Eigenlayer development company Eigen Labs has announced the acquisition of liquidity recommitment network Rio Network, and the specific amount of the acquisition has not yet been disclosed. Eigen Labs said that Eigen Labs did not build a Liquid Restaking Token (LRT), and that the code and intellectual property of the Rio Network will be acquired by the Eigen Foundation and will be open source. To better support new and underdeveloped LRT, the Rio team will join Eigen Labs and will focus on enhancing the EigenLayer ecosystem with other members of the Eigen Labs team.

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