DeFi concept: Restaking
· Restaking means taking ETH or liquid staking tokens that have already been staked and using them to secure other networks in exchange for additional rewards.
· Services that borrow EigenLayer’s security are collectively known as AVSs, such as the data availability service EigenDA.
$EIGEN is a token in the EigenLayer ecosystem, a restaking protocol.
#EIGEN
· Restaking means taking ETH or liquid staking tokens that have already been staked and using them to secure other networks in exchange for additional rewards.
· Services that borrow EigenLayer’s security are collectively known as AVSs, such as the data availability service EigenDA.
$EIGEN is a token in the EigenLayer ecosystem, a restaking protocol.
#EIGEN