As I understand it @eigenlayer it will be similar to an insurance company.

The current Ethereum chain is nothing but a mess.

Sell ​​reputation through Eigenlayer. Projects that want to rent Ethereum reputation will need to stake $EIGEN .

New projects that are still in development need credibility. And when those projects have problems, such as Fork scams, Eigenlayer will solve them.

The internal mechanism will need Retake $ETH . Simply put, reputation = money = Retake $ETH . If you put in $ETH , you will have more interest. There is no insurance company that does not collect money.

And need $bEIGEN (staked $EIGEN ). $bEIGEN is the most meme-able token, this is the Intersubjective token.

But the simple explanation $bEIGEN or $EIGEN after staking is the amount of money to resolve disputes when AVS has problems, Forks, etc.

This token will (theoretically) increase in value as the number of AVS increases, and the more AVS the Eigenlayer secures, the more its value will increase.

That's the theory, in reality the quality of AVS is very very important. And currently there is no AVS that has achieved product market fit.

This can be said (in theory) to be the best $ETH beta one can think of. But trading can be different. For example, if $ETH increases, people do not long $EIGEN but long $PEPE for example.

Well Eigenlayer has not announced the tokenomic details yet. But that is beyond the topic of this post. I will keep this as a rare tech explanation post.

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