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Ethereum Restaking Protocol EigenLayer Is Raising $50 Million

EigenLayer, an Ethereum restaking protocol that is yet to launch, is raising $50 million in a Series A funding round, two sources with knowledge of the matter told The Block.

The round looks set to give EigenLayer a $250 million post-money equity valuation and a $500 million token valuation or fully diluted valuation (FDV), the sources said. FDV refers to the total value of a project assuming all of its tokens are in circulation.

The fundraising process began prior to November's collapse of crypto exchange FTX and is expected to be finalized soon, according to three separate sources. EigenLayer didn't respond to a request for comment.

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