# Eigen Layer

EigenLayer is a pioneering Ethereum-based protocol that introduces “restaking,” enabling users to reuse their staked ETH or liquid staking tokens to secure a wide range of decentralized services, known as Actively Validated Services (AVSs), thereby creating a marketplace for pooled cryptoeconomic security and reducing fragmentation across the Web3 ecosystem. Through this model, EigenLayer allows stakers to earn additional rewards by supporting multiple protocols simultaneously, while developers can leverage Ethereum’s robust security without needing to bootstrap their own validator networks. \
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The EIGEN token underpins the ecosystem, serving as a universal work token for staking, governance, and securing tasks that require intersubjective verification, such as data availability and oracle inputs. EigenLayer was founded by Sreeram Kannan and developed by EigenLabs, and it has attracted significant investment from leading venture capital firms including Blockchain Capital, Polychain Capital, Electric Capital, Coinbase Ventures, Hack VC, and Figment Capital

You can find the link to the block explorer below:

{% embed url="<https://dashboard.eigenexplorer.com/>" %}

* [Validator Address](#validator-address)
* [Staking Guide](#staking-guide)
* [Performance](#performance)
* [Staking Mechanics](#staking-mechanics)

### Validator Address

{% tabs %}
{% tab title="Mainnet" %}

<table><thead><tr><th width="202">Type</th><th>Value</th></tr></thead><tbody><tr><td>Validator Name</td><td>Luganodes</td></tr><tr><td>Validator Address</td><td>0xa3ff1491088715D140bc821A28287cB3f71B43E4</td></tr></tbody></table>
{% endtab %}
{% endtabs %}

### Staking Guide

{% embed url="<https://www.luganodes.com/blog/eigenSG/>" %}

### Performance

{% embed url="<https://app.eigenlayer.xyz/operator/0xa3ff1491088715D140bc821A28287cB3f71B43E4>" %}

### Staking Mechanics

<table><thead><tr><th>Metrics</th><th>Details</th><th data-hidden>Details</th><th data-hidden></th></tr></thead><tbody><tr><td>Reward Frequency</td><td>Dependant on AVS</td><td></td><td></td></tr><tr><td>Auto-compounding</td><td>No</td><td></td><td></td></tr><tr><td>Penalty</td><td>Dependant on AVS</td><td></td><td></td></tr><tr><td>Slashing</td><td>There are two primary categories of slashing on EigenLayer:<br>- Objective: Double signing, Invalid blocks<br>- Intersubjective: Oracle Manipulation, </td><td></td><td></td></tr><tr><td>Stake Lockup</td><td>No ( Instant Delegation )</td><td></td><td></td></tr><tr><td>Unbonding Period</td><td>7 days</td><td></td><td></td></tr></tbody></table>


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