Restaking: How to Double Passive Income

[Suba]

When we participate in standard staking we only need to lock/freeze crypto to be able to play a role in validating transactions on a blockchain network, but it will be very different from restaking where the crypto that we have locked and we use again to get additional rewards from other protocols, so it will double your passive income but restaking is a bit more complicated than standard staking.

The restaking mechanism will involve Smart Contract so that one crypto can be delegated to another validator. so your locked crypto can contribute to the performance of the blockchain network and maintain security. One of the well-known platforms for restaking is EigenLayer which is based on the Ethereum blockchain.

 

[monster_masterpiece]

What I know if company allows to restake your earnings=They will run out of funds.
Because there will not anymore any new deposit and they have also other fees.
Majority of them allows staking but paying with a payment processor and send staking earning APR from blockchain so there is always new deposit add to pay ref commission by blockchain network instead of enable restake from earnings. This is by experience.

 

[Suba]

Staking and restaking rewards are not from the platform or organizing company but the rewards come from the blockchain because crypto has acted as a validator.