Suzaku (Re)staking
For Stakers
Introduction

Introduction to Suzaku (Re)staking for Stakers

Staking

What is staking?

Staking is the process of locking up tokens to secure a blockchain network or protocol and, in return, receive rewards. It is an essential part of Proof-of-Stake (PoS) consensus mechanisms used by many blockchain networks, including Avalanche.

Staking to secure Avalanche L1s is not yet available on Suzaku.

Restaking

What is restaking?

Restaking is the process of using a token already staked on one network or protocol to stake and secure another network or protocol.

For example, Suzaku Restaking allows you to reuse your AVAX staked through LSTs (Liquid Staking Tokens), like BENQI (opens in a new tab)'s sAVAX, to secure Avalanche L1s.

Why restake on Suzaku?

There are several reasons why you might want to restake:

  1. Help new networks grow their security: By restaking, you're helping Avalanche L1s bootstrap their cryptoeconomic security.
  2. Earn extra rewards on your assets: By restaking, you're earning rewards from the Avalanche L1s you're securing, on top of the rewards you're already earning through those assets.
  3. Earn Suzaku points: By restaking, you're earning Suzaku points.

How does restaking work on Suzaku?

The workflow described below will be available in the next release of Suzaku, when the core contracts are deployed. But you can still start restaking and earn Suzaku points now! See the Restaking Guide for more details.

Suzaku is a marketplace connecting different protocol participants: stakers, operators, networks (a.k.a. L1s), and curators. Learn more about the interactions between them here.

Here is how it works for a staker:

  1. The staker deposits their tokens into Suzaku, e.g. 100 sAVAX, and delegates them to a curator.
  2. (Optional) The curator emits LRTs (Liquid Restaking Tokens) to the staker, e.g. 100 lrtAVAX, that can be used within the broader DeFi ecosystem.
  3. The curator selects networks to secure and delegates the staked tokens to operators running validators on those networks.
  4. The operators and the curator earn rewards from the networks they secure.
  5. The curator distributes the rewards to the staker.
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Curator strategies:
Different strategies are available for rewards distribution, like streamlining the L1 native token rewards to the staker, auto-compounding them, or building advanced strategies with them.
Make sure to choose a curator that offers the one that best fits your needs.

For StakersRestaking Guide