StakeLayer has announced the launch of its Cross-Chain Restaking Protocol, a solution which offers users the ability to restake their assets across multiple blockchains, including Bitcoin, Ethereum, Solana, TON, and more.
StakeLayer’s native token, $STAKELAYER, is set to debut on Wednesday, October 9th at 2 PM UTC. The team announced on their X page that TGE and the listing of $STAKELAYER will mark a significant milestone for StakeLayer and the broader DeFi community.
StakeLayer introduces a Multichain EigenLayer– a solution that introduces Restaking for Bitcoin, Solana, Ton and other chains users and hopes to advance user interaction onchain.
Similar to the EigenLayer on Ethereum, StakeLayer utilizes a restaking mechanism cross-chain. This enables holders to earn additional rewards on their holdings by participating in Proof-of-Stake activities on various applications.
Pioneering Cross-Chain Restaking Protocol, StakeLayer, Set to Launch $STAKELAYER Token
Potential Impacts of StakeLayer’s Cross-Chain Protocol
About StakeLayer
StakeLayer presents an approach to unlocking new functionalities for Bitcoin, Solana, Ton, introducing a revolutionary EigenLayer on Bitcoin. By introducing multichain restaking, StakeLayer aims to open doors for increased capital efficiency opportunities, potential security benefits, and a wider range of applications built in crypto.
Although the project is in its early stages, StakeLayer’s features are designed to contribute to the future development of the ecosystem and its integration with the evolving DeFi landscape.
ContactSam VidenStakeLayercontact@stakelayer.io
This article was originally published on Chainwire
Source: Cryptocurrency - investing.com
