What is it?
EigenLayer is a protocol built on Ethereum that introduces the concept of restaking, allowing users to reuse their staked ETH (or LSTs like stETH) to secure other networks and services. This creates a shared security model across the Ethereum ecosystem.
Why itβs trending:
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Launch of mainnet phase in Q2 2024
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Backed by top VCs (a16z, Coinbase Ventures)
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Enables new decentralized services (e.g., oracles, bridges)
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Boosts capital efficiency for stakers
Risks:
β Restaking increases exposure to slashing risks
β Complexity may confuse average users
β Still in early stages of real-world adoption
Conclusion:
EigenLayer is pioneering Ethereumβs next security layer by unlocking new utility for staked assets. As the ecosystem matures, restaking could become a core DeFi primitive.