Samson Rope has a PDF on how to do an eye splice on used double braid. I have tried it and it works. Unlike a normal splice where both the cover and core are buried making the eye part of the splice 2 times as strong as the line, they only use half the line so one side of the splice is half the line strength. But as it is only taking half the load, the basic theoretical strength of the splice should be line strength. But given that the alternative is probably a knot and that knot is going to cut the strength in half, you are most likely better off even if the used splice is not line strength. At least that is how I looked at it.
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