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Please provide a clear and comprehensive description of your project and what value it will bring to Taiko's ecosystem
StakeEase simplifies LRTFi participation by creating a single vault backed by a diversified pool of LRTs, represented by sxETH. This vault will give users access to diversified rewards, open up new yield-generating avenues, and reduce LRT fragmentation in the L2s. By allowing single-step wsxETH minting on L2s, StakeEase will allow L2 users to reap the benefits of EigenLayer restaking while keeping their liquidity on the L2 itself.
StakeEase addresses a critical need for a unified and user-friendly restaking solution. By integrating with Taiko, StakeEase offers several key benefits to the community:
Enhanced Yield Opportunities: Taiko users can earn a combination of native ETH staking rewards + EigenLayer restaking rewards + StakeEase rewards by holding wsxETH on Taiko.
Improved Liquidity for Taiko: Users retain liquidity on Taiko by holding wsxETH.
Mutual Growth: By deploying the sxETH solution on Taiko, StakeEase gains exposure to the Taiko community. At the same time, with the promise of additional incentives like StakeEase Points, more restakers on Ethereum will be tempted to bridge their sxETH to Taiko.
What is the name of your project?
StakeEase
What's your name?
Vatsal Gupta
Email
[email protected]
Telegram
vatsalgupta13
Please provide a link to your website, documentation, or project overview
https://stakeease.com/
What is your project's X handle?
https://x.com/stakeease
Project Category
DeFi
Is your project currently live on Taiko mainnet?
Yes
Github Link of your project
https://github.com/stakeease
Please provide a clear and comprehensive description of your project and what value it will bring to Taiko's ecosystem
StakeEase simplifies LRTFi participation by creating a single vault backed by a diversified pool of LRTs, represented by sxETH. This vault will give users access to diversified rewards, open up new yield-generating avenues, and reduce LRT fragmentation in the L2s. By allowing single-step wsxETH minting on L2s, StakeEase will allow L2 users to reap the benefits of EigenLayer restaking while keeping their liquidity on the L2 itself.
StakeEase addresses a critical need for a unified and user-friendly restaking solution. By integrating with Taiko, StakeEase offers several key benefits to the community:
Enhanced Yield Opportunities: Taiko users can earn a combination of native ETH staking rewards + EigenLayer restaking rewards + StakeEase rewards by holding wsxETH on Taiko.
Improved Liquidity for Taiko: Users retain liquidity on Taiko by holding wsxETH.
Mutual Growth: By deploying the sxETH solution on Taiko, StakeEase gains exposure to the Taiko community. At the same time, with the promise of additional incentives like StakeEase Points, more restakers on Ethereum will be tempted to bridge their sxETH to Taiko.
List of other networks you are deployed on
Ethereum
Link to verified contract on Taikoscan
https://taikoscan.io/address/0x5AddA1c1CE78E4c38F51A395de79fBC978dc841D#code
Please share your logo
Please share the twitter handle of your team member who will be participating in our twitter activities.
MickiCrossChain
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