The new staking API at P2P.org allows users to stake Ethereum and then restake it on EigenLayer directly through their platform.
An Ethereum blockchain validator platform, P2P.org, announced the launch of a new restaking API on May 27. This will increase rewards on decentralized platforms like Eigenlayer.
P2P.org, an Ethereum blockchain validator that offers noncustodial staking tools, is improving staking rewards with new API integration.
“Intermediaries are continually seeking ways to add value for their clients and differentiate their services in a crowded market,” P2P.org CEO Alex Esin said. “With our new Restaking API, we are providing a powerful tool that does just that,” he noted, adding:
“Our clients can now offer their users the ability to easily restake ETH, maximizing their staking rewards and airdrop opportunities directly from their platforms.”
Ethereum staking means participating in validating transactions on the Ethereum network after it switched from a proof-of-work (PoW) to a proof-of-stake (PoS) system in 2022.
Staking of Ethereum is a mechanism of holding or depositing 32 Ethereum to active validator software. After this, you will earn on behalf of your holdings, which you can keep in a wallet, exchange, or staking tool.
While doing Ethereum restaking, users can take their staked ETH and use it to stake on another Ethereum protocol simultaneously. This enhances security for more applications on the network.
Ethereum restaking was first introduced by Eigenlayer in April 2024.
P2P.org’s new Restaking API platform offers various rewards, including staking and restaking rewards, future EigenLayer rewards, Secret Shared Validator incentives, and expected Actively Validated Services airdrops, all available through a single integration.
In 2023, Vitalik Buterin, the co-founder of Ethereum, cautioned that these staking protocols could expose the blockchain to risk.
