Eigen Labs, creator of EigenLayer, a forthcoming crypto restaking platform on Ethereum, secured $100 million from a16z crypto. EigenLayer, core to the emerging “restaking” trend, repurposes ETH tokens staked for Ethereum to secure other networks. It lifted deposit limits, reaching $8 billion TVL. Liquid restaking protocols like Ether.fi and Puffer leverage EigenLayer, amassing over $1 billion TVL each.
Eigen Labs, Developer Behind Restaking Protocol EigenLayer, Raises $100M From A16z Crypto
