EigenLayer

Unlike native staking alone, EigenLayer adds Ethereum shared security and actively validated services to the delegation process. The position depends on native ETH restaking, liquid staking token restaking, and EIGEN governance token; these mechanics matter more than a temporary quoted reward rate. Analysis of EigenLayer should distinguish temporary quoted yields from durable mechanics such as reward accrual, redemption, collateral reuse, and the operation of EIGEN governance token. Validator companies remain separate entities even when their infrastructure supports EigenLayer and its use of EIGEN governance token.