Have anyone tried restaking ETH?

[ABCbits]

In past few months, i hear more people talking about restaking ETH. The concept already exist for some time, but it's getting popular since EigenLayer is initially announced. With ETH staking rate slowly decrease (currently about 3%), restaking becoming more attractive to earn more money passively. But i have hard time finding accurate information, especially about APY rate. So have anyone tried restaking ETH? If yes, can you share your experience with us?

[rdluffy]

I don't have the numbers, but I suspect most of people who are restaking ETH are trying to get a good airdrop
Eigen, Swell, Renzo, Etherfi etc

I'm using mostly Renzo, and my reason was to get an airdrop too, I'm not interested to get the APY to be honest 

[ABCbits]

I don't have the numbers, but I suspect most of people who are restaking ETH are trying to get a good airdrop
Eigen, Swell, Renzo, Etherfi etc

I'm using mostly Renzo, and my reason was to get an airdrop too, I'm not interested to get the APY to be honest 

I intentionally didn't mention it, but it's not surprising you also think the airdrop is more attractive than promised APY. I'm not really interested with the airdrop though, since it demands some time and risk being a new protocol/service. But do you think Renzo airdrop is worth your time? I remember i saw few negative news about it few months ago.

[rdluffy]

...

I intentionally didn't mention it, but it's not surprising you also think the airdrop is more attractive than promised APY. I'm not really interested with the airdrop though, since it demands some time and risk being a new protocol/service. But do you think Renzo airdrop is worth your time? I remember i saw few negative news about it few months ago.

Haha, it's hard to talk about restaking without airdrops 
I think I got 50 to 70 USD total from Renzo+Eigen

In my opinion it would be better to invest in another projects to receive a better airdrop, but the money I received is way better than APY, I invested less than 1 ETH in total, so I know it's not a huge amount of money

[Azharul]

In past few months, i hear more people talking about restaking ETH. The concept already exist for some time, but it's getting popular since EigenLayer is initially announced. With ETH staking rate slowly decrease (currently about 3%), restaking becoming more attractive to earn more money passively. But i have hard time finding accurate information, especially about APY rate. So have anyone tried restaking ETH? If yes, can you share your experience with us?

We know that ethereum is the second position crypto in cryptocurrency world. So i also believe that ethereum achieve it’s popularity huge in cryptocurrency market. We know that ethereum restacking will be best profitable for us. Because if we follow in cryptocurrency market, we can see that within bitcoin, it’s price is high level than others crypto currency. So i think that restacking will be more profitable for us. So i am also expect that for earn more profit, i will be restacking ethereum within a short time.

[ABCbits]

--snip--
I think I got 50 to 70 USD total from Renzo+Eigen
--snip--

It's better than i initially expect.

In past few months, i hear more people talking about restaking ETH. The concept already exist for some time, but it's getting popular since EigenLayer is initially announced. With ETH staking rate slowly decrease (currently about 3%), restaking becoming more attractive to earn more money passively. But i have hard time finding accurate information, especially about APY rate. So have anyone tried restaking ETH? If yes, can you share your experience with us?

We know that ethereum is the second position crypto in cryptocurrency world. So i also believe that ethereum achieve it’s popularity huge in cryptocurrency market. We know that ethereum restacking will be best profitable for us. Because if we follow in cryptocurrency market, we can see that within bitcoin, it’s price is high level than others crypto currency. So i think that restacking will be more profitable for us. So i am also expect that for earn more profit, i will be restacking ethereum within a short time.

I have few questions,
1. Why do you think ETH restaking will be best profitable for us? After all, i can't even APY number where some website state either 0% or very high %.
2. Since you plan to restaking your ETH, which service, wallet or platform you'll use?

[lombok]

In past few months, i hear more people talking about restaking ETH. The concept already exist for some time, but it's getting popular since EigenLayer is initially announced. With ETH staking rate slowly decrease (currently about 3%), restaking becoming more attractive to earn more money passively. But i have hard time finding accurate information, especially about APY rate. So have anyone tried restaking ETH? If yes, can you share your experience with us?

We know that ethereum is the second position crypto in cryptocurrency world. So i also believe that ethereum achieve it’s popularity huge in cryptocurrency market. We know that ethereum restacking will be best profitable for us. Because if we follow in cryptocurrency market, we can see that within bitcoin, it’s price is high level than others crypto currency. So i think that restacking will be more profitable for us. So i am also expect that for earn more profit, i will be restacking ethereum within a short time.

We both acknowledge that Ethereum is, today, one of the most valuable cryptocurrencies in the world – the second one – and it only gains more and more popularity every year. Taking into consideration the activity of the crypto market, Ethereum’s re-arrangement can be really lucrative in this case, especially taking into consideration the high frequency of the value changes. In contrast to Bitcoin, which costs considerably more, Ethereum offers a good chance to make much greater profits. If we track the market trend closely this re-arrangement just may prove to be beneficial in terms of profits. If we take this step in the near future then it will unlock further possibilities in our crypto investment.

[joniboini]

Taking into consideration the activity of the crypto market, Ethereum’s re-arrangement can be really lucrative in this case, especially taking into consideration the high frequency of the value changes. In contrast to Bitcoin, which costs considerably more, Ethereum offers a good chance to make much greater profits.

Is re-arrangement the same thing as restaking? Are you suggesting that re-staking is a good option because ETH prices fluctuate highly, hence why it's easier to gain profit because Bitcoin is more expensive so it's hard to gain passive income? I don't think Bitcoin or ETH price will influence the return that much tho. I don't think using this to choose ETH over Bitcoin is also a good reason. I believe network activity is probably a higher factor that affect how much you get from staking your ETH. CMIIW.

[bounceback]

In my opinion, restaking ethereum for APY reward earning not profitable yet including many top exchange market have lower APY reward but if you want restaking for earning ability get qualify on airdrop is worth it. Just have spend many ethereum on several kinds platform with large opportunity to earn or qualify at airdrop later.
Usually many new platform not announce yet firstly criteria for qualifying airdrop but not problem as holding better staking ethereum and checking which one most potential side will allocated airdrop for Ethereum staking. I have any amount of Ethereum keep hold it until right now after buying at higher price and still looking for best staking side offering airdrop reward one day later.

[rdluffy]

...
Usually many new platform not announce yet firstly criteria for qualifying airdrop but not problem as holding better staking ethereum and checking which one most potential side will allocated airdrop for Ethereum staking...

Usually, airdrops of staking plataforms only requires you to stake some ETH and that's it
Like Swell, Renzo, Etherfi, Eigen...
The sad part is that you have to put some good amount of ETH to stake, otherwise you can get dust if airdrop is linear

[libert19]

...
Usually many new platform not announce yet firstly criteria for qualifying airdrop but not problem as holding better staking ethereum and checking which one most potential side will allocated airdrop for Ethereum staking...

Usually, airdrops of staking plataforms only requires you to stake some ETH and that's it
Like Swell, Renzo, Etherfi, Eigen...
The sad part is that you have to put some good amount of ETH to stake, otherwise you can get dust if airdrop is linear

I farmed Swell with good money and still the airdrop has been dust, lol. Only good thing good about this 'park your money' projects is your capital remains intact and you withdraw it at end of the day.

[royalRitta]

...
Usually many new platform not announce yet firstly criteria for qualifying airdrop but not problem as holding better staking ethereum and checking which one most potential side will allocated airdrop for Ethereum staking...

Usually, airdrops of staking plataforms only requires you to stake some ETH and that's it
Like Swell, Renzo, Etherfi, Eigen...
The sad part is that you have to put some good amount of ETH to stake, otherwise you can get dust if airdrop is linear

I farmed Swell with good money and still the airdrop has been dust, lol. Only good thing good about this 'park your money' projects is your capital remains intact and you withdraw it at end of the day.

..If the project is credible, that is 

[rdluffy]

...
Usually many new platform not announce yet firstly criteria for qualifying airdrop but not problem as holding better staking ethereum and checking which one most potential side will allocated airdrop for Ethereum staking...

Usually, airdrops of staking plataforms only requires you to stake some ETH and that's it
Like Swell, Renzo, Etherfi, Eigen...
The sad part is that you have to put some good amount of ETH to stake, otherwise you can get dust if airdrop is linear

I farmed Swell with good money and still the airdrop has been dust, lol. Only good thing good about this 'park your money' projects is your capital remains intact and you withdraw it at end of the day.

I didn't farm swell, but I thought it was good airdrop for stakers
Instead of swell, I farmed Renzo trying to achieve a good amount of Eigen points, but it was almost dust for me too

At least did you get EigenLayer airdrop?

[libert19]

...
Usually many new platform not announce yet firstly criteria for qualifying airdrop but not problem as holding better staking ethereum and checking which one most potential side will allocated airdrop for Ethereum staking...

Usually, airdrops of staking plataforms only requires you to stake some ETH and that's it
Like Swell, Renzo, Etherfi, Eigen...
The sad part is that you have to put some good amount of ETH to stake, otherwise you can get dust if airdrop is linear

I farmed Swell with good money and still the airdrop has been dust, lol. Only good thing good about this 'park your money' projects is your capital remains intact and you withdraw it at end of the day.

I didn't farm swell, but I thought it was good airdrop for stakers

Swell do have more rewards pipelined for those who are continuing to stake and those who were identified as sybils — their allocations will be distributed back to genuine users. So, it could get better than it is now.

At least did you get EigenLayer airdrop?

Yes I did.

[rdluffy]

...
Swell do have more rewards pipelined for those who are continuing to stake and those who were identified as sybils — their allocations will be distributed back to genuine users. So, it could get better than it is now.
...

This is good, maybe you'll get a good amount in the end, because there's tons of sybils farming airdrops

Eigen 1st season was very good because everyone eligible received at least 100 Eigen tokens, at least 300 USD, but I only got a few tokens in Season 2 because of Renzo
So, it wasn't good enough for me hehehe