Aurora Supports Omnichain Restaking with Allstake

Aurora and Allstake join forces to provide omnichain restaking, utilizing the Rainbow Bridge to facilitate cross-chain interoperability between NEAR and Ethereum.

Restaking in a Nutshell

Restaking, in essence, is a new primitive in crypto-economic security introduced by EigenLayer. It allows users to restake their staked ETH or liquid staking tokens (LST) to bootstrap new proof-of-stake networks and services within the Ethereum ecosystem in return for additional staking yield/rewards. Restaking unlocks a new era of permissionless innovation and free-market governance by reducing developer complexity when building and bootstrapping these networks from scratch.

Unleashing the Power of Meshed Restaking

Allstake extends beyond Ethereum; it builds “verifiable cloud” for the broader crypto landscape, enabling users to natively restake a wide range of assets (LSTs, LRTs, LP tokens, stablecoins, etc.) on multiple chains including NEAR, Solana, Bitcoin, Ethereum, Ton, and more.

Allstake comprises a modular toolkit that includes a programmable multi-asset economic module, a restaking hub for managing restaking logics, a chain signature module for synchronizing states and slashing on other chains, and light clients for trustless verification.

Connecting NEAR and Ethereum with Aurora and the Rainbow Bridge

The Rainbow Bridge allows any information that is cryptographically provable on NEAR and Aurora to be usable in Ethereum contracts and vice versa — including the ability to read the state and schedule calls with callbacks on the other chain.

The Rainbow Bridge's cross-chain messaging capabilities enable Allstake to securely and reliably monitor the users’ stake, delegation, and other messages between Ethereum and NEAR. This integration enables Allstake to streamline operations such as issuing rewards and slashing on Ethereum, optimizing the user experience and lowering the costs. The Rainbow Bridge allows building connectors on top of its light clients and proovers, which can synchronize the amount of delegation received by each operator on Ethereum to Allstake. This data is crucial for calculating seats, rewards, and penalties for the operators of Actively Validated Services (AVS).

The Ethereum ecosystem currently has the largest amount of restakable assets. The integration with Aurora's EVM will allow Allstake to further expand its reach and provide its meshed restaking services to a wider range of EVM-based projects and users.

Allstake is Live!

Allstake’s Phase 0 is live on mainnet, launching with top LST protocols on NEAR, LiNEAR Protocol ($LiNEAR) and MetaPool ($stNEAR). In addition to the ~9% staking yield already earned through NEAR’s PoS staking, users can now earn Allstake Points, creating a unique dual reward opportunity. Users can also join our community campaign to earn additional points (GEMs) to further boost the rewards

Allstake will soon add the support of other chains including Solana, Ethereum, Bitcoin, Ton, and more. This opens up new opportunities for users to access and diversify their restaking portfolio, providing them with higher yields and greater flexibility Restake now!

About Allstake

Allstake pioneers meshed restaking, enabling users to natively restake a wide range of assets (LSTs, LRTs, LP tokens, stablecoins, etc.) on multiple chains including NEAR, Solana, Bitcoin, Ethereum, Ton, and more. By decoupling consensus and execution, Allstake enables trustless scaling, offering enhanced scalability, security, and decentralization.

About Aurora

Aurora is a network of Virtual Chains that combines NEAR’s scalability with powerful infrastructure for the easy deployment of preconfigured blockchains. By integrating a high-performance EVM, the trustless Rainbow Bridge, and advanced Cross Contract Call technology, Aurora goes beyond full Ethereum compatibility, opening the doors to a multichain world.