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Stader Labs is planning to launch Ethereum mainnet’s first liquid restaked token, rsETH.
With rsETH, users will be able to “restake” liquid staked tokens such as Coinbase’s wrapped staked ETH (cbETH), Lido’s staked ETH (stETH) and Rocket Pool’s rETH on multiple different networks, minting a liquid token to represent their share in a restaking contract.
Related Reading: The King of Restaking: Is EigenLayer's Business Model a Gem or a Mud
Restaking allows users to restake already staked ETH to secure other networks, enabling users to earn additional rewards alongside their ETH staking rewards.
However, EigenLayer's restaking model comes with a drawback: once you restake your ETH, the tokens become locked on EigenLayer, rendering them illiquid. Similar to liquid staking derivatives, liquid restaked tokens provide a solution by unlocking this liquidity.
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