What is EigenLayer (EIGEN)
EigenLayer's token, EIGEN, plays a crucial role in its restaking protocol, which enhances the security and economic incentives of Ethereum's decentralized infrastructure. Through mechanisms like slashing and token forking, EIGEN incentivizes honest validation, penalizing malicious actors to maintain network integrity.
EIGEN also supports various blockchain services, ensuring functions like censorship resistance and data availability. Its dual-token model isolates staking risks, ensuring smooth DeFi operations even during forks.
Discover more about EIGEN on the Bitfinex Blog.
Supported Transport Protocol
- ERC-20
Supported Blockchain
- Ethereum
Useful links