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Easily convert EIGEN to YB 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.
YieldBasis (YB) is a decentralized cryptocurrency designed to facilitate yield farming and liquidity provision within the DeFi ecosystem. It aims to optimize returns for investors by leveraging smart contracts and automated strategies to maximize yield on digital assets.