Future cap increases will need to be approved by EigenLayer's multisignatory governance system.
EigenLayer gradually increases its liquid staking token cap before initiating a global pause in order to"enable a more extensive network of users to actively participate in restaking endeavors,"The protocol allows those staking ETH to restake those assets by depositing liquid staking tokens including lido stETH , rocket pool ETH and coinbase-wrapped staked ETH .
Restaking is a method of obtaining additional rewards on ETH that are staked on the main Ethereum blockchain. Users are required to stake 32 ETH to become network validators - or entities that supply computing resources to a blockchain for processing transactions. All future LST cap increases will be determined by a governance process that needs to be approved by EigenLayer's multisignatory governance system.
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