Restaking Crypto Explained: EigenLayer, Symbiotic, Slashing, and Contagion Risk

September 28, 2026

One overlooked mechanic behind the 2008 financial crisis was rehypothecation. The banks were reusing the same client collateral to back multiple obligations at the same time, so one default became a chain of defaults. Restaking crypto runs on a similar idea, but with smart contr…