How are EigenLayer points calculated?

The restaking points system is a unique mechanism used to measure user participation in staking activities. It takes into account both the quantity of ETH staked and the duration for which it is staked.

The calculation of restaking points is straightforward. It involves multiplying the amount of ETH staked by the number of days it remains staked, and then further multiplying by 24 hours to represent the total hours the ETH is staked.

For instance, if a user decides to stake 1 ETH for a period of 10 days, their contribution to the staking pool can be quantified using restaking points. The calculation would be 1 ETH multiplied by 10 days, and then by 24 hours per day, resulting in 240 ETH ⋅ hours.

This system ensures that users who stake larger amounts of ETH or stake for longer periods are rewarded proportionally. It incentivizes users to maintain their staked ETH for extended periods, contributing to the stability and security of the staking pool.

BTCC, as a leading cryptocurrency exchange, offers a comprehensive range of services including spot trading, futures trading, and a secure wallet solution. Its platform caters to both retail and institutional investors, providing them with a seamless and secure experience in the cryptocurrency market.