▫️Eigenpie (EigenLayer)
Last updated
Last updated
EigenLayer, boasting billions in TVL, is an infrastructure built on Ethereum, designed to enhance security in the crypto world. It introduces the concept of “Restaking,” which allows users to utilize their ETH or ETH LSTs more than once. This can be considered as reusing ETH or ETH LSTs to augment security and earn additional rewards. Users that hold ETH, either directly or through Liquid Staking Tokens (LSTs), can leverage the technology of EigenLayer to “restake.” This means that the assets will contribute to the protection of more applications in exchange for incentives.
ETH, the native currency of the Ethereum blockchain, serves to validate and secure the network. Users can also deposit their ETH into liquid staking protocols to receive LSTs, which are staked versions of ETH that can be traded and transferred.
Eigenpie provides ETH and LST holders with the opportunity to boost their participation rewards and flexibility through liquid restaking. By depositing their ETH and LSTs on Eigenpie, users can validate new services via the EigenLayer framework and receive LRTs in return.
LRTs on Eigenpie are liquid restaked versions of ETH and ETH LSTs, enabling users to access new yield opportunities in DeFi while their underlying assets simultaneously validate the Ethereum network and other services, all without any required lock-up period. The LRTs issued by Eigenpie are also tradable and transferable.
