Binance Announces Listing of EigenLayer (EIGEN)

The Binance exchange has announced the listing of the resstaking solution EigenLayer (EIGEN) on October 1, 2024.

Binance Announces Listing Of Eigenlayer (eigen)

Binance announces the listing of the restaking solution EigenLayer (EIGEN) and will open trading for the following spot trading pairs at 05:00 (UTC) on 2024-10-01:

  • EIGEN/BTC
  • EIGEN/USDT
  • EIGEN/FDUSD
  • EIGEN/TRY

Users can start depositing EIGEN in preparation for trading. Withdrawals will be available at 05:00 (UTC) on 2024-10-02.

EIGEN Listing Fee: 0 BNB.
EIGEN Smart Contract Address (ERC20): 0xec53bF9167f50cDEB3Ae105f56099aaaB9061F83

Open a Binance Account Here!!!

What is EigenLayer (EIGEN)?

What is EigenLayer (EIGEN)?
What is EigenLayer (EIGEN)?

EigenLayer is a pioneering project that introduces the restaking model, a solution to address the issue of layered security. Restaking is a smart contract that allows ETH stakers to reuse their staked ETH to enhance the security of other protocols.

EigenLayer acts as an intermediary layer, enabling stakers to grant additional execution rights to staked ETH, supporting restaking into other protocols to ensure security. Restaking provides benefits for both the protocol and the restaker:

  • Benefit for the protocol: The security of Ethereum and the associated protocols is strengthened through staked assets.
  • Benefit for the restaker: Earn rewards from staking ETH and from the secured protocols.

Restakers will receive additional rewards in exchange for securing other protocols, but they also face risks from the slashing conditions of these protocols.

Related: What is Restaking? Projects Benefiting After Ethereum ETF

0.0/5

Love

Latest

Azcnews Breaking Zklend Loses $4.9m In Starknet Exploit

News | Editor Choice | Policy & Regulations

zkLend Loses $4.9M in Starknet Exploit, Offers Hacker 10% Bounty for Return of Funds

Decentralized lending protocol zkLend has fallen victim to a $4.9 million exploit on the Starknet network, marking a resurgence in crypto-related hacks after a decline in January.

Azcnews Breaking Us And Uk Refuse To Sign International Agreement On Ethical Ai

News | AI | Editor Choice

US and UK Refuse to Sign International Agreement on Ethical AI

The US and UK declined to sign an international AI agreement, citing concerns over excessive regulation, while the summit emphasized ethical AI development, innovation, and global cooperation.

Azcnews Breaking Bitcoin’s Price Fluctuation And The Role Of Otc Transactio

News | Bitcoin | Editor Choice

Bitcoin’s Price Fluctuation and the Role of OTC Transactions

Bitcoin briefly dropped to $94,900 last night before recovering slightly. While market sentiment and institutional strategies often dominate discussions on Bitcoin’s volatility, the impact of over-the-counter (OTC) transactions remains an overlooked but crucial factor.

Azcnews Breaking Bnb Chain’s Four.meme Suffers $183k Exploit In Security Breach

News | Editor Choice | Memecoin

BNB Chain’s Four.Meme Suffers $183K Exploit in Security Breach

The memecoin launch platform has temporarily suspended the creation of new liquidity pools as it works to resolve a recent exploit.

Azcnews Breaking Litecoin Etf Has A 90% Chance Of Sec Approval

News | Altcoin | Editor Choice | Policy & Regulations

Litecoin ETF Has a 90% Chance of SEC Approval

Bloomberg ETF analysts suggest that Litecoin's regulatory filings have been acknowledged, indicating that the SEC likely classifies it as a commodity.