Coinbase Adds Highly Anticipated Yet-To-Be-Launched Ethereum Restaking Altcoin to Listing Roadmap
Top US crypto exchange Coinbase has added a yet-to-be-launched Ethereum (ETH) restaking project to its roster of potential upcoming listings. In an announcement, Coinbase says that it has added EigenLayer (EIGEN) to its listing roadmap, which the exchange uses for transparency and to prevent insider trading on coins prior to them being listed. EigenLayer aims to provide restaking services for ETH stakers. Users that stake ETH can opt in to EigenLayer and rehypothecate their coins on its network to use for other applications. The advent of restaking and other liquid staking derivatives allows users to stake their coins without forgoing other opportunities while doing so, increasing capital efficiency and value accrual to the token. According to Ethereum development firm Consensys, EigenLayer has the potential to improve Ethereum’s fee model. “In short, this model creates a flow of value that grows along with the network: Ethereum supplies security to ...