EigenLayer(EIGEN) Token Unlock

Eigenlayer will unlock 1.29 million EIGEN tokens on November 12st, constituting approximately 0.69% of the currently circulating supply.

What Is EigenLayer(EIGEN)?

EigenLayer is a protocol built on Ethereum that introduces restaking, a new primitive in cryptoeconomic security. This primitive enables the reuse of ETH on the consensus layer. Users that stake ETH natively or with a liquid staking token (LST) can opt-in to EigenLayer smart contracts to restake their ETH or LST and extend cryptoeconomic security to additional applications on the network to earn additional rewards.

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