Native token of EigenLayer restaking protocol enabling shared security.
EIGENGovernance
On this page
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
Metric
Value
. . . .
. . . -
Market Cap
$5B+
Total Supply
1.67B EIGEN
TVL Secured
$15B+
Primary Chain
Ethereum
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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