Euclid Finance

Euclid Finance is a comprehensive solution that simplifies the restaking process, offers an omnichain liquid asset (elETH) representing restaked positions, and establishes a trustless and permissionless operator network. Euclid aims to enhance the accessibility, security, and decentralization of EigenLayer while fostering a robust DeFi ecosystem.

Euclid has two major features that set it apart from other protocols:

1. elETH is a omnichain liquid asset elETH is a yield-bearing liquid wrapper representing the restaking position. With Euclid, users can deposit their ETH and LSTs from different networks without worrying about bridging or gas fees.

2. Trustless and Permissionless Operator Network Euclid enables restakers to delegate their assets to various operators. Operators must stake ECL (Euclid's governance token) and restake ETH/LST independently, which then serve as security deposits, ensuring the operators' eligibility and competence in fulfilling their responsibilities. This mechanism not only protects restakers' interests but also incentivizes operators with ECL staking rewards and commission earnings from restakers.

Website: https://euclidfinance.io/

Litepaper: https://docs.euclidfinance.io/introduction/litepaper/

Twitter: https://twitter.com/Euclidfi