TechFlow reports, citing The Block, that crypto liquid staking platform ClayStack has entered the Ethereum restaking space via EigenLayer and is offering reward points to users ahead of its token launch.
ClayStack announced on Monday it is transforming its ether liquid staking token, csETH, into a liquid restaking token. The platform is leveraging Ethereum restaking protocol EigenLayer to deliver this new service.
ClayStack founder and CEO Mohak Agarwal said the company will unveil its token launch plan next month but declined to specify an exact date.
ClayStack currently has approximately $2.25 million in total value locked (TVL). It first launched liquid staking for Polygon's MATIC token in 2022. Then, in September last year, it began offering liquid staking for Ethereum. With today’s announcement, it will now shift its focus toward Ethereum restaking.
