# EigenLayer Testnet

By [Untitled](https://paragraph.com/@0x8eedf767371996dc42efd8bbf02577828c65794c) · 2023-04-11

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[EigenLayer](https://\(https://twitter.com/eigenlayer\)) is a protocol that helps secure other services and blockchains by re-stacking $ETH. The team creates quite an interesting and useful project, which cannot be described in two words. You can read more about the technology and the project [here](https://\(https://docs.eigenlayer.xyz/overview/readme\)) .

EigenLayer has [raised](https://\(https://www.crunchbase.com/organization/eigenlayer/company_financials\)) $65 million in investments from Tier-1 funds: Blockchain Capital, Polychain, Coinbase Ventures and others. The project is [followed](https://tweetscout.io/search?q=https://twitter.com/eigenlayer) by a lot of big Inflows, the founders of Paradigm, Multicoin Capital, as well as people from Binance Labs and a16z. And that's not a complete list.

Plus, they have a very strong [team](https://\(https://www.eigenlayer.xyz/about\)) whose members have PhDs, and the [founder](https://\(https://twitter.com/sreeramkannan\)) [worked](https://\(https://infotheory.ece.uw.edu/bio.html\)) at Microsoft and Qualcomm.

A few days ago, the project announced a testnet, which will take place in three phases: retasking, node launch, validation of other networks. At the moment, only phase 1 is available. You can read more about the testnet here . Also read the official testnet [guide](https://\(https://docs.eigenlayer.xyz/guides/get-testnet-tokens\)).

What to do?

*   First you need to get $goerliETH in some cranes you can choose from: [1](https://\(https://goerlifaucet.com/\)) , [2](https://\(https://faucet.paradigm.xyz/\)) , [3](https://\(https://goerlifaucet.org/\)) or buy on [Testnet Bridge](https://\(https://testnetbridge.com/\))
    
*   Now we need to get $stETH. To do this, send $goerliETH to address 0x1643E812aE58766192Cf7D2Cf9567dF2C37e9B7F. Then you need to add this address to your MetaMask under "Import Token" so that it will appear in your wallet.
    
*   Then we get $rETH. We go to the [site](https://\(https://testnet.rocketpool.net/?__cf_chl_tk=unJm61xylnVQjYE.CXIzPzV3oQRomG6bmLd2ZEzRpWk-1680715034-0-gaNycGzNC6U\)) and steak Goerli $ETH in exchange for $rETH.
    
*   Steak the obtained tokens on the [site](https://\(https://goerli.eigenlayer.xyz/\)) .
    
*   Leave feedback in [Discord](https://\(https://discord.gg/eigenlayer\)) on #testnet-feedback.
    

There is no information about the project's token yet. However, their Whitepaper under Governance states that one management option could be a DAO analog with a token. That said, they want to avoid possible centralization and abuse of token ownership, so they are considering other options.

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*Originally published on [Untitled](https://paragraph.com/@0x8eedf767371996dc42efd8bbf02577828c65794c/eigenlayer-testnet)*