Restaking on Symbiotic allows users to enhance blockchain security while earning additional rewards on their wstETH. By participating in Everstake’s Operator Vault, users benefit from secure, transparent, and efficient staking.
This guide will walk you through the restaking process step-by-step, explaining how to use wstETH, deposit into Everstake’s Operator Vault, and maximize your staking rewards.
What is Symbiotic?
Symbiotic is a modular restaking protocol that enhances shared security across multiple networks. By allowing users to restake assets like wstETH, Symbiotic strengthens blockchain resilience while enabling additional yield opportunities. Find detailed info on Symbiotic in our dedicated article.
Everstake was selected as part of Symbiotic Cohort 0, the initial working group ensuring decentralized network security. As a result, you can now restake your wstETH in Everstake’s Operator Vault to get rewards securely.
What is wstETH?
wstETH (Wrapped Staked ETH) is the wrapped version of Lido’s stETH token. Unlike stETH, which rebases daily, wstETH maintains a fixed balance while accruing value over time. This makes it ideal for DeFi applications like Symbiotic.
By restaking wstETH in Everstake’s vault, you can get additional rewards while securing decentralized networks.
How to Restake wstETH on Symbiotic: Step-by-Step Guide
Restaking on Symbiotic is a straightforward process that allows you to maximize your wstETH yield while contributing to network security. Follow these steps to get started:
Step 1: Visit the Symbiotic App
Go to the Symbiotic platform and navigate to the Vaults section. Locate Everstake’s Operator Vault, where you can deposit your assets.
Step 2: Connect Your Wallet
Click the Connect Wallet button and choose from supported options, including: MetaMask, Rainbow, Coinbase Wallet, WalletConnect, Ledger Live and Trust Wallet.
For this guide, we’ll use MetaMask as an example. Approve the connection request in your wallet.
Step 3: Ensure You Have wstETH
Currently, Everstake’s Operator Vault accepts wstETH deposits.
If you don’t have wstETH, you can swap for it using DeFi platforms.
Step 4: Enter the Deposit Amount
Once you have wstETH in your wallet:
- Specify the amount you wish to deposit.
- Click the MAX button if you want to deposit your entire balance.
- Hit Deposit to proceed.
Step 5: Confirm the Transaction
Your wallet will prompt you to confirm the transaction. Review the details and click Confirm.
Step 6: Finalize the Deposit
Once the transaction is confirmed on-chain:
- A Done button will appear. Click it to complete the process.
- Navigate to the Deposit section to view your staked assets.
Congratulations! You’ve successfully restaked your wstETH with Everstake on Symbiotic.
Why Delegate to Everstake?
Everstake is a trusted validator with a proven track record, serving over 735,000 users across 70+ blockchain networks. As part of Symbiotic Cohort 0, Everstake ensures secure and efficient infrastructure for restaking.
With zero slashing events on Ethereum and a 99.9% uptime, Everstake provides perfect staking. The team has developed innovative solutions, including the first non-custodial, non-liquid pooling solution for Ethereum, and contributes to the security and decentralization of multiple blockchain ecosystems.
Everstake prioritizes transparency, offering real-time staking performance data and detailed analytics. By delegating to Everstake, users benefit from secure infrastructure, continuous monitoring, and a commitment to decentralization.
Last Words
Restaking on Symbiotic with Everstake provides an opportunity to maximize the potential of your wstETH while contributing to the security and decentralization of blockchain networks. Following these simple steps, you can get additional rewards with minimal effort.
Everstake’s trusted infrastructure, zero-slashing history, and high uptime make it a reliable choice for staking. As part of Symbiotic Cohort 0, we are committed to maintaining a secure and efficient environment for restakers.
Start restaking with us and get the most from our staking services.
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