Stader Labs preps liquid restaking token launch

rsETH is currently only available on testnet and claims 800 users


Vladimir Kazakov/Shutterstock modified by Blockworks


In an interview with Blockworks, Stader Labs cofounder Dheeraj Borra said the staking service is planning to launch Ethereum mainnet’s first liquid restaked token, rsETH, in the coming weeks. 

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. 

Restaking, as Borra described, is effectively borrowing the economic security of staked assets. For instance, ether (ETH) staked via Rocket Pool’s rETH could simultaneously be used as a validator for the Ethereum network as well as additional blockchains and applications. 

Read more: Lidos’ wrapped staked ETH is coming to Cosmos

Stader launched rsETH soon after EigenLayer deployed its restaking protocol on Ethereum mainnet. EigenLayer currently accounts for 173,800 ETH restaked, and rsETH will be built on top of EigenLayer.

Borra claims Stader’s rsETH is designed to simplify onboarding to the restaking ecosystem.

With rsETH, users can deposit their liquid-staked ETH tokens to the restaking contract, but also mint liquid rsETH. This means that users can create decentralized exchange liquidity pools that will allow them to enter and exit rsETH positions representing their restaked assets. Currently, no other such liquid token exists for EigenLayer, which additionally has a 7-day withdrawal period. 

The launch of a liquid restaking token could be a boon for the emerging vertical. Liquid staked tokens account for 45.4% of the 27.1 million ETH currently staked. 

“What we hope to do is to provide a space for users to continue getting exposure to staking according to your risk-reward profile, giving users the ability to use their tokens in DeFi and earn and accomplish whatever objectives, effectively the same thing that liquid staking has brought to the market, but this time for restaking,” Borra said.

rsETH contracts have so far only been released on Ethereum testnet as of Sept. 21, with a reported 800 testnet users, Borra said. The product is not yet available on mainnet, but could be in the coming weeks.  

“We are hoping to launch mainnet at the end of October or the first or second week of November, that’s the timeline we’re working towards,” Borra said.

Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.

The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.


Upcoming Events

Salt Lake City, UT

MON - TUES, OCT. 7 - 8, 2023

Blockworks and Bankless in collaboration with buidlbox are excited to announce the second installment of the Permissionless Hackathon – taking place October 7-8 in Salt Lake City, Utah. We’ve partnered with buidlbox to bring together the brightest minds in crypto for […]

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Research Report Cover Vertex.jpg


The proliferation of new perp DEXs has led to fragmented liquidity across various DEXs and chains. Vertex, known for its vertically-integrated DEX that includes spot, perpetual, and integrated money markets, is now tackling cross-chain liquidity fragmentation through horizontal integration with the launch of new Edge instances. Vertex's integrated offerings and cross-margined account structure amplify the benefits of new instances: native cross-chain spot trading, optimized cross-chain basis trading, consistent interest rates, reduced bridging friction, and more.


Partnering with EtherFi and Angle, the fully on-chain perp DEX features bespoke collateral



Gavin Wood introduced the next evolutionary step for the Polkadot network: the Join-Accumulate Machine, or JAM


The side events were the places to be at Consensus 2024, according to attendees


Also, who’s come out swinging in the spot ether ETF fee war — and who could undercut them


I know it is not in their nature, but US regulators could learn a lot by researching the digital asset frameworks that overseas regulators have already gotten right


Also, the ETF hype train can count out at least one member