Allstake is integrating Wormhole Messaging to revolutionize omnichain restaking
Allstake is a crypto economic security infrastructure that pioneered Meshed Restaking for trustless scaling. Allstake is integrating Wormhole to enhance its multichain message synchronization to bring restaking and share security to all chains.
Restaking in a Nutshell
Restaking is a new primitive in crypto-economic security; it allows users to restake their staked ETH or liquid staking tokens (LST) to bootstrap new proof-of-stake networks and services within the Ethereum ecosystem in return for additional staking yield/rewards. Restaking unlocks a new era of permissionless innovation and free-market governance by reducing developer complexity when building and bootstrapping these networks from scratch.
Unleashing the Power of Meshed Restaking
Allstake extends beyond Ethereum; it builds “verifiable cloud” for the broader crypto landscape, enabling users to natively restake a wide range of assets (LSTs, LRTs, LP tokens, stablecoins, etc.) on multiple chains including Solana, NEAR, Bitcoin, Ethereum, Ton, and more. Allstake comprises a modular toolkit that includes a programmable multi-asset economic module, a restaking hub for managing restaking logics, a chain signature module for synchronizing states and slashing on other chains, and light clients for trustless verification.
Building on NEAR with Wormhole Integration
Wormhole, recognized for its extensive cross-chain message transfers and support for diverse chains (Arbitrary-Message-Bridge), offers a proven security track record.
Wormhole Messaging allows Allstake to securely and reliably monitor users’ stakes, delegations, and other messages across multiple chains. This integration enables Allstake to streamline operations such as issuing rewards and slashing on various chains, optimizing the user experience and lowering the costs. Wormhole synchronizes the amount of delegations received by each operator in each client chain to Allstake. This data is crucial for calculating seats, rewards, and penalties for the operators of Actively Validated Services (AVS) or Application Chains.
Allstake is Live!
Allstake’s Phase 0 is live on mainnet, launching with top LST protocols on NEAR and Solana. In addition to the 7~8.5% annualized yield already earned through NEAR and Solana PoS staking, users can now earn Allstake Points, creating a unique dual reward opportunity. Users can also join our community campaign to earn additional points (GEMs) to further boost the rewards
Allstake will soon add the support of other chains including Ethereum, Bitcoin, Ton, and more. This opens up new opportunities for users to access and diversify their restaking portfolio, providing them with higher yields and greater flexibility
About Allstake
Allstake pioneers meshed restaking, enabling users to natively restake a wide range of assets (LSTs, LRTs, LP tokens, stablecoins, etc.) on multiple chains including NEAR, Solana, Bitcoin, Ethereum, Ton, and more. By decoupling consensus and execution, Allstake enables trustless scaling, offering enhanced scalability, security, and decentralization.
About Wormhole
Wormhole is the leading interoperability platform that powers multichain applications and bridges at scale. Wormhole provides developers access to liquidity and users on over 30 of the leading blockchain networks, enabling use cases that span DeFi, NFTs, governance, and more.
The wider Wormhole network is trusted and used by teams like Circle and Uniswap. To date, the platform has facilitated the transfer of over 40 billion dollars through over 1 billion cross-chain messages.
