Posted 4/9/2024, 6:10:00 PM
EigenLayer Launches $12B 'Pooled Security' Service to Bolster Ethereum Scaling
- EigenLayer, a "restaking" service for Ethereum, launched on the mainnet alongside EigenDA, a data availability service
- EigenLayer has already attracted $12 billion in deposits due to its innovation of "pooled security" to extend Ethereum's security to other protocols
- EigenDA is the first "actively validated service" on EigenLayer, helping protocols store transaction data
- The initial EigenLayer launch has restricted features, not yet including in-protocol payments and slashing
- EigenLayer’s points system has driven billions in deposits; "liquid restaking" services like Ether.fi funnel deposits into EigenLayer for a cut