NEAR Foundation and Eigen Labs Partner to Enhance Ethereum Rollups

#NEAR Foundation and #EigenLabs have partnered to develop a "fast finality layer" for Ethereum Layer 2 projects. This collaboration aims to significantly reduce transaction times to a few seconds and cut costs by 4,000 times, providing developers with improved liquidity and efficiency in the #Web3 environment. An upcoming #testnet is scheduled for release in Q1 2024.
$NEAR

Eigen Labs Strengthens Blockchain with Rio Network Acquisition. 🔥👀⚡

Eigen Labs, a leading force in the blockchain sector, has acquired Rio Network to expand the capabilities of its innovative protocol, EigenLayer. This strategic move brings together the strengths of both platforms, focusing on staking enhancements and multi-chain security.

Liquid Restaking Token (LRT) technology, developed by Rio Network, is a cornerstone of this integration. By standardizing liquid restaking across multiple blockchains and utilizing open-source principles, Eigen Labs seeks to deliver a seamless and adaptable staking experience for users across various networks.

With the addition of Rio Network's capabilities, EigenLayer can now bolster the security of multiple blockchains simultaneously. This amplified multi-chain security feature holds immense value in the growing decentralized finance (DeFi) sector, where safeguarding assets across diverse platforms is crucial.

Eigen Labs exemplifies its dedication to open-source principles by making LRT technology accessible to all. This fosters transparency, community-driven innovation, and widespread adoption, advancing blockchain technology. The acquisition aligns with EigenLayer's mission to optimize staked assets, enhancing flexibility and interoperability compared to traditional staking. It solidifies EigenLayer's position in blockchain and DeFi, offering solutions that elevate network efficiency and utility.

Eigen Labs' acquisition of Rio Network marks a pivotal moment in blockchain. The integration of Rio Network's technology strengthens EigenLayer's role in decentralized finance by creating a more interconnected and efficient blockchain infrastructure. This move enhances the potential of staked assets, improving security and usability across platforms. Committed to open-source principles, Eigen Labs underscores the importance of community collaboration in driving innovation. As EigenLayer advances, the blockchain community can expect a more secure, efficient, and interconnected future.

#EigenLayer #RioNetwork #EigenLabs

EigenLabs is preparing for a secure and successful launch of their EigenLayer mainnet, focusing on a multi-phased approach to ensure a smooth transition. It aims to minimize risks and optimize performance by meticulously introducing new functionalities in measured steps.

The phases outlined include a final testnet, pausing the webapp and contracts on mainnet initially, gradually allowing operator registrations, and launching EigenDA as the first AVS.

#EigenLabs #EigenLayer #HotTrends #EigenDA

EigenLabs has announced changes to the EigenLayer restaking ecosystem, including the introduction of three new LSTs, removal of 200k ETH individual caps, and a new approach for allocating restaking points.

The schedule for LST additions and the unpause phase has been shifted by one week, with the restaking window unpaused from February 5th to February 9th.

#EigenLabs #EigenLayer

⚡️ Near Foundation teams up with EigenLayer to enhance Ethereum rollup transactions

Near Foundation, the organization building out the Near protocol, has partnered with EigenLayer, a re-staking protocol. Under this partnership, projects will work along to make cheaper and quicker Ethereum rollup transactions, while reducing liquidity fragmentation between Layer 2s. As a result, transactions is expected to occur within three to four seconds while using low-latency cross rollup communication. $NEAR $ETH #NEAR #EigenLayer #EigenLabs

Eigen Labs, the core development team contributing to EigenLayer and EigenDA, has raised $100 million from a16z crypto, demonstrating their commitment to maximizing open innovation and fostering the future of crypto.

#EigenLabs #EigenLayer #Write2Earn #A16ZCrypto

⚡️ EigenLayer’s total deposits exceed $900M amid increased LST caps

EigenLayer has recorded a significant jump in user deposits amid the recent adjustment of deposit caps for liquid staking assets. Consequently, the protocol’s total value locked has risen from $250M to over $900M. The protocol's total deposits are currently equal to more than 410K ether. The protocol has recently expanded its range to include six additional LSTs: Swell’s swETH, Stakewise’s sETH, Stader’s xETH, Origin’s oETH, Ankr’s ankrETH and Wrapped Beacon Ether (wBETH).

#EigenLayer #EigenLabs #ANKR #Staking