The Eigen Foundation, an organization that is self-sufficient and dedicated to promoting the development of EigenLayer, has released a token called EIGEN. This upgrade aims to enable Ethereum to protect its protocols using the so-called “restaking” method as well as a range of protocols unrelated to Ethereum. EigenLayer serves as the initiative’s foundation, utilizing staked ETH to offer crypto-economic security across various protocols. This gives rise to the “Shared Security Commons,” a pool with extensive reserves of customizable trust parameters. Therefore, this technical advancement greatly impacts the support for open innovation within the ecosystem.