How to build an Ethereum dApp? Dapp is a decentralized application, which is only different from the apps we usually use (Instagram, Facebook, etc.) from a decentralization perspective. How can you understand this decentralization?

From the experience level, there is no manager in dApp; everyone is equal and supervises each other. From the technical level, traditional apps interact with the backend deployed on the server, while dApp interacts with the smart contract deployed on the blockchain. Need to know more? In this article, we will discuss how to make dApps on Ethereum along with examples of dApps.

Table of contents:

1. DApp Fundamentals
2. Ethereum dApp Development Process
   1. Ideation
   2. Design Your dApp Architecture
   3. Write Smart Contracts
   4. Develop the Front-End
   5. Testing and Deployment
   6. Security Considerations
3. Challenges in Developing dApps on the Ethereum Blockchain
4. IdeaSoft Experience
5. Conclusion

DApp Fundamentals

DApp runs in the browser and is available to users through the Internet. From this perspective, it is not much different from ordinary Web2 programs, such as the pages of the website, web applications, etc. It is composed of some HTML pages and JS, which is what we usually call the front end. But let`s take a look at the dApp architecture.

This will be a quick Ethereum dApp development tutorial for you:

• Server. It is no different from traditional Web applications. It is responsible for providing and processing data, interacting with the front-end dApp, usually reading and writing databases, processing data and business logic, and performing other work. It may be written in Java, PHP, Go, Python, or other development languages.
• Smart contracts. DApp architecture and traditional Web application architecture are different in the smart contracts part. Smart contracts are running on the blockchain of a binary code. Some blockchains are able to run smart contracts. For example, almost 90% of the smart contracts run on Ethereum. Smart contracts on Ethereum are usually developed using Solidity, and after compilation, it will become a piece of binary code, which is then deployed to Ethereum and can be invoked.
• Oracles. Many dApps have special scenarios that require additional data to complete the closed loop’s work. Smart contracts can not actively obtain data. They can only passively accept data. And it doesn’t execute regularly. The only way to pry it into execution is for an external program to call its interface. Oracles automatically, in real-time, notify the smart contract on the blockchain of the results of some event to execute the automated task.

Most dApps are web applications that have added blockchain technology. However, they all correspond to the highest security standards because hackers are more dangerous here. This is why security can take the most significant time in the Ethereum dApp app development process.
We also wrote about building dApp on Solana.

Ethereum dApp Development Process

How to build a dApp on Ethereum? Let`s discuss below!

Define Your dApp Idea

The first step in dApp development is to brainstorm and define a clear purpose for your application. If you consider the current trends in Web3, you can find the best niche for you and quickly occupy it with your dApps. Examples of dApp categories:

• Finance: DeFi platforms, lending protocols, and asset management tools.
• Gaming: Blockchain-based games with in-game assets and token economies.
• Social Media: Decentralized social networks with user-owned data.
• Identity: Decentralized identity verification and management systems.

A proper discovery phase that clearly identifies the dApp idea can greatly reduce Web3 development costs for your further project.

Design Your dApp Architecture

Planning the architecture of your dApp involves designing both the user interface (UI) and user experience (UX). A well-thought-out design ensures a seamless interaction between the user and the application. 

Front-end and back-end components must also be carefully considered. However, to make the best choice, you must be well-versed in all the Ethereum updates that change how the blockchain or Ethereum ecosystem works. Ethereum EIP-4844 is a primary example of such updates. For instance, this innovation has opened many new opportunities for dApps regarding efficient data pruning and management, scalability for a global transaction network, and enhanced user experience.

We have a great article discussing our case study on how to build a successful Web3 startup. 

Write Smart Contracts

Smart contracts are the backbone of any Ethereum dApp, executing the business logic in a decentralized manner. Solidity is the primary programming language for writing Ethereum smart contracts.

You must pay special attention to:

• Security audits. Regularly audit your smart contracts to identify vulnerabilities and ensure robustness.
• Gas optimization. Write efficient code to minimize gas costs, making your dApp more cost-effective for users.

Smart contracts like security testing can take up most of your Ethereum dApp app development time. Since they must be of the highest quality, they must be rigorously tested and developed with all the best practices and new threats in mind.

Develop the Front-End

The front-end of your dApp is the interface through which users interact with your blockchain application. Building an intuitive, responsive, and user-friendly front-end is crucial for the success of your dApp.

Popular JavaScript frameworks such as React and Vue.js are often used due to their flexibility, rich ecosystem, and ease of integration with Ethereum libraries like web3.js and ethers.js. These frameworks help in creating dynamic, single-page applications that can efficiently manage the interaction between the user and the blockchain.

We recommend you read our article about dApp UI/UX design tips that will help you make your customer journey as smooth as possible.

Testing and Deployment

Thorough testing is imperative before launching your dApp on the Ethereum mainnet. Testing methodologies you can use:

• QA automation tools. Use AI to optimize test scenarios and speed up the testing process.
• Unit testing. Test individual components of your smart contracts.
• Integration testing. Ensure that all parts of your DApp work together seamlessly.
• Testnet deployment. Deploy your dApp on Ethereum testnets like Goerli or Truffle to simulate mainnet conditions without the associated costs.

We recommend you read our article on the best practices for smart contract testing & debugging.

Security Considerations

Best practices we advise you to use for your dApp blockchain application development:

• Regular audits. Conduct security audits to identify and mitigate potential vulnerabilities.
• Code reviews. Perform peer reviews of your code to catch errors early.
• Secure development practices. Follow best practices such as using well-vetted libraries and keeping dependencies up to date.

By following these steps, you can develop dApp on Ethereum that will outperform competitors.

Challenges in Developing dApps on the Ethereum Blockchain

Developing dApps on Ethereum involves several challenges, which can be broadly categorized into technical, financial, and operational challenges:

1. Latency. Transaction finality on Ethereum can take anywhere from a few seconds to several minutes, which can be a barrier for applications requiring real-time interactions.
2. Smart contract security. Writing secure smart contracts is notoriously difficult. Vulnerabilities like reentrancy, overflow/underflow, and improper handling of external calls can lead to significant financial losses.
3. Smart contract gas optimization. Developers must optimize smart contract code to minimize gas costs, which requires a deep understanding of the Ethereum Virtual Machine (EVM) and the gas cost of various operations.
4. Evolving tools and frameworks. The tools and frameworks for Ethereum development, such as Truffle, Hardhat, and Remix, are still evolving. Frequent updates and changes can challenge developers to maintain and upgrade their dApps.
5. Usability. Many dApps suffer from poor user experience (UX). The onboarding process, especially involving wallet setup and private key management, can be daunting for non-technical users.
6. Integration with existing systems. Integrating dApps with existing enterprise systems and workflows can be challenging due to differences in technology stacks and architectural paradigms.

Despite these challenges, the Ethereum ecosystem continues to grow and evolve, with ongoing efforts to address scalability (e.g., Ethereum 2.0, layer-2 solutions like Optimistic Rollups and zk-Rollups), improve development tools, and enhance security practices. Our team at IdeaSoft can help you develop dApp on Ethereum, considering all the innovations and best practices.

IdeaSoft Experience

IdeaSoft team is well-versed in dApp blockchain application development. Our dApps on Ethereum prove that.

Decentralized staking protocol Asymetrix

Asymetrix protocol is an innovative decentralized and non-custodial platform that enables users to stake their stETH with a distinctive method of generating yields. In addition to decentralized protocol development, we worked on a DAO and protocol tokens for governance and airdrop possibilities.

After releasing Asymetrix, our cooperation was not stopped. Together with the Asymetrix team, we optimized the platform and released the Asymetrix V2. It has groundbreaking improvements, including the introduction of an additional token, esASX, and a BOOSTS system designed to reward LPs within the protocol’s ecosystem.

Global marketplace BridgeTower

BridgeTower is a global marketplace built on a proprietary technology stack. We introduced KYC/KYB, anti-money laundering (AML) by MasterCard, wallet whitelisting, proof-of-reserves, custodial services, and fiat-to-crypto on and off-ramping capabilities.

We also worked on the NFT development solutions for NFT marketplace with ERC-1155 minting and collection factory contracts, a dashboard portfolio with the total amount of all assets, and asset and wallet management. Overall, this project was delivered to the client in 10 months.

Web3 gambling platform Moonwin

Moonwin is a pioneering cross-chain DeFi platform (casino 3.0). We have successfully implemented a platform that operates on Polygon, Ethereum, and BNB Chain blockchains. Our IdeaSoft team has contributed to every stage of development, from inception and the creation of the MVP to the realization of Moonwin V1 and Moonwin V2.

The most difficult challenge for us was game mechanics development. The development of fair and entertaining casino games that leverage blockchain technology presents unique challenges.

Ensuring transparency, randomness, and provable fairness in game outcomes while maintaining gameplay dynamics and user engagement requires innovative game design. However, we had great assistance from the client side, which helped us constantly provide innovative and unconventional strategies to be tested and further integrated. Our team leveraged web3 staff augmentation to efficiently scale our development efforts and deliver a high-quality product on time.

Conclusion

In this article, we have discussed how to develop Ethereum dApp along with examples of Ethereum dApp developed by our IdeaSoft team. Ethereum blockchain and ecosystem are actively evolving, and it is vital to be aware of all the innovations and changes.

As a trusted blockchain software development company, we provide tailored solutions to bring your Ethereum dApp ideas to life with efficiency and expertise.

If you are looking for a reliable Ethereum dApp development company, feel free to contact us today. We are eager for new challenges and projects!

The Web3 ecosystem is becoming more extensive with each passing year. Thousands of dApps run on blockchains and Layer 2 (L2) solutions. However, these disparate networks are not able to communicate effectively with each other. Cross-chain in crypto solves this problem and allows assets to be transferred from one blockchain to another. It stimulates ecosystems to engage with each other and think of launching a cross-chain DeFi platform. Today, we discuss how to develop cross-chain DeFi platform and what features it must have.

What are the key advantages of using a cross-chain DeFi platform over a single-chain platform?One of the main advantages is more straightforward interoperability across different DeFi protocols, which allows for seamless trading, lending, and exchanging of assets. Another advantage is moving collateralized digital assets from the classic chains blockchain to modern ecosystems such as Kadena, Stllar, Cardano, Solana, or layer-2 solutions. Other advantages include improved scalability, liquidity increasement, and better storage capacity.

Table of Contents:

1. What Is a Cross-chain DeFi Platform?
2. Core Components of a Cross-Chain DeFi Platform
3. Cross Chain Defi Platform Development Process: X Main Stages
4. Summary

What Is a Cross-chain DeFi Platform? 

Cross-chain DeFi combines numbers of financial applications that exists through various blockchain ecosystems. It is leveraged by cross-chain technology that enables the seamless transfer of data and tokens across various blockchains. This interoperability is facilitated by cross-chain bridges, acting as gateways for token exchanges among multiple chains.

What Is a Cross-chain Bridge?

A cross-chain bridge is a decentralized protocol designed to transfer assets and information between blockchains. Such cross chain bridge development solutions can send tokens of almost any kind, including NFTs.

What to Consider Before Building Cross-Chain DeFi Platform

The demand for interoperability between blockchains has become increasingly evident. However, before diving headfirst into building cross-chain DeFi platform, there are several crucial points you should keep top of mind.

Market Need

The fundamental driver behind any successful project is fulfilling a market need. In the context of cross-chain DeFi platforms, the need is evident. With the increasing complexity of blockchain ecosystems and liquidity fragmentation across different networks, users seek seamless interoperability solutions. Here are the main points that drive popular DeFi projects to think about cross-chain features:

• encourage an exchange of liquidity between blockchains
• encourage an exchange of users
• faster adoption of new technologies 
• faster knowledge-sharing among crypto-experts
• encourage competition in the DeFi space.

In the current market situation, the DeFi project must consider cross-chain opportunities to be competitive. Now, almost everything is cross-chain, and nobody wants to use only one blockchain with tokens that nobody needs except for that network. This is why cross-chain peculiarity is among Web3.0 trends.

Technical Considerations

Developing a cross-chain DeFi platform involves navigating technical challenges. Interoperability protocols, smart contract development, and cross-chain bridge development are just a few of the technical considerations. They require meticulous planning and execution. You must: 

• Choose the right blockchain infrastructure
• Implement secure cross-chain communication protocols
• Ensure scalability

With these points in mind, your cross-chain DeFi project will gain long-term viability and success.

Regulatory and Legal Landscape

The regulatory and legal landscape surrounding DeFi is still evolving. Operating in multiple jurisdictions adds another layer of complexity. 

Before building a cross-chain DeFi platform, you must examine the country’s legal framework. If you want to build a DeFi project for the USA market, you must ensure that the chosen country of registration allows that. We at IdeaSoft specialize in such issues and can select a variant that will consider all the legal nuances for you.

Our portfolio has a demonstrative example of compliance with legal requirements. When we worked on Securitize, our team had 10-12 engineers. At the same time, we had a team of 20-25 lawyers from a specialized New York law firm who monitored and helped to describe the project documentation and the legal part. They also worked on the legalization of all processes.

Herman Stohniiev, CTO and Co-founder of IdeaSoft

Business Considerations

Creating a cross-chain DeFi platform is not only a technical endeavor but also a business venture that requires careful planning and resource allocation. You must consider factors such as project duration, cross-chain DeFi platform development cost, and ongoing maintenance expenses. 

To start DeFi project in any direction, we recommend assessing the competitive landscape and identifying unique value propositions. This will help position the platform for success in a crowded market. By the way, we at IdeaSoft have 7+ years of experience creating Web3 projects and can help you assess the current market. Feel free to contact us for initial consultation with our tech specialist.

Core Components of a Cross-Chain DeFi Platform

Certain core components are indispensable for building a robust cross-chain DeFi platform. Here are the necessary features to develop cross-chain DeFi platform.

Smart Contracts

Smart contracts serve as the backbone of any DeFi platform. They automate transaction execution and enable trustless interactions between users. In terms of a cross-chain DeFi platform, smart contracts facilitate interoperability between disparate blockchains. This is achieved thanks to executing cross-chain transactions securely and efficiently.

Cross-Chain Bridge Integration

Cross-chain bridge integration is needed for the transfer of assets and data between different blockchains. These bridges act as interoperability protocols. They allow users to seamlessly move assets from one blockchain to another while maintaining security and trust.

Liquidity Management

You must think through effective liquidity management to build cross-chain DeFi platform. Liquidity is paramount for the smooth functioning of any DeFi project. However, managing liquidity across multiple blockchains presents unique challenges. And you must think of them in advance. 

Nevertheless, implementing sophisticated liquidity management strategies can optimize liquidity provision. These can be automated market-making algorithms and liquidity pools. This point is also important for ensuring efficient asset exchange across diverse blockchains.

Security Measures

Security is paramount as the threat landscape is constantly evolving. Implementing robust security measures, including encryption protocols, multi-signature authentication, and audit trails, is essential for safeguarding user funds and data in a cross-chain DeFi environment. Additionally, conducting regular security audits and vulnerability assessments can help identify and mitigate potential security risks proactively.

User Interface (UI) and User Experience (UX) Design

UI and UX design shape the overall usability of your cross-chain DeFi platform. A well-designed UI/UX enhances user engagement, fosters trust, and simplifies complex processes such as asset exchange and liquidity provision. You should:

• Prioritize intuitive navigation
• Utilize responsive design
• Provide seamless integration with blockchain wallets

This way, you can enhance the user experience and drive the adoption of your Web3 platform.

Cross Chain Defi Platform Development Process: 7 Main Stages

Here are the main steps of how to build a cross-chain DeFi platform:

1. Define goals and functionality. The first step is to clearly define the goals of your cross-chain DeFi project and the required functionality. You must understand how your Web3 project will stand out in the market.
2. Market research. Conduct a thorough DeFi market research, study your competitors, and identify the advantages and disadvantages of existing cross-chain solutions. Identify potential gaps in the market that your Web3 project can successfully fill.
3. Select a blockchain platform. Choose the right blockchain platform to develop your DeFi app.
4. Develop cross-chain bridge. Deploy bridge smart contracts on both blockchains along with handler contracts. Then, an Oracle system can be deployed and integrated with bridge contracts. 
5. Create smart contracts. Develop secure and efficient smart contracts that will fulfill your app’s core functions. Provide facilities for liquidity, token management, and other decentralized financial transactions.
6. Design the user interface. Create an intuitive and user-friendly UI. It is important that users can easily interact with your cross-chain platform even if they do not have technical skills.
7. Test and optimize. Conduct thorough testing of your DeFi application, including functional, security, and performance testing. Based on the test results, optimize the code and functionality.

By following these steps and paying attention to each step, you can increase your chances of building a successful and competitive DeFi cross-chain app.

Summary

Creating a cross-chain DeFi platform is a complex and time-consuming process. It requires careful planning, an understanding of complex financial processes, technical skills, and strategic thinking. However, by following the steps outlined above, you will be able to develop a successful and competitive cross-chain DeFi app that can attract the attention and trust of users.

Want to create your own blockchain solution? Contact our IdeaSoft team. Our team of experts is ready to provide you with high-quality cross-chain  DeFi application development services right now.

In April 2023, Ethereum developers activated the Shapella update, which included several changes for the consensus and execution layers. The most important one was the ability to withdraw ETH from the Beacon Chain deposit contract.

This hard fork created the necessary conditions for the emergence of new directions and the realization of projects, the launch of which was previously impossible due to the restrictions in the network. Staking technology development was one of these directions. 

In this article, we will explain restaking opportunities and discuss types of restaking, the potential impact of restaking on the Ethereum market along with how restaking works.

Table of Contents:

1. Understanding Restaking Concept
2. What Problems Is Restaking Trying to Solve?
3. Mechanics of Restaking
4. Benefits of Restaking
5. The Most Popular Restaking Protocols
6. Case Study: Dollet Wallet and Released Restaking Feature
7. Summary

Understanding Restaking Concept

Before we dive into restaking in crypto, let’s remind you what staking is.

Staking supports the operation of a blockchain by locking cryptocurrency. Users get remuneration for staking their crypto. Staking is possible for cryptocurrencies functioning on a Proof-of-Stake (PoS) protocol.

On the other hand, crypto restaking allows users to allocate their assets multiple times on the main blockchain as well as on additional protocols. For example, EigenLayer allows Ethereum stakers to use their staked $ETH to secure other networks/protocols as well. 

Also, users can choose which additional networks/protocols they want to validate with their current staked $ETH and earn additional revenue from it. In return, they agree to grant EigenLayer additional rights to reduce their $ETH stakes (on top of the rights to reduce the underlying Ethereum staking contract).

The concept of crypto restaking has much in common with merge mining. It involves simultaneously mining two or more cryptocurrencies without reducing the overall mining performance. The model essentially allows the same proof-of-work to be accepted as security guarantees by multiple networks with compatible PoW-based consensus algorithms. When applied to PoS-based blockchains, the concept involves re-purposing capital that is already in staking for similar purposes.

The 2024 crypto restaking market is rapidly transforming from a nascent trend to an innovative reality. As of mid-March, the restaking market cap has reached almost $40 billion. Ethereum restaking dominates the market. 

Except for EigenLayer, other projects are also working on restaking or related projects in multiple chains. Some of them are already in operation, and others are coming soon. These include projects like Picasso (Solana restaking) and Babylon (Bitcoin restaking), among others.

Basically, restaking allows ETH validators to use their stakes to validate other networks, for example, via the EigenLayer. This increases the rewards for the validators but also increases the risks.

How Does Restaking Differ From Regular Staking?

Restaking differs from regular staking by involving the process of staking an asset again after the initial staking period, offering the opportunity for recurring engagement and potentially increasing rewards through participation in multiple staking programs or platforms. 

Unlike regular staking, restaking enhances the utility of the staked asset by expanding its functionality across various networks, albeit with increased risks associated with managing multiple staking arrangements.

Rostyslav Bortman, Head of Blockchain Department

What Problems Is Restaking Trying to Solve?

Restaking in crypto aims to solve the problem of blockchain security. Restaking enables staked ETH to be used as cryptoeconomic security for protocols other than Ethereum in exchange for protocol fees and rewards. 

For example, creating a new PoS network, such as Ethereum or BNB Chain, requires significant capital expenditure. Let’s say a project issues a token to fulfill this security function. They would then have to convince ecosystem participants to assume the price risk of hosting this new token, as well as the opportunity cost over a simple $ETH stake.

EigenLayer is an awesome example for discussion. It introduces 2 new ideas: unified security through restaking and free market management.

Unified security through restaking

EigenLayer provides unified security by allowing new modules to be protected by restaking $ETH rather than their own tokens:

• In particular, after restakers lock their LSTs or their own $ETH with validators, validators can then agree to protect any module they choose.
• Validators set their withdrawal credentials in the EigenLayer smart contract so they can be automatically removed if they misbehave.
• In turn, modules pay a commission for security and validation services that are received by validators and restakers.

The result is the combination of Ethereum’s powerful crypto-economic security with other protocols built on top of it.

Free market governance

EigenLayer provides an open market mechanism that allows validators to determine their own risk-to-reward ratio and choose which restaking module to secure. EigenLayer sees this as a service provided by venture capital firms. Their support is essential for innovation, but the returns are at risk (in the case of restaking, the risk of shrinkage). This way, EigenLayer changes the current market principles and moves Web3 forward.

How Crypto Restaking Works

Restaking process involves staking an asset anew after its initial staking period. This procedure enables the staked asset to participate in another staking program or platform, enhancing its functionality and providing the holder with an extra array of rewards, albeit with heightened slashing risks.

Let’s look at an example from the Ethereum ecosystem.

Ethereum’s network is renowned for its robust PoS consensus mechanism, bolstered by numerous validators and extensive distribution. Nonetheless, staked ETH remains inactive on Ethereum, prompting the emergence of liquid staking derivatives. Liquid staking converts staked ETH into tradable tokens, which are usable within decentralized finance (DeFi) applications.

By eliminating the 32 ETH minimum staking requirement, liquid staking enables small-scale holders to pool their assets with others, potentially allowing them to reap staking rewards.

Restaking extends this concept further. These protocols permit other decentralized platforms to utilize assets staked on Ethereum for their own security. Both validator and nominator stakers can earn multiple rewards: initially from the Ethereum network and additionally from the protocol they are restaked into.

So, thanks to restaking, economic security is flipping 10x:

Restaking opens doors for networks beyond Ethereum to access ETH validators to validate their own networks, utilizing the same stakes. Given that ETH validators are currently among the most trusted and reliable validators in the market, this collaboration enhances the credibility and security of participating networks. This sets them apart as more dependable options compared to others.

Benefits of Restaking

Here 3 main benefits of crypto restaking that it brings to Web3:

• Enhanced rewards. By staking assets on two networks, stakers have the potential to amplify their earnings significantly.
• Augmented security. As the volume of assets staked increases, so does the value of the network, bolstering its resistance against potential attacks. This heightened security transforms it into a steadfast nucleus for dApps, protocols, and platforms.
• Mitigated dumping. Restaking renders the original token more adaptable, dissuading immediate selling. This expanded utility minimizes the risk of value depreciation for the project and its investors, nurturing a more resilient and enduring ecosystem.

The impact of restaking on the future of Web3 will be huge.

The Most Popular Restaking Protocols

Here are 3 top restaking protocols you should be aware of.

Ether.fi

Ether.fi is the largest liquid restaking protocol (as of mid-March 2024) with a TVL of over $2.2 billion. Ether.fi’s LRT is called eETH restaking tokens:

• Once a user deposits their ETH and receives an eETH restaking token, they can use it in DeFi to maximize their profits.
• The deposited $ETH will receive rewards for both Ethereum PoS staking and EigenLayer restaking (once EigenLayer rewards become available).
• Users can also earn Ether.fi loyalty points intended to play a role in decentralized governance.

Ether.fi also has a related NFT project called Ether.fan, where users can stake their $ETH and mint NFT to earn more points. The NFT represents the stake amount in $ETH, automatically accrues a reward for the stake, and increases the reward depending on how long the user stakes.

Puffer Finance

Puffer Finance is the second largest liquid asset crypto restaking protocol, providing users with their own LRT, pufETH. Although Puffer Finance was only launched in early February 2024, its performance is quite strong, with TVL already exceeding $1.4 billion.

At this stage, it only accepts $stETH (LIDO Deposits ($ETH LST)). Once the main Puffer restaking network is up and running, the plan is to run a stETH Lido to $ETH exchange and re-fix it on EigenLayer.

Puffer Finance has also committed to self-limiting protocol growth to 22% of all Ethereum validators as a way to protect Ethereum decentralization.

Kelp DAO

Its TVL is over $730 million (as of mid-March 2024). It allows for restaking with rsETH. Kelp DAO currently supports its own $ETH, $stETH Lido, $ETHx Stader, and $sfrxETH Frax:

• Users can accumulate Kelp Miles and EigenLayer points as a reward for restaking when making a deposit to Kelp.
• Kelp Miles = (Amount $rsETH) * number of days * 10,000
• Kelp has a referral program.

Kelp currently has integration withPendle, Uniswap, Curve, and Balancer. Kelp contributors can use their $rsETH to interact with these protocols and earn additional profits and extra Kelp Miles/EigenLayer points.

Case Study: Dollet Wallet and Released Restaking Feature

Dollet is a great example of a crypto restaking project. It is a non-custodial mobile crypto wallet. It incorporates advanced features like pool deposits, yield farming strategies, and integration with multiple blockchain networks, including Ethereum, Arbitrum, Optimism, BNB Chain, Polygon, Solana, Tron, BTC.

What our IdeaSoft team has implemented:

• Essential wallet functionalities: sending, receiving, bridging, swapping, buying crypto, and receiving notifications
• Admin panel functionalities: log in/log out, user registration, asset management, pool deposits, farming strategy management, adjustable settings, and network switching;
• Stargate API that enables bridge functionality
• Pool investment smart contract that was developed using Solidity within the Arbitrum network
• Keychain solution integration
• KYC functionality supported by Wert technology

Apart from these common features, we have released restaking functionality inside Dollet wallet. This way, we provided users with more diversified investment options and enhanced returns. USDC Wombat and ETH Restaking strategies are designed to optimize yield generation by employing sophisticated mechanisms. They cater to both conservative investors preferring stablecoins and those looking for growth through Ethereum-based assets.

Summary

In the future, the proliferation of protocols like EigenLayer will change the economic balance of Ethereum and simplify the process of building infrastructure. As a consequence, it will have a positive impact on the development of the ecosystem.

Restaking is being actively discussed in the community, and the discussion is quite constructive. This is a positive signal because when the concept is implemented on a large scale, developers can solve existing problems and reduce intra-network risks.

Restaking technology solves problems relevant to many services and allows validators to manage capital more efficiently. Therefore, we can expect active segment development. Furthermore, the implementation of Ethereum EIP-4844 is anticipated to significantly enhance network scalability, supporting the growth and complexity of decentralized applications. Additionally, these advancements will likely lead to the creation of more user-friendly tools like Farcaster frames, further simplifying interaction with the blockchain.