Boost Your ETH Earnings: Kraken Introduces Ethereum Restaking via EigenLayer

Kraken has launched a new feature enabling users to restake their staked Ethereum (ETH) via Eigenlayer, making the complex process more accessible.

This integration allows Kraken users to earn additional rewards by securing decentralized applications (dapps) on Ethereum, with payouts in native tokens or ETH. Previously, restaking required technical expertise, but Kraken’s streamlined interface opens this opportunity to less advanced users.

Staked, Kraken’s subsidiary, will serve as the validator, and users can manage or trade their rewards within Kraken’s platform. However, the service is unavailable in the U.S. and other restricted regions.

Clever Robot News Desk 17^th October 2024