💱Restaking mechanism
Last updated
Last updated
User Deposits LSDs and Receives Dorado Bounty Token (DORAB):
Users who hold LSDs may choose to restake their assets by depositing them into the restaking contract on Arbitrum.
Upon deposit, users receive Dorado Bounty Tokens (DORAB) representing their restaked assets.
Deposit Contract on Arbitrum:
The restaking contract on Arbitrum manages the restaking process and interacts with the deposit contract on Arbitrum to hold the restaked assets securely.
Withdraw (Once Available):
Similar to the staking process, users can initiate a withdrawal transaction once the restaking period is complete or withdrawal conditions are met.
The withdrawal process involves burning the DORAB tokens, and users receive their LSDs or staked assets, along with any accrued rewards or interest.