🎉🎉🎉EigenLayer aims to unify fragmented security and trust in the blockchain ecosystem by leveraging Ethereum's strong security capital and validator set to bootstrap security for other networks, providing high-quality and affordable decentralized security.
It operates as a decentralized escrow marketplace, allowing ETH and EIGEN holders to stake their assets to operators running validation services for multiple protocols at the same time.
EigenLayer introduced a new token, EIGEN, that provides security that can be proven through social consensus but not on-chain cryptography (inter-subject security).
EIGEN uses a novel forked token design to provide this security while still maintaining DeFi composability.
EigenLayer's success could significantly enhance the Ethereum ecosystem by providing additional yield opportunities for ETH holders, promoting decentralization, and creating stronger security guarantees for decentralized applications central.
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