According to Foresight News, Eigenlayer development company Eigen Labs announced the acquisition of Rio Network, a liquid restaking network, for an undisclosed amount. Eigen Labs did not build Liquid Restaking Token (LRT), and Rio Network's code and intellectual property will be acquired by the Eigen Foundation and will be open sourced to better support new and under-development LRTs. The Rio team will join Eigen Labs and will focus on enhancing the EigenLayer ecosystem with other members of the Eigen Labs team.