What’s the pitch?
Eigen's Story
Launched in 2023, EigenLayer is an Ethereum staking platform that allows users to "restake" their ETH, in a modular way which benefits both Ethereum's security and dApp development. This approach has positioned EigenLayer as a key innovation hub for decentralized applications and Ethereum upgrades, offering developers a simpler way to leverage existing validators rather than setting up new ones.
In 2024, EigenLayer expanded its reach by enabling Bitcoin restaking through a partnership with Threshold Network, allowing users to stake tBTC, a Bitcoin derivative, within the Ethereum ecosystem.This marks a crucial step for both Bitcoin and Ethereum interoperability and the evolution of BitcoinFi in the crypto space.