L2 Native Staking
What is native L2 re-staking?
Native L2 restaking allows you to take your L2 ETH and mint weETH directly on a L2, instantly!
The native restaking is powered by LayerZero, and weETH on the supported L2's now adopts the OFT Standard which allows you to seamlessly move your weETH across XYZ chains, read more about that here.
Previously, if you had ETH on an L2, like Blast or Mode, and you'd want to mint weETH, you would have to mint eETH on a L1, wrap it into weETH, and then bridge the weETH from L1 to L2. Using LayerZero's OApp standard enables a much improved user experience and allows for instant minting on the L2 directly.
Using this standard also allows for a more seemless bridging experience of weETH across all L2's.
Supported L2's for Native Restaking
We currently support the following L2's:
Support will follow shortly for many more!
Mode - switching over to the new weETH
Previously we deployed a weETH implementation to the Mode network via the canonical bridge, you can find that contract here. This means that there will be two weETH implementations on the Mode network for a short time. The new implementation of weETH will be named weETH (mode eETH) and the contract is deployed here.
We recommend switching from the previous weETH to weETH (mode eETH):
Recommended: Transfer and swap your old weETH for the new on Kim Exchange. š Full how-to guide provided by Kim Exchange
Alternatively, you can:
Bridge your weETH back to mainnet from Mode here. Note that there is a 7 day withdrawal window through this method, and points are not tracked during that window.
Once on mainnet, the weETH can then be bridged back to Mode through Stargate.Finance have new weETH
Arbitrum migration
We currently have a weETH implementation live on Arbitrum, deployed through the Arbitrum canonical bridge. This will continue serve as the primary source of weETH until the migration later in June when the 26 June pendle pool expires. See existing walkthrough for Arbitrum bridging here.
Rate limiting
Currently we have a rate limit in place as we roll this out, since we want to ensure we have control over the amount of weETH/ETH being natively minted for protocol security. The current cap is 1000 ETH.
Audits
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