What is EigenLayer (EIGEN) Token? The Utility and Governance Token of the EigenLayer Protocol
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EigenLayer (EIGEN) is the native utility and governance token of the EigenLayer protocol, a blockchain-based platform designed to enhance the security and scalability of various decentralized applications (dApps) and blockchain networks. EigenLayer introduces a concept known as restaking, allowing users to reuse their existing staked assets (e.g., ETH) to secure additional services on other networks.
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