EigenLayer Plans Shared Security Model, Re-stakes to be Used For All Network Services

Reported by The Block, re-staking protocol EigenLayer plans to adopt a "shared security" system, a mechanism allowing protocols to join the network by leveraging a common pool of ETH stakes.

EigenLayer offers a protocol for users to deposit and "re-stake" ether from various liquid staking tokens, aiming to allocate those funds to secure third-party networks. The project's first stage was released on the Ethereum mainnet in June 2023.

In the future, the team intends to nudge the project into a major decentralized application platform and enable other projects to launch, leveraging the so-called shared security.

That version will enable the amount of ETH re-stakes on EigenLayer — currently over $1.7 billion — to be supplied to all services developed on the network simultaneously for the sake of a common security mechanism. This would make it economically unviable for an attacker to take down any given protocol.