EigenLayer (EIGEN) is a decentralized protocol and cryptocurrency that empowers innovators to explore new applications of blockchain technology by leveraging staked ETH or ERC20 tokens as cryptoeconomic security for various protocols beyond Ethereum. Created to maximize open innovation, EigenLayer introduces a shared security commons, enabling developers to build a wide range of applications, including transaction ordering, databases, prediction markets, storage services, oracles, and artificial intelligence. The EIGEN token, designed to complement ETH restaking, provides a mechanism to handle "intersubjective" faults, or behaviors that are not identifiable on-chain but warrant a penalty, through a process called "intersubjective forking." With its unique governance system, EigenGov, and the support of the Eigen Foundation, EigenLayer is poised to accelerate the growth of its ecosystem, providing a secure, decentralized, and scalable solution for the next generation of blockchain applications.
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