What is EigenLayer and how does restaking work?

EigenLayer is a protocol that aims to leverage ether staked with Ethereum validators through a process called restaking.

EigenLayer is a protocol that aims to leverage ether staked with Ethereum validators to secure third-party protocols through a process called restaking. It is designed to provide security services built on its framework, with nodes expected to receive service payments.

As such, EigenLayer plans to adopt a “shared security” system — a mechanism allowing protocols to join the network by leveraging a common pool of ether stakes. EigenLayer’s own data availability solution, EigenDA, is the first AVS, followed by six others introduced in April 2024, including AltLayer, Brevis, Eoracle, Lagrange, WitnessChain, and Xterio. These services provide various functions to meet diverse needs within the Ethereum ecosystem.Liquid restaking allows owners to engage indirectly with EigenLayer transactions and use their staked ether in other DeFi activities.

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