Introduction

Rest Easy with Ethereum Liquid Restaking 💤💤

Rest Finance introduces restETH, a liquid derivative of EigenLayer-restaked ETH. Our platform revolutionizes how users interact with Ethereum staking, offering the ability to earn restaking rewards without the need for self-hosted infrastructure or imposed illiquidity on user assets. Rest is further supported by the REST governance and utility token.

At the heart of our system is EigenLayer, a powerful set of smart contracts on the Ethereum network. EigenLayer enhances the Ethereum ecosystem by enabling consensus layer ETH stakers to participate in the validation of new software modules. This integration maintains Ethereum's status as a premier blockchain for transactions and wealth storage whilst strengthening its security infrastructure.

While opting into EigenLayer allows stakers to potentially earn higher returns, it also introduces specific trade-offs. One significant limitation is the lack of liquidity in EigenLayer's restaked ether, restricting its use across DeFi applications. This is where Rest's liquid restaking protocol comes into play, offering a solution to these challenges.

By depositing EigenLayer-approved LSTs (like stETH, cbETH, or rETH) into Rest's smart contracts, users receive restETH - an ERC20 token that represents restaked ether. This approach ensures that while the underlying assets are securely staked within EigenLayer, restETH remains fully transferable and liquid, free from the typical limitations of natively restaked ether.

Our innovative Algorithmic Collateral Management (ACM) ensures deep liquidity and a stable peg for restETH. Whilst our community of dedicated contributors is constantly striving to expand the utility of restETH. We aim to integrate it across a wide range of DeFi protocols, enabling its use as a lendable asset, a margin for perpetual futures, a pair token for decentralized exchanges, and much more.