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Easily convert EIGEN to USDY 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.
Ondo US Dollar Yield (USDY) is a cryptocurrency designed to provide a stable and yield-generating asset, pegged to the US dollar. It aims to combine the safety of traditional currencies with the benefits of blockchain technology, offering users a reliable means of storing value while earning interest on their holdings.