The liquidity re-staking protocol EigenLayer has secured $100 million in funding from a16z

2024-02-22 20:40:09

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ChainCatcher news, according to Bloomberg, crypto venture capital firm a16z has invested $100 million in the liquidity re-staking protocol EigenLayer.

It is reported that EigenLayer was founded by Sreeram Kannan and supports tokens being deposited or "re-staked" into the network to support the validation of transactions on the blockchain, helping new projects built on Ethereum leverage the security of the blockchain to secure their own networks.

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EigenLayer Ethereum Re-staking Market