Eigen Labs acquires Rio Restaking, opens LRT code
The Eigen Foundation is acquiring Rio Network’s intellectual rights and will open-source its liquid restaking token as a reference implementation in the EigenLayer ecosystem.
Eigen Labs, the company behind the EigenLayer protocol, has announced the acquisition of the restaking platform Rio Network. The deal will see Rio’s intellectual property code made open source.
According to an announcement on June 12, the acquisition was carried out through two separate transactions. The Eigen Foundation is acquiring Rio Network’s intellectual rights, including its liquid restaking token (LRT) technology, which will be open-sourced as a reference implementation in the EigenLayer ecosystem.
Meanwhile, Eigen Labs is the new home of Rio’s team, with a particular emphasis on developing EigenLayer. The companies did not disclose the value of the deal.
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Author: Ana Paula Pereira
