EigenLayer is a middleware protocol on Ethereum that introduced restaking, which allows users to use their staked ETH across multiple networks and protocols simultaneously. In essence, EigenLayer lets users restake their Liquid Staking Tokens (LSTs) and staked ETH or stake EIGEN with operators to secure Actively Validated Services (AVSs). This means they can earn additional rewards on top of the rewards they already receive for staking ETH.
This simple step-by-step guide will tell you how to get and track your rewards on EigenLayer.
What are AVS Rewards?
AVS rewards are incentives given to participants in the EigenLayer ecosystem. These rewards are designed to compensate both operators and stakers involved in securing AVSs operations.
- Stakers receive rewards in return for their capital, which includes restaked ETH and LST, as well as staked EIGEN tokens. These rewards are provided as compensation for securing the AVS and contributing to its overall stability and security.
- Operators earn a fee for providing infrastructure and servicing the AVS. This fee compensates them for the operational costs and efforts of managing the AVSs.
To receive AVS rewards, you must have delegated your restaked assets to an operator that services the AVS providing the rewards. You can learn more on the detailed explanation of AVS rewards and EIGEN programmatic incentives here.
How to claim rewards on EigenLayer?
Obtaining AVS rewards is a new but not complicated process. Without further ado, let’s move on to the first step.
STEP 1: Connect Your Wallet
- Go to EigenLayer App and connect your wallet.
STEP 2: Check Your Dashboard
- In the Dashboard tab, view your restaked balance and asset status.
- On the right side, you’ll see a section with all your claimable rewards.
STEP 3: Claim Your Rewards
- Click on Claim Rewards.
- A pop-up will appear where you can select tokens to claim.
You can choose all tokens or specific ones by ticking the checkboxes on the left.
- Once selected, click on the Claim button.
STEP 4: Confirm the Transaction
- Confirm the claim transaction in your wallet. Please note that the transaction may take some time to process.
- Once done, a pop-up will be updated that rewards claimed successfully. That’s all!
- If you go back to the Dashboard, you’ll see that the tokens you have already claimed will no longer appear in the ‘Claimable Rewards’ section. Instead, you will see the rewards still available for you to claim.
How to track upcoming rewards?
Once a week, new rewards are posted to the mainnet contract for stakers to claim.
To check your rewards:
- Open the Dashboard tab.
- In the Restaked Assets section, click on the grey highlight in the Weekly Rewards column.
- In the Your Upcoming Rewards pop-up, you’ll see:
- Estimated weekly APR.
- The date when new rewards will be available for claim.
- Already accrued but not yet claimed rewards (these are available to claim now).
Check this section weekly to claim fresh rewards, as AVSs’ rewards are posted to the contract once a week on the mainnet.
Why choose Everstake?
Everstake is an operator in the EigenLayer restaking ecosystem. We ensure our restakers can secure all available AVSs on the mainnet and receive rewards from them, delegating only to one Everstake operator. We also became one of the first operators servicing early AVSs during the mainnet launch in April-May 2024 and supporting EIGEN staking quorum, ensuring the highest security of the Ethereum network.
Everstake is trusted by more than 735K users and manages 77+ blockchains with professional-grade security, stability, and customer care. We offer a fixed 10% operator commission, set by EigenLayer.
Restake your ETH and LSTs, or stake EIGEN, and delegate with us, enjoying our high reliability and performance while supporting AVSs. Our team knows how eagerly awaited the AVS rewards on EigenLayer are, and we want to ensure the process is as straightforward to understand.
To learn more about it, check out our Everstake Blog, which contains tutorials, announcements, and more. Delegate your restaked assets with Everstake as we strive to offer the best restaking experience.
Conclusion
EigenLayer’s innovative protocol allows you to get additional rewards on top of your existing ETH staking returns. Claiming your rewards is easy and takes four simple steps:
- Connect Your Wallet: Access EigenLayer App and connect your wallet.
- Check Your Dashboard: View your restaked assets and available rewards.
- Claim Your Rewards: Select and claim your rewards from the available tokens.
- Confirm the Transaction: Verify and confirm the transaction in your wallet.
Rewards are posted weekly, so check your Dashboard regularly to track and claim new rewards.
For those seeking a reliable operator, Everstake is a trusted partner in the EigenLayer ecosystem. With a solid reputation and professional-grade services, Everstake offers a seamless restaking experience, including a fixed 10% operator commission and comprehensive support.
Enjoy your rewards with us at EigenLayer, and restake wisely to secure your assets! Follow @eth_everstake on X for the latest updates, and stay tuned for our detailed guides.
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