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Eigen priceEIGEN
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About Eigen (EIGEN)
Eigen is a protocol built on Ethereum that introduces restaking, a new primitive in cryptoeconomic security. This primitive enables the reuse of ETH on the consensus layer. Users that stake ETH natively or with a liquid staking token (LST) can opt-in to Eigen smart contracts to restake their ETH or LST and extend cryptoeconomic security to additional applications on the network to earn additional rewards.
Contract Address (ERC20):
0xec53bF9167f50cDEB3Ae105f56099aaaB9061F83
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Eigen news
Quick Take Hyve Labs develops a gaming rollup built using, among other technology, the decentralized data availability service EigenDA to act as a cross-chain game launcher. The firm intends to use the funds to grow out its team and developing its core infrastructure, such as launching its testnet chain, first game and other on-chain assets.
Quick Take Solana-based Switchboard Protocol is slated to become the first blockchain oracle network to tap Jito’s growing restaking platform. With nearly 70% of outstanding SOL staked, Solana restaking represents a $76 billion market opportunity.