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What is Restaking?

Restaking is a transformative concept in blockchain security, introduced by EigenLayer, a protocol built on Ethereum. It represents a new cryptoeconomic security primitive allowing the reuse of staked $ETH to extend cryptoeconomic security to a wide array of applications on the network.

Introducing EigenLayer​

EigenLayer is a groundbreaking protocol that unlocks the potential of staked $ETH, enabling it to secure additional services beyond the consensus layer. It allows users to restake their native $ETH or liquid staking tokens (LSTs) through smart contracts, thereby contributing to the security of various applications while earning additional rewards.

Why Restaking Matters​

Restaking through EigenLayer has several significant advantages:

  • Pooled Security: Ethereum stakers can restake their staked $ETH to provide pooled security across multiple services, reducing capital costs and elevating trust guarantees for each service.
  • Fragmentation Solution: By allowing any service to tap into Ethereum's staked security, EigenLayer addresses the fragmentation of security efforts, fostering a cohesive ecosystem for decentralized services.
  • Permissionless Innovation: EigenLayer's environment supports the seamless introduction of new services, enabling permissionless innovation and free-market governance where stakers choose which services to secure based on their risk-reward preferences.

EigenLayer: A Hub of Decentralized Services​

EigenLayer supports a variety of actively validated services (AVS), including but not limited to:

  • Sidechains
  • Oracle networks
  • Data availability layers
  • Bridges and keeper networks

Core Features of EigenLayer​

  • Liquid Staking: Users can stake their $ETH and receive LSTs, which can be traded or redeemed, allowing for liquidity and participation in DeFi ecosystems.
  • Native and LST Restaking: Stakers can opt to restake their assets natively or use LSTs to secure additional services within EigenLayer's framework.
  • Delegation and Operators: Stakers can delegate their staked assets to operators who run the infrastructure required for EigenLayer services, simplifying participation for those who may not wish to operate the software themselves.

Securing the Future​

EigenLayer's innovative approach to restaking and its on-chain slashing mechanisms ensure robust security aligned with the principles of decentralized governance. As a result, EigenLayer sets the stage for a more secure, efficient, and unified blockchain ecosystem.

For an in-depth understanding of restaking and the EigenLayer protocol read more in the EigenLayer Documentation.

EigenLayer is redefining the landscape of blockchain security by enabling stakers to contribute to the security of the entire network, ushering in a new era of interconnectedness and mutual growth.