What is Restaking?

Restaking is a process that allows users to reuse their staked ETH or Liquid Staking Tokens (LSTs) to provide security for additional services on the network. This is facilitated by smart contracts, which enable the delegation of staked assets, thereby extending cryptoeconomic security beyond the primary staking application. Users can restake their tokens to secure multiple services simultaneously, reducing overall capital costs and increasing trust guarantees for individual services.

How Restaking Works

Restaking operates through smart contracts, enabling users to delegate their staked assets to secure multiple services. This reduces overall capital costs while enhancing security for each service. By restaking, users can optimize the use of their staked tokens, ensuring they contribute to the security of various applications on the network.

Restaking Potential for Node Operators

Node operators in the Wirex Pay network benefit from increased rewards and contribute significantly to the network's security and decentralization. Restaking offers a way to maximize the use of staked assets, ensuring node operators can secure multiple services efficiently.

Wirex Pay Restaking

Restaking and dual staking represent significant innovations for Wirex Pay, enhancing security, decentralization, and cost efficiency. These mechanisms ensure robust economic security and adaptability, positioning Wirex Pay as a leader in blockchain payment solutions. By leveraging these innovative staking models, Wirex Pay offers a secure and community-driven network, ready to support the future of decentralized payments. Join the Wirex Pay network and participate in our upcoming mainnet launch and node sale to be part of this exciting journey.