So, EigenLayer is a protocol that facilitates the staking or restaking of ETH across multiple networks and protocols for better rewards for the stakers, while ensuring security for the protocols by providing more liquidity to ensure smooth operations. 😎
Think of a middleman or a broker you’ve just met. He says he will take your money as an investment and pay you some interest. The methodology will be his own, but your money will grow. Will you trust him? 🤔
Have you ever heard of Usain Leo St. Bolt? Yup, the fastest man in the history of this world. Well, the innovation in the Blockchain space runs even faster than him! 🏃🏻♂️
Remember the amusement park analogy? Rides 🚋 are like different networks/protocols and the Safety Instructors 🦺 are analogous to AVS (Actively Validated Services).