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EigenLayer is a decentralized network that enables scalable, secure, and decentralized data validation and storage. It utilizes a unique architecture that combines validation, governance, and data security, allowing for the creation of decentralized applications (dApps) and protocols. EigenLayer tokenomics model involves two tokens: Eigen (EIG) for validation and governance, and Lido stETH (LST) for data security and restaking. By providing a decentralized infrastructure, EigenLayer aims to support the growth of Web3 and decentralized technologies.