a way that accrues value back to RSTK holders
2. Finalising RSTK staking where stakers will be able to earn real yield
3. Working on additional partnerships to boost TVL
4. Increasing RSTK utility
Only 1 hour until @eigencloud deposits open!
Make sure you deposit on our Early queue for boosted rewards from restake: https://t.co/SXF12zo39w
Choose from our integrated LSDs: $stETH, $mETH, $osETH, $sfrxETH 🔄🥩
Do you want points or do you want rewards? 🥩🥔
For every 1 vETH minted on Vector Reserve using $rstETH or $rmETH, you will earn 500 RSTK tokens.
The choice is yours restakers🤝
Let the restaking wars begin! ⚔️
@restakefi’s $rstETH & $rmETH are the next new LRT options for minting vETH 🤝
And for every 1 vETH minted with their LRTs, @restakefi will reward you with 500 RSTK tokens (currently worth ∼$550)💰
Minting & incentives to start within 48hrs
gm Restakers 🥩
Less than 24 hours until @eigencloud deposits open!
This means the Early Queue will be closing even sooner!
Don't forget to deposit for boosted rewards: https://t.co/SXF12zo39w
Be aware of any malicious links! ⚠️
v1.0 utility for RSTK 🥩
➡️Staking RSTK earns you a share in the protocol’s revenue
➡️Holding RSTK to participate in Restake Finance governance
➡️Staking boosts EigenLayer native yields
➡️Providing RSTK liquidity will provide additional yield boosts 🔥