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EIGENgovernance

EigenLayer

Native token of EigenLayer restaking protocol enabling shared security.

Price$3.00
Market Cap$5B
Categorygovernance
Last UpdatedFeb 17, 2024
Available On
Ethereum
Yield Opportunities
staking

What is EIGEN?

EIGEN is the native token of EigenLayer, the pioneering restaking protocol that extends Ethereum's security to other applications. EIGEN serves as work token for intersubjective slashing and governance of the EigenLayer ecosystem.

Key Statistics

MetricValue
. . . .. . . -
Market Cap$5B+
Total Supply1.67B EIGEN
TVL Secured$15B+
Primary ChainEthereum

How EIGEN Works

Intersubjective Staking: EIGEN can be staked to secure intersubjective faults (social consensus issues). Governance: EIGEN holders govern protocol parameters and upgrades. Work Token: Required for certain AVS operations and dispute resolution.

Yield Opportunities with EIGEN

Staking: Stake EIGEN to secure the protocol and earn rewards. Governance Participation: Vote on key protocol decisions. Liquidity Provision: Provide EIGEN liquidity on DEXs.

Risk Considerations

Slashing Risk: Staked EIGEN can be slashed for protocol violations. Token Inflation: Future emissions could dilute value. Regulatory Risk: Restaking faces regulatory uncertainty.

Frequently Asked Questions

What is EIGEN used for?

EIGEN is used for intersubjective staking, governance, and AVS security.

How do I get EIGEN?

EIGEN is available on major exchanges and through Season 2 rewards.

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