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P2P.org unveils first Restaking API for ETH, empowers intermediaries with automated staking solutions

P2P.org unveils first Restaking API for ETH, empowers intermediaries with automated staking solutions

Cryptobriefing2024/05/28 14:22
By:Vivian Nguyen

Prominent non-custodial staking entity P2P.org has launched the first-ever Restaking API, a fully automated solution for intermediaries to facilitate Ethereum (ETH) restaking on their platforms.

With this new offering, wallets, exchanges, and custodians can provide a more comprehensive and rewarding service to their end-users. Intermediaries can restake ETH on EigenLayer without complex smart contract integrations as the new API is integrated with P2P.org’s existing Ethereum API, the firm shared in Tuesday’s press release.

The new feature is also expected to reduce development time and enhance security for intermediaries. P2P.org said its API is the only one to offer both staking and restaking functionalities.

According to Alex Esin, CEO of P2P.org, the Restaking API is set to simplify users’ access to staking and restaking rewards.

“Intermediaries are continually seeking ways to add value for their clients and differentiate their services in a crowded market,” Esin noted. “With our new Restaking API, we are providing a powerful tool that does just that. Our clients can now offer their users the ability to easily restake ETH, maximizing their staking rewards and airdrop opportunities directly from their own platforms.”

The Restaking API also capitalizes on P2P.org’s high-performance Ethereum nodes, which ensure fast and reliable service. In addition to staking and restaking rewards, it includes features such as SSV incentives, EigenLayer future rewards, and potential AVS airdrops, all through one integration point.

To celebrate the launch, P2P.org is offering incentives for early adopters, including reduced fees and enhanced support to facilitate smooth integration.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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