Lightspeed Solana vs Ethereum Restaking | Lucas Bruder & Sreeram Kannan
Jan 24, 2025
Sreeram Kannan, founder of Eigenlayer, and Lucas Bruder, co-founder of JITO, dive deep into the nuances of restaking on Ethereum and Solana. They explore why restaking matters, its differences across platforms, and the concept of economic security in crypto. The duo discusses innovative developments like vault receipt tokens and the implications for decentralized services. They also address common misconceptions, emphasizing the importance of user protection and the evolution of crypto infrastructure.
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EigenLayer's Origin
- EigenLayer started with the thesis of open innovation, enabling anyone to build decentralized services.
- They used restaking as a starting point to onboard stake and build the ecosystem.
Restaking Methods on EigenLayer
- EigenLayer offers two restaking methods: using a liquid staking token or native restaking.
- Native restaking allows users to stake ETH directly without relying on third-party LSTs.
Profitability of Restaking
- Many people deposit into restaking platforms like EigenLayer and Jito, hoping for profitable returns from AVSs/NCNs.
- The question remains whether these decentralized services can generate enough yield to make restaking worthwhile.