Fireblocks Starts Supporting EigenLayer by Offering Restaking Services

Fireblocks, a blockchain security platform, has announced its support for EigenLayer’s EIGEN token and is now offering restaking services on EigenLayer’s Ethereum-based decentralized restaking protocol. This integration allows users to stake their ETH tokens and generate additional rewards without needing to commit more collateral through a process called “restaking.” EigenLayer plans to release its initial EIGEN coin stakedrop round on the 10th of this month. Fireblocks clients who have staked directly with EigenLayer or through Liquid Restaking Tokens can take advantage of this offering for a better experience. EigenLayer allows non-ETH protocols to leverage staked ETH tokens for validation services, similar to how Ethereum uses staked ETH tokens to enhance its ecosystem’s security and integrity. The upcoming EIGEN stakedrop will provide non-transferrable coins, prioritizing utility and security over liquidity. Users staking with Liquidity Restaking Tokens or directly with EigenLayer are eligible to claim $EIGEN tokens during the drop. The restaking process on EigenLayer involves a two-phase procedure, starting with Ethereum-based staking, which can be done through integrations with Kiln and Figment on Fireblocks. Users can also delegate their staked ETH coins to EigenLayer operators through Fireblocks, further contributing to the restaking process. Kiln and Figment serve as staking partners of Fireblocks and provide validation infrastructure for offering operator services on EigenLayer.