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EigenLayer, an Ethereum restaking protocol, is gaining traction within the blockchain community. The protocol allows users to 'restake' their already-staked ETH, creating a shared security pool for new decentralized applications (dApps). EigenLayer has raised over $160 million and is valued as a multibillion-dollar protocol. It aims to be a long-term infrastructure within the Ethereum ecosystem. The protocol is being integrated into various projects for social consensus mechanisms and cryptoeconomic security. Despite its growth, EigenLayer faces criticism for allowing locked EIGEN tokens to be staked without transparency. EigenLayer, led by Sreeram Kannan, is also building AWS-like infrastructure and has partnered with AutoLayer.
PARTNERSHIP: Do you know what is the biggest Web3 trend in 2024? Restaking. The best way to secure steady income out of assets that have already proved trustworthy. Meet @AutoLayer, the largest restaking marketplace, integrated with EigenLayer, Symbiotic, Renzo Protocol, and…
.@vyas_krishnan explains how @eigenlayer is building a crypto-based infrastructure, similar to AWS, with DA as a key tool for L2s. https://t.co/5lvgxj4ntV https://t.co/3DRo4oKnQy
Eigenlayer has raised $160mm+, is multibillion dollar protocol, and aims to be long term infrastructure within the Ethereum ecosystem. Yet, it continues to do shady things like: 1. Allow locked EIGEN to be staked with no transparency, then gaslighting that they announced it in… https://t.co/0eqspmVWaC
