Hi Tokonauts,
We’re excited to announce the listing of EigenLayer (EIGEN), a new cryptocurrency, on our platform. This addition offers our users expanded services and more lucrative trading opportunities.
EigenLayer (EIGEN) trading is now live with the USDT pair (EIGEN/USDT) starting from October 1st, 2024, at 12:00 WIB.
About EigenLayer (EIGEN)
EigenLayer is a protocol designed to enhance the security and flexibility of blockchain networks. Essentially, it acts as an additional layer on top of existing blockchains like Ethereum. This layer enables validators (those who verify transactions on the blockchain) to perform multiple validation tasks simultaneously.
How Does It Work?
- Liquid Staking: EigenLayer allows users to "stake" their assets (e.g., ETH) with the protocol. In return, users receive liquid staking tokens (LRT) that can be traded.
- Restaking: These LRTs can then be used as collateral to perform additional validation tasks on other networks built on EigenLayer. This means validators don't need to lock up their assets again to participate in new networks.
- Multi-Tasking: With EigenLayer, validators can perform multiple validation tasks concurrently, increasing network efficiency and security.
Benefits of EigenLayer
- Enhanced Security: By involving more validators in the validation process, blockchain network security is significantly improved.
- Greater Efficiency: Validators can leverage their staked assets to generate additional income, increasing asset utilization efficiency.
- Faster Innovation: EigenLayer paves the way for the development of more complex and innovative decentralized applications (dApps).
EIGEN Token
The EIGEN token is the native token of the EigenLayer protocol. It is used for:
- Governance: Token holders have voting rights in protocol development decisions.
- Incentives: EIGEN tokens can be used to incentivize validators who contribute to network security.
- Staking: EIGEN tokens can be staked to earn additional rewards and support network security. Staking EIGEN tokens grants holders more voting power.
Details:
- EigenLayer (EIGEN) Website: EigenLayer (EIGEN)
Note:
- Cryptocurrency investments are highly risky. Always conduct your own research before investing.
- This information is for informational purposes only and should not be construed as investment advice.
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