Kraken exchange has introduced a new restaking feature on its decentralized finance platform EigenLayer, opening up additional yield opportunities for clients outside the United States.

New Opportunities for Non-US Investors

Non-U.S. citizens can now restake their Ethereum on Kraken's platform through EigenLayer, allowing them to utilize new yield-bearing options made possible by blockchain technology.

Participation of EigenLayer and Kraken

EigenLayer and Kraken's subsidiary, Staked, will be the validating entities for restaked ETH. Following EigenLayer integration on October 15, the exchange will provide additional security for Actively Validated Services (AVS), which reward investors with tokens or Ethereum.

Popularity of Liquid Staking

The popularity of liquid staking has sharply increased this year. Data from DeFiLlama reports that the total value locked via liquid staking grew throughout the beginning of 2024, peaking at $15.317 billion on June 6. By October 16, the current value stands at $11.106 billion. It is noted that this feature is available across most of Europe and other regions outside the USA.

Kraken's new restaking feature with EigenLayer opens additional revenue opportunities for non-U.S. users, providing a fresh pathway for enhancing yield through blockchain technology.