EigenLayer ( #EIGEN ) is a protocol on the Ethereum blockchain for implementing a new concept of restaking, which allows you to use your ETH or liquid staking tokens in various decentralized services. Ranks ~99 on SMS đ
â«ïž Founders and developers of the project đ€ :
- Sriram Kannan is the founder and chief architect of EigenLayer and was previously an associate professor in the Department of Electrical and Computer Engineering at the University of Washington.
â«ïž Market indicators đ : normal.
- Capitalization: ~$638 M, short-term upward dynamics.
- 24h trading volume: ~$368 M
â« Market launch date: October 2024.
â« Revolving Supply: ~83%
â«ïž Documentation and development âïž :
- WhitePaper / documentation - present, everything is described in sufficient detail.
- RoadMap - development plans for 2024 are present and being implemented.
- GitHub - 63 repositories have been created, active development is visible.
â«ïž Price dynamics đ đ : impossible to estimate, the coin has just appeared on the market and is in the correction stage.
â«ïž Additional disadvantages âïž :
- This is a new coin on the market that will need time to prove its place in it.
- High barrier to entry: the restaking requirement may discourage less technically savvy users.
- Restaking on EigenLayer increases the risk of penalties, as participants are responsible for both traditional staking and restaking duties.
- The project previously faced a massive outflow of deposits after the announcement of the launch of the EIGEN token
â ïž The coin is interesting for investment, there are no significant problems. In terms of development, promotion, market indicators - everything is good. The only thing is, I would wait for some time and watch from the sidelines to make a balanced decision and buy EIGEN
