Buy Restake Finance (RSTK)
What is Restake Finance?
Restake Finance is a decentralised finance (DeFi) protocol that transforms the approach to yield farming and liquid staking. It offers a unique solution for maximising rewards through the power of liquid staking tokens (LSTs). Specifically designed for EigenLayer, it enables users to earn both Ethereum staking rewards and EigenLayer native rewards without the need to lock assets .
How does Restake Finance work?
Restake Finance operates on the Ethereum blockchain, utilising its Proof of Stake (PoS) consensus mechanism. Integrated with EigenLayer, it allows the reuse of ETH staked on the Ethereum beacon chain to secure new protocols. Through the concept of rehypothecation in DeFi, it enables the use of LSTs as cryptoeconomic security. The protocol uses DAO-controlled smart contracts to facilitate earning on Ethereum while managing the staking process. Users deposit LSTs like stETH and receive rstETH, fully backed and tradeable .
What are the potential use cases for Restake Finance?
- Liquid Staking for EigenLayer: Enables users to deposit LSTs and earn both Ethereum and EigenLayer rewards without asset lock-up .
- DeFi Yield Farming: Users can maximise rewards across DeFi platforms while accruing EigenLayer restaking points .
- Governance Participation: RSTK token holders can participate in governance decisions and benefit from the protocol's earnings .
What is the history of Restake Finance?
The exact founding details of Restake Finance are not explicitly mentioned, but it is governed by a DAO. The protocol aligns with the community's interests through this decentralised framework . Notable milestones include the launch of EigenLayer's mainnet in June 2023, which catalysed Restake Finance's development as a modular liquid staking protocol. Audits by OpenZeppelin have ensured its security, and partnerships, such as with Ankr Staking, have expanded its ecosystem .
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Frequently Asked Questions (FAQs)
What is the current price of Restake Finance (RSTK)?
The Restake Finance price is $0.02071035 AUD, representing a +2.47% from the day prior.
Where is the best place to buy Restake Finance (RSTK) in Australia?
The best place to buy Restake Finance (RSTK) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Restake Finance (RSTK) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Restake Finance (RSTK)?
The trading volume of Restake Finance (RSTK) is $414 AUD in the last 24hrs, representing a +2.47% from the day prior.
How can I buy Restake Finance (RSTK)?
Restake Finance (RSTK) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Restake Finance (RSTK)?
The current market cap of Restake Finance (RSTK) is $768.4K AUD.
Can I convert Restake Finance (RSTK) to cash?
Yes - With Coinstash you can convert your Restake Finance (RSTK) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Restake Finance (RSTK) are there?
The current circulating supply of Restake Finance (RSTK) is 38.3M.
Is Coinstash a safe place to buy Restake Finance (RSTK) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Restake Finance (RSTK) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.