What is EigenLayer?

EigenLayer is a platform that enhances the security of various protocols by integrating them with Ethereum's security model through data availability services, eliminating the need for protocols to establish their own set of validators. It achieves this through a suite of smart contracts and enables Ethereum stakers to restake their tokens on EigenLayer. By doing so, stakers will earn extra yield while taking on the risk of slashing, using EigenLayer's Actively Validator Services (AVS) to secure multiple networks.