Developer Knowledge Hub

Crosschain Restaking

Everclear powers restaking from any chain. Let’s have a look how this is done.

Restaking’s Potential is Locked

Why Restaking is not Efficient at the Moment

Currently, restaking is mainly happening on Ethereum mainnet, confronting restakers with high gas fees. The restriction to mainnet also diverges from the vision of Ethereum for a decentralized future.

Restaking Restrictions

High Gas Fees

Restaking on Ethereum incurrs high gas fees and is not cost-efficient, especially for smaller amounts.

Liquidity Drain

Restaking on Ethereum requires users to move assets back to Ethereum, draining L2s and L3s.

Complexity

Without the option of restaking from any chain, the process is unnecessarily complex.

As a result, restaking on Ethereum mainnet is inconvenient for L2/L3 users and disadvantageous for these ecosystems as TVL is drained from them.

Presently, restaking activity is focused on Ethereum mainnet which is in conflict with Ethereum’s ultimate vision for shifting activity to L2s. Restaking on Ethereum causes significant shifts of funds between L2s and L1 which strongly goes against this goal.

Restaking from Any Chain

Powered by Everclear

Everclear powers dApps to enable crosschain restaking from any L2 without having to bridge back to Ethereum mainnet. This provides users with great benefits in comparison to staking on Ethereum.

Benefits of Restaking on L2s

One-Click Restaking

Everclear powers users to restake with a single click from the chain of their choice

Near-Zero Fees

Restaking on L2s reduces transaction fees to almost zero

Liquidity Retention

Liquidity is retained on L2/L3 networks which aligns with Ethereum's vision for the decentralized future

How Does Crosschain Restaking Work?

Everclear’s “Restake From Anywhere” module simplifies the process of restaking assets and enables restaking across different chains.

Restaking Process (Restricted to Ethereum)

Presently, L2 and L3 users needs to move funds back to Ethereum mainnet in order to restake requiring multiple transactions over different chains. This makes restaking an overly complicated and expensive process.

Sending ETH to mainnet to cover gas fees

Swap assets (if necessary) and bridge to Ethereum's mainnet

Restaking restricted to Ethereum

Restaking Process (via Everclear’s “Restake from Anywhere”)

With the Everclear “Restake From Anywhere” module, this entire process is streamlined into a simple action only requiring one-click. Everclear allows users to restake directly from all supported L2 networks to Ethereum mainnet or across L2s.

One-click restaking from any L2 to any supported chain (Ethereum mainnet and L2s)

The “Restake From Anywhere” module reduces transaction costs, eliminates unnecessary but cost-intense transactions, and helps L2 ecosystems to retain TVL.

Crosschain Restaking in Action

Renzo Protocol: Real-World Application of Crosschain Restaking

Renzo Protocol has integrated Everclear’s “Restake From Anywhere” module to power restaking across blockchains.

What is Renzo Protocol?

Renzo is a restaking protocol with a TVL of over $3.1 billion. As a Liquid Restaking Token (LRT) and Strategy Manager for EigenLayer, Renzo is the interface to the EigenLayer ecosystem securing Actively Validated Services (AVSs) and offering a higher yield than ETH staking.

The partnership between Everclear and Renzo highlights how users can effortlessly restake their assets across chains while participating in DeFi opportunities.

How Crosschain Restaking via Everclear & Renzo Works

Let’s have a look how the process works.

  • 1
    User sends ETH from the L2 of their choice to Renzo
  • 2
    Native ETH is restaked, user instantly receive Renzo’s LRT (ezETH)
  • 3
    The ETH tokens are batched and bridged to Ethereum mainnet and are restaked there.
  • 4
    Everclear’s trust-minimized infra ensures this process is optimized for cost-efficiency and security

Ecosystem

Initiating Crosschain Transaction