Eigen Labs, the firm behind the EigenLayer protocol, has acquired restaking platform Rio Network. The deal will make Rio's intellectual property code open source. Eigen Foundation is taking over Rio Network's intellectual rights, including its liquid restaking token (LRT) technology, which will be incorporated into the EigenLayer ecosystem. The Rio team will now join Eigen Labs, focusing on developing EigenLayer. Both EigenLayer and Rio Network aim to optimize the use of staked assets, with EigenLayer allowing users to secure additional blockchains with their staked assets, while Rio offers a liquid representation of staked assets. The deal's value was not disclosed.