What Restake Finance does

Restake Finance (also branded ReFi) is a decentralized modular liquid restaking protocol built on Ethereum that enables holders of Liquid Staking Tokens (LSTs) such as Lido's stETH to deposit into EigenLayer, mint rstETH (Restaked Ether) at a 1:1 ratio, and earn layered yield while retaining DeFi-compatible liquidity. The protocol launched in September 2023 alongside a USD 500,000 seed round at a USD 5 million post-money valuation, with investors including Alfa Dao, DCDAO, Everstake Capital, and Moni.

The protocol's core technology comprises an ERC-4626-inspired vault mechanism, a rebasing Liquid Restaking Token (rstETH) that accrues yield in real time, and a modular architecture that lets users opt into specific EigenLayer AVS modules with different risk-reward profiles. Integration with Mellow Protocol and Symbiotic supports curated vaults managed by professional risk managers such as Re7 Labs and P2P Validator. Yield is composed of three layers: Ethereum base staking rewards (~3.5% APR), EigenLayer AVS restaking rewards (estimated at 10%+ APY), and protocol-level incentives paid via the RSTK governance token. The protocol is structured as a DAO governed by RSTK holders, with the sRSTK staking mechanism distributing a share of fees to active stakers.

Restake Finance generates revenue through a 10% performance fee on restaking rewards earned via EigenLayer, split evenly between sRSTK stakers (5%) and the DAO treasury (5%); minting and redemption of rstETH are zero-fee. Distribution is fully self-serve via the dApp at restakefinance.com, supported by a content-marketing blog, multilingual site (English, German, French), and DAO governance forums. The target customer is the crypto-native DeFi and Ethereum-staking user base seeking yield maximization without sacrificing asset liquidity, with no enterprise tier or named institutional customers disclosed.

Name

Restake Finance

Website

https://restakefinance.com

Company type

Private

Operating status

Operating

Short description

Restake Finance (ReFi) is a decentralized modular liquid restaking protocol on Ethereum that lets users deposit Lido's stETH, mint rstETH, and earn layered yield via EigenLayer while retaining DeFi liquidity for the crypto-native DeFi and Ethereum-staking user base.

Ownership category

akta.pro rank

Product category

Liquid Restaking Protocol (DeFi)

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Liquid Staking & Restaking Protocols (FSADAMAE)

akta.pro secondary industries

Liquid Staking Tokens (LST) & Liquid Restaking Tokens (LRT) Issuers (FSADAHAI), Restaking & Shared Security Services (FSADAHAH)

Keywords

• Liquid restaking protocol
• EigenLayer restaking
• Liquid Restaking Token
• Ethereum DeFi protocol
• Modular restaking vaults

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Infrastructure, Personnel, Operations, Marketing or Sales

Revenue model

1. Protocol Performance Fee on Restaking Rewards: Restake Finance charges a 10% fee on all restaking rewards earned through EigenLayer. Of this 10% fee, 5% is redistributed to sRSTK stakers (RSTK token holders who stake their tokens), and the remaining 5% goes to the protocol treasury for development and operations. This creates a direct correlation between protocol TVL growth and value accrual to RSTK holders.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Restake Finance is a decentralized modular liquid restaking protocol that allows users to deposit Liquid Staking Tokens such as Lido's stETH to receive rstETH, a rebasing Liquid Restaking Token that earns Ethereum base staking rewards (~3.5% APR), EigenLayer restaking rewards (10%+ APY), and RSTK governance token incentives. The protocol offers customizable opt-in modules for different AVS risk-reward profiles, charges zero minting and redemption fees, and operates as a DAO governed by RSTK token holders.

Product overview

Restake Finance (ReFi) is a decentralized modular liquid restaking protocol built on Ethereum that enables users to earn enhanced yields through EigenLayer restaking while maintaining liquidity. The platform operates through a unified architecture consisting of: (1) rstETH, the flagship Liquid Restaking Token that users receive when depositing LSTs like stETH into the protocol; (2) RSTK, the governance token enabling DAO participation and value accrual; (3) sRSTK, the staked governance token for fee distribution; (4) the ERC-4626-based vault system managing rebasing assets; and (5) the ReFi protocol platform offering customizable opt-in modules with zero minting/redemption fees. Users deposit stETH, receive rstETH at 1:1 ratio, and earn triple-layer yields (Ethereum staking + EigenLayer restaking + protocol incentives) while maintaining full liquidity for DeFi use.

Differentiator

Problem solved

Functional benefit

Brands

• rstETH: Restaked Ether - Liquid Restaking Token (LRT) issued by Restake Finance. A rebasing, yield-bearing token that allows holders to earn EigenLayer native rewards while maintaining liquidity.
• RSTK

Products and services

• rstETH (Restaked Ether) rstETH is a rebasing, yield-bearing Liquid Restaking Token (LRT) that represents a user's restaked position in EigenLayer. Users deposit Liquid Staking Tokens (primarily Lido's stETH) and receive rstETH at a 1:1 ratio. The token continuously accrues Ethereum staking rewards through its rebase mechanism while simultaneously earning EigenLayer AVS restaking rewards, and remains fully liquid and tradeable for use as collateral across DeFi protocols (Aave, Uniswap, Curve, Pendle).
• RSTK Governance Token RSTK is the governance and utility token of the Restake Finance DAO. RSTK holders participate in on-chain governance, voting on protocol parameters including which AVS (Actively Validated Services) to secure and how rewards are distributed, and the token captures protocol-level value through the sRSTK staking mechanism.
• sRSTK (Staked RSTK) sRSTK is the staked form of the RSTK token. Users lock their RSTK as sRSTK to receive 5% of the protocol's 10% performance fee on restaking rewards, providing direct fee-based value accrual to long-term token holders.
• ReFi (Restaking Finance Protocol) ReFi is the core modular liquid restaking protocol platform of Restake Finance. Users deposit LSTs (such as stETH), mint rstETH at 1:1, and participate in EigenLayer restaking through customizable opt-in modules with different risk-reward profiles. The platform features zero minting and zero redeeming fees.
• rstETH Vault The rstETH Vault is an ERC-4626-standard-based vault system used by the ReFi protocol to manage rebasing tokens such as stETH, ensuring that the value of minted rstETH accurately reflects the increasing amount of underlying stETH it represents and supporting the protocol's restaking mechanics.

Quantifiable outcome

• 10%+ APY from EigenLayer restaking rewards
• +3 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature5 records

Partnerships

Three partnerships are on record, tiered core.

• Mellow ProtocolcoreTechnology or IntegrationRestake Finance has partnered with Mellow Protocol to enable curated, risk-adjusted restaking vaults through the 'rstETH Vault' on Mellow. Professional risk managers such as Re7 Labs and P2P Validator create specific vaults with different risk-reward profiles. This partnership is central to Restake Finance's modular approach to liquid restaking.
• SymbioticcoreTechnology or IntegrationRestake Finance is integrated with Symbiotic alongside Mellow Protocol to provide the modular infrastructure for its liquid restaking protocol. This collaboration enables the customization and risk segmentation that differentiates Restake Finance's offering.
• Lido (via Lido Alliance)coreTechnology or IntegrationRestake Finance is a member of the Lido Alliance. As the first modular liquid restaking protocol for EigenLayer, it accepts Lido's stETH as the primary LST input, demonstrating integration with the largest liquid staking ecosystem on Ethereum.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Others

• Mellow Protocol: Mellow is a risk-curated DeFi vault protocol that Restake Finance integrates with to offer modular restaking vaults. It is an enabling infrastructure partner rather than a direct competitor.

Broad incumbents

• Lido: Lido is the dominant liquid staking protocol on Ethereum and the issuer of stETH, which Restake Finance accepts as its primary deposit asset. It is both an ecosystem partner (Lido Alliance) and a broader incumbent in the LST space.
• EigenLayer: EigenLayer is the foundational restaking protocol on Ethereum that Restake Finance builds on. It is the core infrastructure provider whose AVS adoption directly drives Restake Finance's yield thesis.

Direct peers

• EtherFi: EtherFi is one of the largest liquid restaking protocols on EigenLayer, issuing eETH as its LRT. It competes directly with Restake Finance's rstETH for the same crypto-native user base seeking EigenLayer restaking yield.
• Kelp DAO: Kelp DAO issues rsETH, a liquid restaking token backed by restaked ETH. It targets the same DeFi user base as Restake Finance and competes on yield stacking and DeFi composability.
• Puffer Finance: Puffer is an EigenLayer-integrated liquid restaking protocol with native restaking (no LST prerequisite) and anti-slashing technology. It is a direct competitor in the modular restaking and yield stacking category.
• Swell Network: Swell is a liquid staking and restaking protocol that issued swETH and is expanding into EigenLayer restaking. It overlaps with Restake Finance across both LST and LRT product lines.
• Renzo Protocol: Renzo is a leading liquid restaking protocol issuing ezETH, with deep EigenLayer integration and significant TVL. It is a direct competitor in the LRT issuance and restaking yield stacking space.

Emerging players

• Stader: Stader is a multi-chain liquid staking provider (ETHx on Ethereum) that has been expanding into restaking. It is a comparable emerging player in adjacent liquid staking and restaking yield products.
• Mantle (mETH): Mantle's mETH is a liquid staking token with EigenLayer restaking integration. It competes for the same DeFi restaking yield user base while leveraging Mantle's broader L2 ecosystem.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks7 records

Key highlights6 records

Customer concentration

• Xx.com/restakefi

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Restake Finance