Eigen What? How EigenLayer Is Putting $34B in Staked Ethereum Back to Work
EigenLayer is a protocol that provides blockchain security-as-a-service, allowing users to stake Ethereum to secure their projects from 51% attacks. It rehypothecates staked ETH to serve the same security purposes for other projects, providing developers with an easier deployment experience and higher yield for stakers. It has gained traction recently, raising $50 million in a Series A round and receiving praise from Joe Lubin.
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Eigen What? How EigenLayer Is Putting $34B in Staked Ethereum Back to Work
EigenLayer is a protocol that provides blockchain security-as-a-service, allowing users to stake Ethereum to secure their projects from 51% attacks. It rehypothecates staked ETH to serve the same security purposes for other projects, providing developers with an easier deployment experience and higher yield for stakers. It has gained traction recently, raising $50 million in a Series A round and receiving praise from Joe Lubin.