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Lucas Manuel ⚡️
@lucas-manuel
Question: How does restaking work with LSTs? For example Renzo makes sense to me with ETH, ETH => Renzo => grouped into 32 and restaked. But how does it work with wstETH? Is it just converted to ETH under the hood or is there some sort of setup where @lidofinance itself is restaking with their validators?
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Eigenhub
@eigenhub
There is no conversion necessary as Lido has already staked your eth. As a node operator, I accept your LST and we both sign an EL contract giving EL control over our withdrawal credentials based on slashing conditions. I act as your ELvalidator now. The AVS gets econ security from us both through withdraw control.
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Salex
@salex
Both models will emerge (eg. Swap out or deposit the LST) but the lido option is not currently happening and I don’t really expect it to
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