EigenLayer - From I Can't to EIGEN

EigenLayer aims to reunite fragmented security and trust in the blockchain ecosystem by leveraging Ethereum’s robust security capital and validator set to bootstrap security for other networks, providing affordable and high-quality decentralized security. It functions as a decentralized trust marketplace, allowing ETH and EIGEN holders to stake their assets to operators who run validation services for multiple protocols simultaneously. EigenLayer has introduced a new token, EIGEN, that provides security that can be proven through social consensus but not cryptographically onchain (intersubjective security). EIGEN utilizes a novel token design that forks to provide this security but still maintains DeFi composability. EigenLayer's success can significantly enhance the Ethereum ecosystem by providing additional yield opportunities for ETH holders, fostering decentralization, and creating stronger security guarantees for decentralized applications.