Euclid Finance is a liquid restaking solution on top of EigenLayer. EigenLayer is a protocol built on Ethereum that introduces restaking, a new primitive in cryptoeconomic security. This primitive enables the reuse of ETH on the consensus layer. Users that stake ETH natively or with a liquid staking token (LST) can opt-in to EigenLayer smart contracts to restake their ETH or LST and extend cryptoeconomic security to additional applications on the network to earn additional rewards.(Reference: EigenLayer Doc)

Euclid serves both Restakers and Operators(Learn more about Operators).

How Euclid serve the Restakers

Euclid help Restakers easily diversify their position opted in EigenLayer Operators' network, this reduces the single point failure and potential centralization risks;

Moreover, through Euclid Finance, users will receive a liquid wrapper of restaking LST/ETH called elETH. Same as stETH/rETH and many other LST, the restakers will enjoy the multiple benefits:

  • Native ETH staking reward;

  • Restaking reward;

  • DeFi yield opportunities.

How Euclid serve the Operators

Many POS system face the problem of centralization of the stake. Most of the stake concentrated into limited numbers of the top nodes/validators. This will be a potential problem for EigenLayer Operators' Network.

However, Euclid designed an innovative way to build a more permissionless and decentralized Operators' network for EigenLayer and the Restakers. By lowering the entry barriers for Operators, Euclid encourages them joining the network and provide the service.

Besides these, Euclid:

  • Focus on making a Omnichain Restaking Liquid Assets, especially L2s who are always ignored;

  • NGAD (learn about NGAD) member protocol, rapidly leverage DeFi composability and construct the elETH eco.

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