EigenLayer is a groundbreaking protocol that leverages the Ethereum blockchain to introduce a novel concept known as restaking. This innovative approach to cryptoeconomic security allows Ethereum stakers to reuse their staked ETH or Liquid Staking Tokens (LST) across various decentralized services within the EigenLayer ecosystem. By opting into EigenLayer smart contracts, stakers can extend the security of their staked assets to support additional applications on the network, thereby earning extra rewards for their contributions.
