Eigen Labs announces the acquisition of the liquidity re-staking network Rio Network.

Eigen Labs announced on X the acquisition of the liquidity re-staking network Rio Network to accelerate its mission of creating an open and verifiable cloud. The code and intellectual property of Rio Network will be purchased separately by the Eigen Foundation and will serve as a reference implementation within the EigenLayer ecosystem to better support emerging and developing LRTs. The Rio team will soon join Eigen Labs.