Superposition LRTs

Layerless LRTs are fully composable with third-party contracts without affecting the Reward-bearing feature.

Depositing your Layerless LRTs in third-party contracts won't affect your rewards.

We only consider Restaked Tokens truly Liquid (LRT) if a bearing user can use it and still earn restaking rewards, especially while locking in various DeFi protocols - for example, being an LP or using it as lending collateral.

Holding Layerless LRTs equals being an EigenLayer restaker. Every holder earns restaking rewards by purely holding an LRT. This architecture won't negatively impact users' rewards in a situation when a user technically stops being a holder due to depositing/locking the tokens in an external contract. Layerless makes sure to still consider such a user as a restaker (and not the receiving contract, who is now the holder, itself) - we call this LRT feature a Superposition.

Consider the following scenario:

1. A user restakes 1 rETH and obtains, for example, 0.99 lrETH.

2. The user decides to hold half of it in a wallet and use (deposit) the other half as lending collateral in a third-party protocol.

3. After 365 days, the user decides to claim all the collected EigenLayer restaking rewards. Layerless protocol "knows" that the user has been restaking all the 0.99 lrETH (while technically holding only half of it in the meantime while the other half was locked under a different address).

The Superposition feature was developed to ensure that our LRTs are truly composable and can be integrated with third-party protocols making it a superior LRTfi building block.