Ethereum re-staking sector EigenLayer

Token name: EigenLayer

Total token volume: 1.67 billion

Expected listing: Binance, OKX

Listing time: end of the second quarter of 2024

Lock mechanism: linear release for six months after one month of lock

Investors: A16z, Blockchain Capital lead, Coinbase Ventures, Hack VC, Electric Capital and others participate.

Project introduction:

EigenLayer is a protocol built on Ethereum that introduces the concept of re-staking, a new primitive in cryptoeconomic security. This primitive allows $ETH to be re-staked on the consensus layer. Users who stake $ETH can choose to join the EigenLayer smart contract to re-stake their $ETH and extend cryptoeconomic security to other applications on the network.

Project highlights:

EigenLayer is the first project to propose Restaking. There is currently no obvious competitor in its re-staking track. As an innovative concept, it has not been fully copied or imitated by other protocols!

EigenLayer introduces a new cryptoeconomic security primitive called re-staking, which allows Ethereum consensus layer stakers to choose to verify other modules and gain additional income and influence. This mechanism is unprecedented in the blockchain field and is also the trend and direction of future development.