Modular Restaking
What is modular restaking?
The protocol allows for Ethereum validators to opt-in and validate other actively validated services (“AVS”), also called software modules, on top of the Ethereum ecosystem.
What is a module? It includes, but not is limited to a new blockchain, data availability layers, bridges, oracle networks and keeper networks.
Existing Ethereum validators can restake their ETH, while using existing hardware to validate new, innovating modules. Each module comes with its own objectively verifiable set of rules, that need to be followed by validators. Should a validator fail to follow the predefined rules, they risk getting their ETH slashed. In return, each module will pay the EigenLayer fees in the denomination of their specific token issued. These fees will go to all restakers validating the module.
Aggregating Ethereum security across modules increases their inherent security while benefitting from the world’s largest decentralised validator infrastructure. EigenLayer enables new applications while creating a positive flywheel effect by boosting Eigen native staked ETH yield.
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