EigenLayer and EigenDA Launch on Ethereum Mainnet
EigenLayer, a “restaking” service for Ethereum that has already racked up $12 billion in consumer deposits, introduced right this moment that it’s formally launching to the blockchain’s mainnet.
Eigen Labs, the event agency behind EigenLayer, introduced the launch on Tuesday on EigenLayer’s X account.
EigenLayer’s pitch is that it lets upstart blockchain protocols borrow Ethereum’s safety. The platform permits customers to take ETH they’ve staked with Ethereum, and to “restake” it with a a lot bigger pool of ETH from different customers.
That restaked ETH is used to safe different networks, known as actively validated providers (AVSs), which could be something from blockchain bridges to exchanges or oracles.
EigenLayer’s preliminary launch, which comes alongside the launch of EigenDA, Eigen Labs’ in-house knowledge availability service, can have a restricted function set in the meanwhile.
