In Australia, Beaufort Fiduciaries Pty Ltd (ACN 162 139 871, AFSL No. 545124) provides wholesale clients with access to derivatives where the underlying assets are digital assets. Derivatives are complex, regulated financial products that are difficult to understand and may not be suitable for inexperienced investors. For eligibility, terms and conditions click here. Krak Pay is offered by Bit Trade Australia Pty Ltd (ACN 163 237 634), Authorised Representative of Flexewallet Pty Ltd (AFSL 448066). This information is general in nature and does not take into account your personal objectives, financial situation or needs. You should consider whether it is appropriate for you and read the relevant disclosure documents before making any decision.

Overview of ETH Restaking on Kraken

Last updated: 17 August 2026

The EigenLayer protocol is no longer issuing EIGEN rewards for restaked ETH, you can no longer allocate to ETH Restaking. Existing users will continue earning the staked ETH rate.

What was ETH Restaking?

ETH Restaking, powered by EigenLayer, allowed you to extend cryptoeconomic security to additional applications on the EigenLayer protocol and earn greater rewards on your staked ether (ETH).

The EigenLayer protocol is no longer issuing EIGEN rewards for restaked ETH, you can no longer allocate to ETH Restaking. Existing users will continue earning the staked ETH rate.

Both ETH and EIGEN begin generating rewards immediately after staking, accrue rewards daily, and are paid out to your asset balances on a weekly basis.

ETH restaking has no bonding time, your ETH is restaked and generate rewards immediately. However, it includes an unbonding time before your ETH is unlocked and can be used again.

Unbonding time* for restaking is a minimum of 7 days longer than the unbonding time for unstaking ETH normally, due to EigenLayer's mandatory escrow/holding period.

*Varies depending on network activity. More information can be found in the Staking section.

When you restake ETH that is currently staked in standard staking, it will first undergo an unbonding period on the Ethereum network before being instantly restaked with EigenLayer.

To unstake your restaked ETH, follow these guides:

Additional information

Participating in the staking process is not a risk-free endeavour. Individuals should be aware of the following risks.

  • •

    If you elect to unstake assets subject to an unbonding/escrow period, your assets will not be unstaked and able to be withdrawn or traded until that unbonding/escrow period expires, and you will not continue to accrue rewards during that unbonding period. The market price of staked assets could significantly change by the time the unbonding/escrow period expires and your assets are unstaked, including due to new minting, a hack of the blockchain protocol, or market volatility.

  • •

    We do not guarantee you will earn any reward. Changes to blockchain protocols and network behavior may impact rewards. Future rewards may be less than historical rewards, or even drop to zero.

  • •

    Restaking services could be vulnerable to hacks, a payment could default, or an event known as “slashing” can be triggered by malicious actions or technical errors, resulting in a loss of staked funds and subsequent rewards.

We will compensate you for any slashing penalty and non-payment of applicable restaking rewards, unless this results from your actions, network maintenance or a bug, a hack, and in certain other situations. For a full list of circumstances where we won’t compensate you for slashing penalties, please refer to our Terms of Service.

You retain ownership of restaked assets, restaked assets remain your property while restaked, and title to your restaked assets remains with you at all times and doesn’t transfer to us.

Need more help?