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Cryptocurrency News Video

10-8[Project] Eigenlayer founder: Eigen staking will become the main security method of Web3

Oct 09, 2024 at 07:27 pm LEO

Happy Tuesday everyone! Today, let’s take a look at EigenLayer, the king of the restaking track. After officially unlocking the listed EIGEN token on October 1, the founder (Sreeram Kannan) said that in the short term, decentralized finance (DeFi), and blockchain will be able to use high transaction volumes. Mainly focusing on chain games (GameFi), and then gradually expanding to the consumer market. The current price of EIGEN is US$3.7, with a fully diluted market value of nearly US$5.8 billion. EigenLayer has US$11 billion in re-pledged assets and provides "active verification service" AVS security for several 10 third-party protocols. Kannan said: "We are building a four-party market of "re-pledgers, node operators, AVS, and consumer applications", but the consumer segment has not yet fully covered the so-called pledge, just like you deposit money in a bank, or It is said that you lend it to the bank to earn interest; and to re-pledge is to take the IOU or note given to you by the bank and re-mortgage it to make money.
Video source:Youtube

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