EigenFi Enables Unstaking Option for LST Stakers

IconCrypto News Terminal25 Apr, 2024

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EigenFi Enables Unstaking Option for LST Stakers

EigenFi, a renowned liquid staking protocol, has recently announced via Twitter that it has activated the unstaking function for users who have staked Liquidity Staking Tokens (LSTs) on its platform. This development allows stakers to withdraw their staked assets, providing them with greater flexibility in managing their crypto holdings. It's crucial to note that unstaking LSTs will not result in any additional EigenLayer or EigenFi points. However, points earned prior to unstaking will remain unaffected. EigenFi's move towards enabling unstaking is a significant step in the evolution of liquid staking, offering users more control over their staked assets. Previously on 25 April 2024, EigenFi had officially announced via Twitter that it was "enabling the unstaking option for users who have staked Liquidity Staking Tokens (LSTs) within the platform." It was emphasized that unstaking LSTs would not yield additional EigenLayer or EigenFi points, but the points earned so far would remain intact.

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