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Easily convert EIGEN to LDO 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.
Lido DAO (LDO) is a governance token for the Lido decentralized autonomous organization, which provides a liquid staking solution for Ethereum and other proof-of-stake (PoS) networks. By allowing users to stake their assets while retaining liquidity, Lido enables users to earn staking rewards without locking up their assets indefinitely.