TechFlow News — Multichain liquid staking platform Stader Labs has launched rsETH, a liquid restaking token, on its testnet, and stated that its mainnet roadmap will be announced soon.
The rsETH token is now live on the testnet. According to its website, total deposits amount to 632 rsETH (approximately $1 million), consisting of 610 stETH and 22 rETH.
rsETH is built on EigenLayer’s restaking protocol, enabling users to stake Ethereum across multiple networks simultaneously—using liquid staking tokens such as Coinbase Wrapped Staked ETH (cbETH), Lido Staked ETH (stETH), and Rocket Pool ETH (rETH)—to validate, enhance security, and expand rewards, according to a statement.
"rsETH is more than just a token; it's an entry point to greater rewards and opportunities in crypto, allowing users to aggregate yields from diverse sources to maximize their holdings," said Dheeraj Borra, co-founder of Stader Labs. "Moreover, rsETH offers flexibility, enabling users to freely convert or adjust their positions while still capturing DeFi yields and supporting the development of multiple network protocols." Liquid staking allows users to earn staking rewards on their underlying assets while unlocking utility and liquidity through liquid staking derivatives across various DeFi applications.
