EigenLayer Becomes the Second Largest DeFi Protocol

EigenLayer’s innovative restaking model enables users to deposit ETH and a variety of liquid staking tokens, which are subsequently utilized to secure external networks. This collaborative security system supports third-party applications, referred to as actively validated services, in safeguarding themselves through a communal pool of restaked ether. By adopting this method, not only does it bolster security measures, but it also encourages user engagement within the network.