NodeOps Brings Restake & Earn Program to Commemorate EigenLayer Partnership

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NodeOps

4/23/2024

NodeOps Brings Restake & Earn Program to Commemorate EigenLayer Partnership

NodeOps is now an active operator on EigenLayer - a protocol on Ethereum that adds an unprecedented layer of ease and convenience to restaking.

Restaking is basically using your staked crypto to secure another application . In return, you get some rewards on top of your usual staking reward.

NodeOps has some exclusive perks available for the restakers through our Restake & Earn program. You’ll be rewarded simply for choosing to restake, courtesy of the NodeOps and EigenLayer partnership!

It seems we have got your attention, so without further ado, let us tell you some more about said perks.

NodeOps’ Restake & Earn Bonanza

So you know the basics of restaking: you have the power to put your staked ETH or other crypto to use by securing another application - one without a security mechanism or token of its own.

There are obvious reasons for you to do it already - the first layer of crypto staking already gives you rewards, and then there are more rewards emerging out of restaking. It’s a win-win situation.

What if we told you we can triple the fun of staking though?

Your usual crypto exchange may run giveaways based on the frequency and volume of your activities, or reward you based on the number of people you refer to the platform. We have done something similar.

The NodeOps Restake & Earn mechanism involves you delegating your restaked ETH on the NodeOps operator across platforms- such as EigenLayer for example. Just like that, you would be eligible to earn NODE points, along with other rewards!

The NodeOps Restake & Earn program

The NodeOps Restake & Earn program

Tell Us More!

Want more details? You can of course find out after navigating to the Restake & Earn section of our website, but let us give you a comprehensive overview taking EigenLayer as an example:

  • On the EigenLayer website, select the ‘Operators’ option visible at the top of the screen.

    Source| EigenLayer homepage

  • Once on the Operators page, search for and select NodeOps as your operator.

  • Once you connect your wallet and start restaking to any of our registered AVSs, you’re eligible to earn NODE points.

  • All users who delegate to the NodeOps operator on EigenLayer can start accumulating NODE points from their very first day, starting with the one-time registration reward of 100 points.

  • Each delegated ETH token amounts to 10 points per day. The points are turned into rewards like so:

  • Discounts on subscriptions when it comes to deploying nodes on NodeOps

  • NODE tokens, of course, which allow you to reserve your spot for all the future chains/AVSs that collaborate with NodeOps

  • There are more details we expect to unveil soon!

  • But wait, there’s more! Once you delegate to NodeOps on EigenLayer, you will receive a unique referral link to share with your friends and family . Based on the points your referrals earn through restaking, you will earn an additional 10% in points.

An Example for NodeOps Restake & Earn Program on EIgenLayer

Let’s take a look at an example to understand our Restake & Earn program better:

Once you register on the NodeOps Console with your email for the Restake & Earn program, you get a one-time registration reward of 100 points. If you delegate 10 ETH for 90 days, each day would help you accumulate 100 points, amounting to 9,000 points overall.

Further, if you have 3 referral members, you’ll gain a one time reward of 50 points for onboarding each, and earn 1 point per day for each ETH they restake.

Summing Up

Not only do you get to earn the benefits of restaking and additional rewards; when you choose NodeOps as your EigenLayer operator, you have extra benefits that only we exclusively offer. Worried about missing out because you already delegated your restaked ETH to another operator?

Well, you can switch your delegation with complete ease by simply visiting the EigenLayer dashboard and undelegating from your current operator; all that remains then is to delegate to NodeOps by selecting us as your new EigenLayer operator.

Visit NodeOps, now a proud part of EigenLayer, for a simplified infrastructure and one-click node deployment experience curated for developers and users!

FAQs:

  1. How to earn NODE points?

Once you register on the NodeOps Console with your email, you get a one time registration reward of 100 XPs. Further, for each ETH you restake, you earn 10 XPs per day. As a referrer, you earn 50 XPs at once, and the referer reward per ETH every day is 1 XP.

  1. How will points be converted to rewards?

All participants in the prize pool will be rewarded based on their points, so everyone in the community gets to earn.

  1. How to withdraw rewards?

Rewards are to be claimed by the participants once the event ends.

  1. What to do if I delegate to another operator?

Undelegate your stake from that operator, and restake to the NodeOps operator on EigenLayer.