Liquid restaking with Novum.
Earn LST Yields, EigenLayer Points and Novum Points by holding $novETH.
Restake (Coming Soon)Earn Multiple Rewards
Automatic Rewards
Staking APY + Eigenlayer Points + Novum Points
Liquidity
Make your staked assets liquid. Mint $novETH and use it in DeFi ecosystems
Save efforts
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Single Token
novETH is a single liquid restaked token for all supported assets
Restake ETH & LSTs
Deposit ETH or LSTs and get $novETH in return. Deposits are subject to availability on Eigenlayer.
How it works
Deposit native ETH and Liquid Staking Tokens (LST's) and receive $novETH
1. Connect Wallet
Use Metamask or any wallet to connect to the app.
2. Select Assets
Select that assets you want to restake like ETH and various LST's.
3. Confirm & Mint
Mint $novETH by depositing your assets on Eigenlayer.
4. Earn Rewards
APY + Eigenlayer Points + Novum Points.
FAQ's
A liquid restaking token represents a way to keep your investments liquid while engaging in the restaking process on EigenLayer. Typically, depositing capital into EigenLayer would make your funds illiquid. However, by depositing your LST into Novum, you will receive an equivalent amount of novETH, ensuring your capital continues to be restaked on EigenLayer.
novETH is a Liquid Restaking Token that provides liquidity for assets that have been deposited into EigenLayer. By converting staked ETH into novETH, users earn ETH/LSTs staking yield, EigenLayer points, and Novum Points while remaining liquid. novETH can be minted using any of the supported assets.
novETH is a reward-bearing token that works similarly to cTokens. The underlying rewards accrued by restaking positions are reflected in the price of novETH over time as it increases in value.
Novum Points are a measure of your total EigenLayer restaking activity - your contribution to shared security. Novum Points will accrue based on the amount of LSTs you hold per hour and are additional to the Eigenlayer restaked points.
1. Restakers stake their LSTs to mint novETH tokens indicating fractional ownership of the underlying assets.
2. novETH contracts distribute the deposited tokens into Node Operators
3. Rewards accrue from the various services to the novETH contracts. The price of novETH token assumes the underlying price of the various rewards and staked tokens
4. Restakers can swap their novETH tokens for other tokens on AMMs for instant liquidity or redeem underlying assets through novETH contracts
5. Restakers can further leverage their novETH tokens in the DeFi ecosystem
Novum does not impose any fees on LST deposits. Users can deposit ETH or Liquid Staking Tokens (LST’s) without incurring charges.
- 90% of the staking rewards and points are passed onto holders.
- 10% of the rewards generated from AVSs and the Ethereum validators to Novum development fund and node operators.
The fee structure might be revised depending on Eigenlayer developments and market dynamics.
Withdrawals won't be available at launch as we are still working on the smart-contract. In the meantime, we aim to set-up liquidity pools on DeFi protocols like Uniswap or those wishing to convert novETH to ETH.
Coming soon