Restaking Protocol EigenLayer’s EIGEN Tokens Will Be Released in Coming Hours

Tyler Spalding, CEO / Co-Founder, Flexa, 2Chainz and Zack Seward, Deputy Editor-in-Chief, CoinDesk

EigenLayer lets users stake ether (ETH), which can be repurposed to secure other networks and secure additional rewards. The total value locked (TVL) on the protocol has dropped by more than 50% since June as a result of increased competition and a wider slump across the restaking sector. It currently has around $10 billion in TVL.

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