Stader Labs plans to launch the Ethereum liquid staking token rsETH

ChainCatcher news, according to Blockworks, Stader Labs co-founder Dheeraj Borra stated that they plan to launch the Ethereum liquid staking re-staking token rsETH in the coming weeks. With rsETH, users can "re-stake" liquid staking tokens across multiple different networks, such as Coinbase's cbETH, Lido's stETH, and Rocket Pool's rETH, and mint a liquid token to represent their share in the re-staking contract.

Borra claims that Stader's rsETH is built on the Ethereum re-staking protocol EigenLayer, aimed at simplifying entry into the re-staking ecosystem.