Eoracle final call for the eigenlayer hackathon spaces This is on top of their previous $100m series b lead Electron + aligned 🌐 ecosystem news tvl watch.
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Discussions about eigenlayer’s ecosystem, governance, and protocol research
Eigenlayer is an open source protocol for shared, programmable security on ethereum, enabling eth restaking to extend cryptoeconomic security across the network and foster open innovation.
In simple terms, eigen layer is a new layer being developed on top of the ethereum blockchain to create an ecosystem similar to cosmos and polkadot 😀 before ethereum, it was not possible to launch decentralized programs on the bitcoin blockchain, so researchers were looking for a new blockchain infrastructure where people could take security and block space to launch their crypto projects. • eigenlayer is a marketplace for decentralized trust on the ethereum blockchain⛓️ • it allows staked eth to be rehypothecated, meaning users can stake their eth to secure ethereum and stake it elsewhere without unstaking • this means that protocols can benefit from the security of the ethereum blockchain, as the staked collateral secures both ethereum and the protocol🔥 • users. We joined the eigen operator set early and ran an operator with high uptime we accumulated stake and several stakers, this info is available on eigen layer operator dashbaord where possible we tested restake functionality extensively across the different tokens but also our own test eth on georli beacon node. $14.5b eigen claims are open new avss live on mainnet build on eigen puffer mainnet lyra announces tokenized derivatives yield near’s fast finality layer on holesky avs spotlight
Funding alignment between both eigen layer’s and community best interests Funding would obviously have to be heavily audited and reported back to the community on a quarterly basis at a minimum. A new developer platform to build powerful, verifiable apps on any blockchain A new platform for building highly expressive and sophisticated crypto apps
A16z has purchased an additional $70 million in eigen to accelerate eigencloud’s growth