Can a new network that doesn’t want to build a validator set from scratch borrow Ethereum’s security?
One term: services that borrow EigenLayer’s security are collectively called AVSs, such as the data availability service EigenDA.
It’s difficult for a new service to build a validator network from scratch. Restaking lets it borrow the economic security of Ethereum stakers.
Understanding this is better than memorizing a pile of jargon. Markets are always uncertain, so decide in advance what you’ll do if you’re wrong.
$EIGEN is the token of the restaking protocol EigenLayer.
One term: services that borrow EigenLayer’s security are collectively called AVSs, such as the data availability service EigenDA.
It’s difficult for a new service to build a validator network from scratch. Restaking lets it borrow the economic security of Ethereum stakers.
Understanding this is better than memorizing a pile of jargon. Markets are always uncertain, so decide in advance what you’ll do if you’re wrong.
$EIGEN is the token of the restaking protocol EigenLayer.