EigenLayer Launches with Fanfare But Lacks Key Planned Features for Security

EigenLayer launched on Ethereum this week but is still missing core features like its reward system, slashing mechanism, and fee structure.

The project has attracted huge hype and deposits worth billions, with investors earning loyalty points they hope to convert later.

Key aspects like slashing and attributable security that underpin EigenLayer's security model remain unimplemented or vaguely defined.

The initial launch includes just one actively validated service (EigenDA) which lacks financial incentives and penalties to ensure honest behavior.

EigenLayer's founder acknowledges they should improve communication on changes and their roadmap to the broader ecosystem dependent on their code.