Last updated
Last updated
EigenLayer is a middleware that is built on the Ethereum network, which lets protocols that integrate with it leverage Ethereum’s highly secure trust network without needing to establish its own validator set, offering an off-chain data availability option to Layer 2s to further reduce costs. EIGEN will be used for staking alongside ETH ...
Eigen Layer appears to be a protocol designed for Ethereum's restaking. Here's an overview of what a restaking protocol typically involves in the context of Ethereum:
Understanding Restaking in Ethereum
Restaking in Ethereum usually refers to the process of re-delegating or re-staking cryptocurrency holdings to earn rewards on a blockchain network. This process is common in proof-of-stake (PoS) networks like Ethereum 2.0, where validators stake their tokens to participate in block validation and earn rewards in return.
