Do I need to hold 32 ETH worth of stETH in order to restake with Affine?
No, you can restake any amount of stETH using ultraETH.
Where does yield on Affine come from?
Currently, staking yield is sourced from ETH validators. As AVSs go live on EigenLayer, Affine will work with the AVSs to ensure maximum airdrops for our users with partnerships.
Who’s running the ETH Validators?
Affine has partnered with several leading operators including P2P.org, InfStone, Luganodes, blockscape, NodeOps, who operate institutional grade nodes on Ethereum, generating Ethereum rewards.
How is the stETH to ultraETH Exchange Rate calculated?
ETH staking rewards and restaking rewards are accrued by the protocol. The summation of rewards and principal stETH amount (subject to slashing) is divided by the total supply of ultraETH, influencing the price of ultraETH.
What can you do with ultraETH?
You can hold ultraETH in your wallet for rewards, trade or provide liquidity on DEXs, and engage in DeFi opportunities as ultraETH integrates into more protocols.
If I swap my ultraETH into other ERC-20 tokens, do I still earn both EigenLayer and Affine points?
No, you need to hold ultraETH to accumulate associated rewards, except when holding LP tokens representing ultraETH. Rewards are tied directly to ultraETH.
Is there slashing risk for any stETH deposited into Affine?
Currently, slashing is not activated on Eigenlayer. Once it activates, ultraETH will be subjected to slashing according to the conditions set by Eigenlayer and the AVSs.
Are ultraETH restakers eligible to receive airdrops from AVSs?
Yes, if Affine users are eligible for AVS airdrops, they will receive the full proceeds. Affine will not address 3rd party airdrop queries in their channels, urging users to inquire in the relevant project channels.
Does EigenLayer have caps on deposits?
There is no cap on deposits.
What are EigenLayer Restaked Points?
These points gauge your contribution to EigenLayer's collective security. More details can be found in EigenLayer's documentation.
Will users earn EigenLayer Restaked Points by restaking stETH?
Yes, Affine allocates 100% of all EigenLayer Restaked Points to users.
How are Restaked Points from EigenLayer distributed?
EigenLayer Points are entirely distributed to ultraETH holders without any fees or use as collateral within Affine.
Does Affine charge fees on EigenLayer Restaked Points?
No, Affine directs 100% of EigenLayer Restaked Points to its users. Note that due to the technical process of native ETH staking, EigenLayer points begin accumulating approximately 24 hours after receiving ultraETH, both for minting and transferring.
When I restake with Affine, will I see my EigenPoints on Eigenlayer directly?
With Affine, your stETH deposits are staked with P2P in batches of 32 ETH and then restaked via EigenPods. Therefore, individual EigenLayer Pt wallet balances cannot be viewed on the EigenLayer Dapp.
Symbiotic FAQ (coming soon)
