🛡️EigenLayer - A Deep Dive Thread

Eigenlayer, a groundbreaking protocol on Ethereum that's shaking things up! This thread will unpack its potential and how it's redefining DeFi security.

Let's deep dive now👇
1/ Reusing Staked Assets

EigenLayer introduces "restaking," allowing you to contribute to the security of multiple services within the Ethereum ecosystem. This not only increases the TVL to a staggering $15 billion but also opens doors for exciting possibilities.

2/ Stronger Security for Ethereum

By diversifying Ethereum's security through restaking, EigenLayer strengthens trust assurances for various services. This not only benefits individual projects but also bolsters the entire Ethereum ecosystem.

3/ How EigenLayer Works

EigenLayer builds upon Ethereum's existing staking system. You deposit your ETH or LSTs and choose specific smart contracts to support. Through restaking, your assets contribute to the security of those services, making the entire network more robust.

4/ EigenDA

EigenDA is an Actively Validated Service (AVS) that integrates with Ethereum through EigenLayer. It ensures secure, efficient, and scalable data storage and accessibility. By delegating your stake to node operators for validation tasks, you contribute to faster transactions and lower costs.

5/ EIGEN Airdrop

The EigenLayer airdrop, labeled as stakedrop, distributes EIGEN tokens to the community. In Season 1, 5% of the initial supply is allocated to active restakers. Claims open on May 10, 2024, rewarding community participation and contributions

6/ Intersubjective Forking

EigenLayer tackles subjective faults in blockchain systems through a novel concept called intersubjective forking. This feature enforces penalties on offending parties by slashing their stakes in a forked version of the token. It's a powerful tool for ensuring responsible behavior within the network.



#EigenLayer #GemxCrypto