EigenLayer (EIGEN), a cryptocurrency re-staking protocol, has launched a slashing testnet via X. The testnet includes a slashing mechanism that penalizes validators who fail to provide proper service, EigenLayer explained. The slashing mechanism is designed to maintain the security and integrity of the EigenLayer network, encouraging validators to adhere to the protocol's rules and perform their duties diligently. Slashing involves deducting a portion of a validator's stake as a penalty for misbehavior or negligence. EigenLayer emphasized the importance of validator participation and the potential impact of slashing on their rewards. By actively participating in the testnet and adhering to the protocol's requirements, validators can contribute to the stability and security of the EigenLayer ecosystem. The launch of the slashing testnet marks a significant step in EigenLayer's development, demonstrating the team's commitment to building a robust and reliable platform for cryptocurrency re-staking.