EigenLayer ($EIGEN ) is a decentralized, open-source protocol built on Ethereum, introducing a novel concept called "restaking" to enhance cryptoeconomic security. Here's a breakdown:
Key Features:
1. Restaking: Allows validators to stake tokens without locking assets, ensuring liquidity and flexibility.
2. Decentralized Security: Incentivizes validators to participate actively, improving network security.
3. Ethereum-based: Built on Ethereum, leveraging its scalability, security, and decentralized ecosystem.
4. Open-source: Transparent, community-driven development.
Benefits:
1. Enhanced Security: Restaking improves network security by incentivizing validators.
2. Increased Flexibility: Validators can stake tokens without locking assets.
3. Decentralization: Promotes decentralized network participation.
Use Cases:
1. Decentralized Finance (DeFi) applications
2. Non-Fungible Token (NFT) marketplaces
3. Gaming platforms
4. Social networks
Tokenomics:
1. Token Symbol: EIGEN
2. Total Supply: [Information not publicly available]
3. Token Distribution: [Information not publicly available]
