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EigenLayer EIGEN |
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$0.7723158 |
-4.25% (24h) |
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Marketcap |
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$181,477,042 |
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Volume 24h |
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$23,325,292 |
Description
EigenLayer is a decentralized protocol designed to extend the functionality of Ethereum’s proof-of-stake (PoS) network. It allows users to "re-stake" their Ethereum (ETH) and participate in additional decentralized applications (dApps) and networks beyond Ethereum. By leveraging the security and decentralization of Ethereum, EigenLayer enables users to participate in a wider variety of DeFi protocols and services while ensuring that their staked ETH is secured. The protocol also enhances the scalability of Ethereum-based solutions by utilizing innovative consensus mechanisms and adding an extra layer of security through additional staking activities. EigenLayer’s primary goal is to enhance Ethereum’s ecosystem and provide more opportunities for ETH stakers to earn rewards and participate in governance.