EigenLayer

EigenLayer

Created using Figma
EigenLayer is a protocol built on Ethereum that introduces restaking, a new primitive in cryptoeconomic security. This primitive enables the reuse of ETH on the consensus layer. Users that stake ETH natively or with a liquid staking token (LST) can opt-in to EigenLayer smart contracts to restake their ETH or LST and extend cryptoeconomic security to additional applications on the network to earn additional rewards.
Data is not available
To be announced
Token Details
Ticker
EIGN
Total supply
1,000,000
Additional Details
Categories
Platform

About EigenLayer

EigenLayer is a set of smart contracts on Ethereum that allows consensus layer Ether (ETH) stakeholders to opt in to validating new software modules built on top of the Ethereum ecosystem. Stakers opt in by granting the EigenLayer smart contracts the ability to impose additional slashing conditions on their staked ETH, allowing an extension of cryptoeconomic security. By opting in to EigenLayer, stakeholders can validate for many types of modules including consensus protocols, data availability layers, virtual machines, keeper networks, oracle networks, bridges, threshold cryptography schemes, and trusted execution environments. Instead of fragmenting security between modules, EigenLayer aggregates ETH security across all of them. This increases the security of the decentralized applications (DApps) that rely on the modules. In addition, the value of Ether increases due to new fee-sharing opportunities from these manifold modules.

EigenLayer also acts as a staging system for Ethereum, where new innovations such as Danksharding and proposer/builder separation can be battle-tested in manifold variations before the best ideas can be integrated back into Ethereum. Finally, EigenLayer ushers in a new era of permissionless innovation, in which innovators do not need to build their own trust networks in order to implement new distributed validation modules, but can instead rely on the security and decentralization provided by ETH restakers via EigenLayer.

With EigenLayer, Ethereum stakeholders can help secure many services by restaking their staked ETH and opting-in to many services simultaneously, providing pooled security. Reusing ETH to provide security across many services reduces capital costs for a staker to participate and significantly increases the trust guarantees to individual services.

Anyone building a new decentralized service for Ethereum must bootstrap a new trust network to secure their system, fragmenting security. EigenLayer solves this problem by enabling any service, regardless of its composition (e.g. EVM-compatibility), to tap into the pooled security of Ethereum's stakeholders, creating an environment for permissionless innovation and free-market governance.

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EigenLayer Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Sreeram Kannan
CEO
unverified
Robert Raynor
ENGINEERING
unverified
Soubhik Deb
ENGINEERING
unverified
Vyas Krishnan
PRODUCT
unverified
Bowen Xue
ENGINEERING
unverified
Jeffrey Commons
ENGINEERING
unverified
Gautham Anant
ENGINEERING
unverified
Siddhartha
ENGINEERING
unverified
Calvin Liu
CSO
unverified
Daniel Mancia
ENGINEERING
unverified
Chris Dury
COO
unverified
Sam Laferriere
ENGINEERING
unverified
Chris Moller
ENGINEERING
unverified
Sid Sanyal
VP OF ENGINEERING
unverified
Liz Vortman
RECRUITING DIRECTOR
unverified
Matheus Pereira
ENGINEERING
unverified
Wellington Barbosa
ENGINEERING
unverified

EigenLayer Last News

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EIGN

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