Staking · Restaking · EIGEN
EigenLayer (EigenCloud) is the pioneering restaking protocol: ETH stakers and LST holders restake to extend cryptoeconomic security to Actively Validated Services (AVSs) in exchange for additional rewards.
Restaking — reuse staked ETH to secure new services.
EIGEN price
$0.1696
-1.3% 24h
Latest data · 15 min delay
Restaked ETH and LSTs are held in EigenLayer's core strategy and delegation contracts. A bug in the restaking, delegation, withdrawal or slashing logic could lead to loss or wrongful burning of staked assets across many restakers at once.
Restaking layers new services on the same underlying ETH stake. Correlated slashing or cascading failures across multiple AVSs sharing the same operators/collateral could concentrate losses and, given EigenLayer's dominant share of restaking TVL, stress the broader Ethereum staking economy.
Operator concentration risk: stakers delegate to a limited set of operators who run the off-chain AVS software. A poorly run, malicious or compromised operator can be slashed (funds burned) since April 2025, causing losses for the restakers who delegated to it.
The EIGEN token introduces 'intersubjective forking' — social-consensus resolution of faults that cannot be proven on-chain. This gives token holders / social consensus discretionary power over what counts as misbehavior, and the Eigen Foundation controls emissions/incentives, creating governance and centralization risk.
Restaked collateral (ETH and liquid staking tokens) is exposed to the risk of the underlying LST depegging or the Ethereum consensus-layer slashing that already applies to staked ETH, compounded by the additional AVS-level slashing conditions layered on top.
