What is EigenLayer?

EigenLayer is a pioneering protocol for the concept of Restaking built on Ethereum, allowing users to reuse ETH on the consensus layer.

Basically, EigenLayer will enable users who have staked ETH traditionally or staked through Liquid Staking Derivatives (LSDs) to continue using liquid tokens to restake on EigenLayer's smart contract to earn additional rewards.

EigenLayer Products

EigenLayer allows staked ETH to continue staking and earn interest. ETH Stakers choose to participate by granting EigenLayer's smart contract the ability to impose additional slashing conditions on their staked ETH. In return, Stakers receive additional revenue from the services they have chosen to provide.

Currently, EigenLayer supports 3 forms of ETH:

Rocket Pool Ether (rETH).

Lido Staked Ether (stETH).

Beacon Chain Ether (ETH).

Currently, EigenLayer is in the testnet phase on the Ethereum Goerli network. You can participate in the testnet by staking your gETH in the project to learn about their basic operational model. The amount of gETH being staked is 266,000 ETH (5/2023).

Highlights of EigenLayer

The highlights of EigenLayer are:

This is a pioneering project in the concept of Restaking that helps address the current issues of Ethereum's modular trust and brings new profits to users.

It has received support from many investment funds and Ethereum core developers with a capital raise of up to 64.4 million USD.#Eigenlayer公布空投计划 #EigenLayer. $EIGEN $BNB