Kraken has launched a new feature that allows its customers to reset ether (ETH) directly on the platform via Eigenlayer. Kraken says the integration makes the relatively complex process of resetting ether more accessible to a wider audience, especially those who have already staked ether on Kraken.
Kraken Introduces ETH Resting to Expand Defi Access
Kraken’s integration with Eigenlayer allows customers to stake ETH on the platform, providing additional opportunities to earn rewards. In a release shared with Bitcoin.com News, this process, which previously required more technical knowledge, is now available through Kraken’s internal interface. Customers can stake their ETH to secure decentralized applications (dapps) on Ethereum, with potential rewards paid in either native tokens or ether (ETH).
Resttaking gained prominence in 2024 as a way to enhance the security of decentralized applications without adding tokens. However, Kraken claims that the feature is primarily used by more advanced users. By introducing this functionality, Kraken believes it opens the door for less technically savvy users to participate in resttaking, using its centralized platform to expand access to decentralized finance (defi).
Kraken's subsidiary, Staked, will act as a validator for the ETH restakes through the platform. Users have the option to hold or trade their rewards within the Kraken ecosystem, adding flexibility for investors. However, Kraken revealed that the service is "not available in the United States and other geographic restrictions apply" to the restake feature.
What do you think about Kraken's resting service? Please share your thoughts and opinions on this topic in the comments section below.
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