FAQ

What is Aleph?

Aleph is yield infrastructure for restaked assets, serves as a trustless portal to professional asset managers running proprietary DeFi strategies.

How is yield generated?

Professional asset managers deploy LST into DeFi strategies — lending, liquidity provision, basis trades, and more. Returns flow back to restakers through increasing alETH value.

What LSTs are supported?

Aleph supports stETH, rETH, and other whitelisted LSTs. Check the app for the current list of supported assets.

Is there a lock-up period?

No lock-ups beyond EigenLayer's standard withdrawal process. You can redeem alETH for the underlying LST at any time at current NAV.

How do I start earning?

Delegate your LST to an Operator who allocates to Aleph Vaults. When they allocate, you receive alETH proportional to your delegation.

Example: You receive 100 alETH when NAV is 1.00. After six months of yield, NAV rises to 1.08. Your 100 alETH is now redeemable for 108 LST.

What is alETH?

alETH is a yield-bearing token representing your share of an Aleph Vault. As the Vault's NAV grows, your alETH becomes redeemable for more LST than you deposited. It's also your proof of collateral — redeemable anytime.

How do I receive alETH?

When your Operator allocates to an Aleph Vault, alETH is submitted to EigenLayer's RewardsCoordinator. You claim it through EigenLayer's standard rewards flow.

How do I redeem?

Through the Aleph app. Connect your wallet, select the amount of alETH you wish to redeem, and confirm the transaction.

What if my Operator doesn't allocate to Aleph?

You have two options: 1. Ask your Operator to register for the Aleph AVS 2. Redelegate to Aleph Operator

What are the risks?

Aleph Vaults are actively managed, which introduces strategy risk. Returns depend on manager performance. Smart contract risk exists as with any DeFi protocol. Vaults are audited and monitored by an independent Guardian, but risk is never zero. Only deposit what you can afford to have exposed to DeFi strategies.

What if fund managers run away with the assets?

Aleph has implemented on-chain policies and permissions (using Zodiac roles modifier), ensuring that fund managers can only execute pre-approved actions. This prevents them from misusing or withdrawing the underlying assets.