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Easily convert EIGEN to HODL with ConvertOnline's efficient tool.
EigenLayer (EIGEN) is a decentralized protocol built on Ethereum that allows users to leverage their staked assets to secure additional services and applications. By utilizing a novel mechanism called 're-staking,' EigenLayer enables Ethereum validators to extend their security to various layers and projects, enhancing the overall ecosystem's efficiency and reducing the need for redundant capital.
HODL is a cryptocurrency designed for long-term investors who believe in holding their assets despite market volatility. The term 'HODL' originated from a misspelled forum post in 2013 and has since evolved into a popular mantra within the crypto community, encouraging patience and resilience in investment strategies.