Restaking Vault ETHPrice

(RSTETH)

rstETH is a liquid restaking token that represents ETH or its derivatives, such as wstETH, which have been deposited into a dedicated "Restaking Vault" within the Mellow Protocol. This innovative token allows users to simultaneously earn standard Ethereum staking rewards alongside additional incentives from restaking, all while maintaining the liquidity of their underlying assets. It offers a flexible way to participate in securing multiple networks and accrue benefits.

You can mint rstETH by depositing ETH, WETH, or wstETH directly into the rstETH vault on the Mellow Protocol's official website. Beyond minting, rstETH is also readily available for trading on various decentralized exchanges, including prominent platforms like DODO (on the Ethereum network) and Balancer V3. Additionally, it is listed and tradable on various supported centralized exchange platforms, providing multiple avenues for users to obtain the token.

The withdrawal process for rstETH is structured in two distinct steps. First, you must initiate a withdrawal request through the Mellow Protocol user interface. After submitting your request, there is a necessary waiting period, known as the "withdrawal epoch." Following the completion of this waiting period, which can vary, you are then required to manually claim your assets. The typical timeframe for this entire process ranges from approximately one to seven days, though it can extend up to two weeks, depending on the status and congestion of the underlying Symbiotic withdrawal queue.

The yield for rstETH is structured in layers, offering multiple reward streams. This includes a base yield derived from organic Ethereum staking rewards, primarily through Lido's wstETH. Additionally, holders are positioned to receive future restaking rewards for their role in securing various networks supported by the Symbiotic infrastructure. Beyond these yield components, rstETH participants also actively earn both Mellow Points and Symbiotic Points, with the specific accrual rates for these points subject to variation based on current parameters and seasonal allocations.

Yes, there is a risk of slashing associated with rstETH. Unlike conventional staking, restaking involves dedicating your staked assets to secure additional decentralized services and actively participate in other networks. If a designated node operator, such as P2P.org, fails to perform its duties correctly or engages in malicious activities on any Symbiotic-supported network, a portion of the collateral held within the rstETH vault could be subject to slashing. This mechanism ensures network integrity and penalizes misbehavior.

Yes, rstETH is well-integrated into the broader DeFi ecosystem for advanced strategies, including leverage. It has significant integration with protocols such as Gearbox Protocol. Users have the option to open a "Credit Account" within these platforms, allowing them to borrow assets like wstETH. This borrowed asset can then be re-deposited and converted into more rstETH, effectively creating a recursive loop. This strategy amplifies a user's exposure to Mellow and Symbiotic points, maximizing potential point accumulation through iterative restaking.