Native Restaking on L2
In collaboration with Connext Network, Zentura Protocol is bringing cross-chain Native Restaking to layer 2 networks.
ETH/wETH holders can now restake on leading layer 2 chains partnered with Zentura, enhancing liquidity and accessibility, while mitigating the complexities associated with traditional restaking methods. In the future, Zentura with Connext will also support LST restaking on layer 2s.
Zentura's integration with Connext and Chainlink's Cross-Chain Interoperability Protocol (CCIP) facilitates true cross-chain Native Restaking, ensuring a seamless user experience.
Here's how it works:
User Interaction: Initiate the process by sending ETH/wETH into the xZenturaDeposit contract on L2
Minting $ZEN: The xZenturaDeposit contract mints $ZEN tokens and converts ETH/wETH deposits into nextETH.
Distribution to User: The minted $ZEN tokens are sent back to the user.
Bridge Trigger: Periodically, the xZenturaDeposit contract triggers a bridge transaction through Connext. This action sends all deposited ETH/wETH to the xZenturaBridge contract on Ethereum mainnet.
Bridge Deposit: The xZenturaBridge contract's bridgeDeposit() function unwraps the received nextWETH to ETH and deposits it into the RestakeManager.
Wrapping $ZEN: The RestakeManager then sends the minted $ZEN tokens to the Lockbox contract to be wrapped.
Minting $ZEN: The Lockbox contract mints $zenETH tokens on the layer 2 in exchange for $ZEN on the layer 1.
Burning $ZEN: The xZenturaBridge contract receives the $ZEN tokens and burns them.
CCIP Integration: Periodically, the xZenturaBridge sends the current price of $ZEN to ETH using Chainlink's CCIP. This ensures up-to-date pricing information for the $ZEN token.
Cost Breakdown for Cross-Chain Native Restaking with Connext
Gas to Run Tx
Bridge Fee
Bridge Gas Fee
Slippage to Convert
Variable
5 basis points
5 basis points
Variable %
Example: User deposits 1 ETH, slippage is incurred to convert the ETH/wETH to nextWETH. A fee of 0.0005 ETH (5 basis points) is deducted to pay bridge fee. An additional 5 basis points bridge gas fee or .0005 ETH will be deducted, this fee is used to pay the bridging gas fees to deposit on the L1.
Deposits may experience slippage, calculated based on the quantity of ETH or wETH deposited into the bridge deposit contract. Gas savings may cover the entirety of the slippage amount, depending on the deposit amount.
Native Restaking Benefits
Simplified User Experience: Native restaking eliminates the complexities associated with managing bridge transactions and fees, offering users a streamlined and user-friendly staking experience.
Lower Transaction Costs: By restaking directly from layer 2 networks or EVM-compatible layer 1 chains, users benefit from significantly lower transaction costs compared to traditional Ethereum mainnet transactions, enhancing accessibility and participation.
Restake Now!
Experience cost efficient native cross-chain restaking on Zentura, powered by Connext.
Chain
Bridge Link
Smart Contracts
Arbitrum
https://bridge.connext.network/ZEN-from-ethereum-to-arbitrum
Arbitrum <> Connext
Base
https://bridge.connext.network/ZEN-from-ethereum-to-base
Base <> Connext
Blast
https://bridge.connext.network/ZEN-from-ethereum-to-blast
Blast <> Connext
BNB Chain
https://bridge.connext.network/ZEN-from-ethereum-to-binance
BNB Chain <> Connext
Mode
https://bridge.connext.network/ZEN-from-ethereum-to-mode
Mode <> Connext
Linea
https://bridge.connext.network/ZEN-from-ethereum-to-linea
Linea <> Connext
About Connext
Connext is a modular interoperability protocol for securely passing funds and data between chains. Developers can use Connext to build cross-chain apps that interact with multiple blockchains or rollups simultaneously. Connext is built with three core design principles: modularity, security, and simplicity. Using Connext, developers can create web3 applications that securely interact with users, tokens, and other applications on any chain.
Learn more about Connext Network: Connext Website
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