Ethereum’s restaking ecosystem is evolving rapidly, but it’s fragmented. Liquidity is scattered across multiple platforms, each with its own yield mechanisms, risks, and reward structures. Managing exposure across these protocols requires time, effort, and constant rebalancing. Enter Turbo ETH (tETH) — a unified restaking token (URT) designed to optimize yield and simplify access to Ethereum’s most powerful restaking protocols.

Eclipse, in collaboration with Nucleus, has introduced tETH as a solution to this fragmentation. By aggregating liquidity from multiple Liquid Restaking Tokens (LRTs), tETH provides a seamless, high-yielding alternative for on-chain participants.

The Problem: Fragmented Restaking Liquidity

Restaking has become an essential tool for maximizing ETH yields. However, current liquid restaking solutions suffer from:

• Liquidity fragmentation — Users must choose between multiple LRTs, each with varying yields and risk profiles.

• High complexity — Managing multiple LRTs requires active monitoring, staking strategy adjustments, and frequent rebalancing.

• Inefficient capital allocation — Funds are often locked in suboptimal pools, reducing overall efficiency.

tETH eliminates these inefficiencies by acting as an index token for the restaking ecosystem, offering a diversified, optimized yield strategy with a single asset.

tETH: A Unified Yield Solution

tETH consolidates yield from five major LRTs:

• Wrapped ETH (WETH)

• EtherFi (weETH)

• Renzo Protocol (ezETH)

• Swell Network (rswETH)

• Dinero (apxETH)

• Puffer Finance (pufETH)

By pooling liquidity from these protocols, tETH provides users with:

• Diversified risk exposure — Reducing reliance on a single LRT mitigates slashing and smart contract risks.

• Maximized yield — Users gain access to the highest returns across multiple platforms without active management.

• Simplified experience — One token, one strategy — no need to rebalance or manage individual positions.

How tETH Works

Minting & Bridging

• Users deposit eligible LRTs to mint tETH on Ethereum mainnet.

• tETH can then be bridged to Eclipse via Hyperlane for broader ecosystem access.

• It follows an exchange-rate-bearing model, similar to Compound cTokens and Lido’s wstETH.

Yield & Rewards

• ETH-based yield automatically increases the exchange rate over time (excluding slashing events).

• Non-ETH rewards (e.g., AVS incentives) are claimable separately via a dedicated interface.

• Rewards are mapped to holder addresses and remain accessible as long as the asset is held.

Redemption Mechanisms (Coming Soon)

• Standard Redemption — Users can redeem tETH for any supported LRT at its full exchange rate.

• Expedited Redemption — Faster exits facilitated by solvers on Ethereum mainnet or Eclipse for a fee.

Exchange Rate Oracle

• The tETH-to-ETH rate is tracked via an oracle querying underlying ETH balances of all deposited LRTs.

• Initially managed by Nucleus, with decentralization planned for future governance.

• Protection against price depegging — The oracle only tracks ETH balances, isolating tETH from market volatility.

• Slashing mitigation — Losses are capped at the affected LRT’s exposure, preventing widespread risk contagion.

Why tETH Matters

Ethereum’s restaking landscape is growing, but users need a simpler, more efficient way to access the best yields without managing multiple positions manually. tETH provides:

• Institutional-grade risk management — Diversification reduces single-point failure risks.

• Passive high-yield exposure — No need to chase the best yields manually.

• Liquidity unification — A single token to tap into Ethereum’s top restaking strategies.

The launch of tETH marks the beginning of a broader movement — unifying liquidity across LRTs and building a one-stop restaking hub for all on-chain users. As the protocol expands, expect further integrations, governance enhancements, and improved capital efficiency.

For those serious about maximizing Ethereum restaking rewards, tETH is the default choice.

Get started with tETH today. Mint, bridge, and start earning streamlined yield.