ezSKATE
Liquid Restaked SKATE
Token Details
Liquid Restaked SKATE
Symbol: ezSKATE
Contract - 0xc12e4d31e92cedc1ad4c8c23dbce2c5f7cb52998
ezSKATE is Skate’s liquid restaking token that enables staking on Skate’s EigenCloud AVS, fortifying economic security and protocol alignment for stateless applications. By abstracting complexity through Flow Vaults, ezSKATE unlocks scalable institutional liquidity and streamlined incentive distribution, empowering users and institutions to actively govern and secure Skate’s ecosystem.
The ezSKATE vault allows users to deposit SKATE tokens into the vault contract and receive ezSKATE receipt tokens in return - representing a user’s stake in the contract. Deposited SKATE is used to provide security to the Skate AVS.
Rewards Harvesting
As the Skate AVS generates SKATE rewards, they are automatically sent to the ezSKATE contract, increasing the total amount of SKATE held in the contract. Over time, as more SKATE accumulates, each ezSKATE token becomes backed by a larger amount of SKATE. When users withdraw their ezSKATE, they receive more SKATE than they originally deposited.
Rewards Haversting (2) - ezAuctions
The system also includes an ezAuction mechanism: Exchanging rewards in non-SKATE tokens for SKATE.
In an ezAuction, the contract offers any deposited tokens for sale through a Dutch auction: the price starts high and drops until someone buys them by paying SKATE. The SKATE paid by the buyer is added to the ezSKATE contract’s reserves, increasing the total SKATE value. This way users can hold ezSKATE and receive all their rewards in just one token. The autocompounding process operates similarly to ezETH, where rewards are reinvested into the contract automatically, growing the value of ezSKATE without any extra effort
Deposits
Click Connect Wallet to link your Ethereum wallet.
Enter the amount of SKATE tokens that you would like to deposit. You can click MAX to enter the maximum tokens available in your wallet.
Confirm the amount and proceed to deposit.
Approve and confirm the transaction on your wallet.
Once the deposit is successful, you receive ezSKATE, representing your restaked SKATE amount.
Withdrawals
Withdrawals for ezSKATE once a withdrawal is initiated, may take up to 14 days to process. Users will need to manually claim their SKATE tokens once it becomes available.
Switch between restake and unstake functions by clicking the swap arrow button in the center of the dialog box.
Enter the amount of ezSKATE tokens that you would like to withdraw. You can click MAX to enter the maximum tokens available
Confirm the amount and proceed to deposit.
Approve and confirm the transaction on your wallet.
Once you initiate the withdrawal, you stop accruing any reward on your eSKATE. There is a 14-day cooldown period, and you can track the status of your withdrawal in the Claims tab located at the bottom of the page, near the AVSs tab. Once your withdrawal is ready, click the Claim button to collect your assets.
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