EigenLayer’s mainnet is now live, introducing the first-ever implementation of restaking on Ethereum. This launch enables ETH stakers to secure additional protocols with their staked assets, opening up new avenues for earning rewards. 

What’s Happening?

As of April 9th, 2024, you can now delegate your restaked ETH to specific operators on EigenLayer mainnet. Figment is live as a mainnet operator and has been participating in the EigenLayer ecosystem since early in its testnet. 

You can create your EigenPod and restake Ethereum validators in the Figment app today. To delegate to our operator, visit this page and click “Delegate”. We will support delegation in the Figment app soon.

Previously, ETH and ETH LST holders could restake on mainnet more broadly (see previous announcement here). Now you can choose to stake with Figment directly, a top institutional-grade staking infrastructure. 

Figment has been closely involved with EigenLayer, demonstrating its commitment to fostering advancements in the Ethereum ecosystem. Figment’s engagement ranges from being an active member of the operator working group to testing EigenLayer and its first Actively Validated Service (AVS), EigenDA. Figment’s cautious approach, emphasizing safety and risk-adjusted rewards, aligns with its philosophy of providing a transparent and stable restaking service. 

The information herein is being provided to you for general informational purposes only. It is not intended to be, nor should it be relied upon as, legal, business, tax or investment advice. Figment undertakes no obligation to update the information herein.