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Home ยป EigenLayer Becomes Second Largest DeFi Protocol
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EigenLayer Becomes Second Largest DeFi Protocol

By adminJun. 6, 2024No Comments1 Min Read
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EigenLayer offers a distinctive restaking model that enables users to stake ETH and different liquid staking tokens. These assets are utilized to provide security for external networks. This innovative shared security approach is advantageous for third-party apps, known as actively validated services, as it allows them to enhance their security by using a combined pool of restaked ether. By participating in this network, users are not only incentivized but also contribute to the overall security of the system.

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