Omnichain LRTs
Last updated
Last updated
Layerless LRTs are Omnichain. Using as the cross-chain messaging protocol, it's possible to transfer LRTs between supported by Layerless blockchains. Ultimately, by combining it with the feature as well as the functionality, we're taking EigenLayer and restaking beyond Ethereum.
Bridge LRT between chains.
Use bridged LRTs in various DeFi protocols across many chains. Using LRTs on cheaper to use blockchains (e.g. Arbitrum, Optimism, and other L2s), increases the LRTfi accessibility and its TAM.
Even if a user holds and uses the Omnichain LRT beyond Ethereum (e.g. Arbitrum), it'll still be eligible to claim all Layerless's EigenLayer restaking rewards from this period on Ethereum. The only thing necessary to claim the rewards is to bridge your LRTs back to Ethereum where EigenLayer distributes its restaking rewards.
The abovementioned mechanism works even if you've obtained (e.g. bought) the LRT on another chain (a user doesn't have to be the one who initially bridged the tokens).
Full cross-chain composability: even if a user bridged LRTs between multiple chains in a streak (e.g. Ethereum -> Arbitrum -> Optimism -> Base -> Ethereum), it's still fully supported.