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https://warpcast.com/~/channel/eigenlayer
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Shruti
@shrutig
/eigenlayer Restaking Simplified 🧩 What is Restaking on EigenLayer? - EigenLayer is a protocol built on Ethereum. - Ethereum has people who lock up ETH (stake) to help secure the network. - EigenLayer lets those same people reuse their staked ETH to help secure other projects too — like oracles, bridges, or rollups. - It’s like getting more use out of the same ETH. 💰 Why would anyone do this? - Because they can earn more rewards by doing extra work — securing other systems while still securing Ethereum. - But… if they mess up, they lose money (this is called slashing).
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Shruti
@shrutig
🛡️ What's the big idea? - Instead of every new project building its own security, they can borrow Ethereum’s security using EigenLayer. - This: 1. Saves time and money. 2. Makes everything more secure. 3. Encourages innovation. 📦 Simple Oracle Example - Let’s say you’re building a DeFi app that needs ETH prices. - You need an oracle (a service that gives real-world data to the blockchain). - Instead of: 1. Creating your own oracle from scratch 2. Or trusting a centralized one - You can use EigenLayer: 1. Validators on Ethereum say, “Hey, I’ll help with your oracle.” 2. They use their already-staked ETH as a promise to behave. 3. They give ETH price data. 4. If they lie — they get slashed (lose ETH). 5. If they’re honest — they earn extra rewards.
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xfajarr.base.eth
@xfajarr.eth
nice content!
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