floxi sfraxEth vault
Liquid restaking on Fraxtal with additional FXTL rewards on top of restaking yield
Project Description
A staking vault for sfraxEth on fraxtal that restakes on Eigenlayer mainnet. The idea is to redistribute contract earned FXTL rewards to stakers giving added incentives and utility for sfraxEth on fraxtal.
Staker will earn:
- restaking rewards
- FXTL contract rewards
- FXTL EOA rewards
Other eigenlayer strategies can be added.
How it's Made
The project uses scaffold-eth2 for quick prototyping. It consist of two smart contracts, one on L2 (where user deposits go and staking rewards are distributed) and one on L1 (managing eigenlayer staking and eigenlayer reward distribution). User sfraxEth deposits are handled on L2 and then bridged to L1 (using fraxferry). On L1 they are deposited into eigenlayer. rewards are periodically claimed and bridged back to L2 (via standardBridge). L2 contract implements a withdrawal queue to accomodate for eigenlayer withdrawal lock (about 1 month), then unlocks rewards for the user to claim once avilable.
