EigenLayer
Advanced
What Is EigenLayer?
EigenLayer is a blockchain protocol that introduced a novel concept called the "restaking collective" for Ethereum. This innovative approach creates a dynamic free market for decentralized trust.
Essentially, EigenLayer comprises smart contracts on the Ethereum blockchain, allowing Ethereum stakers to validate new software modules by opting into the protocol. This is achieved by granting EigenLayer contracts the ability to set additional conditions on staked ether (ETH), expanding the scope of security.
How Does EigenLayer Work?
1. Restaking for security and validation services
Ethereum stakers have the option to participate in EigenLayer by restaking their staked ETH. This involves offering security and validation services to specific modules within the Ethereum ecosystem. Stakers can contribute in two ways: