EigenLayer is a protocol that operates on the Ethereum blockchain, introducing the  concept of "restaking collective." This allows ETH stakers to enhance and support various applications within the Ethereum ecosystem.

By establishing a dynamic marketplace for decentralized trust, EigenLayer enables developers to leverage the collective security offered by a pool of stakers. In turn, stakers can play a role in fostering the growth of these projects.

EigenLayer employs a modular security framework that permits stakers to allocate their staked ETH to secure specific network functionalities, known as modules.

Ethereum stakers can restake their ETH through EigenLayer smart contracts, which provide a fresh array of security and validation services tailored to particular modules. This is accomplished by enabling EigenLayer contracts to impose specific conditions on the staked assets. #eigen $EIGEN