The above is a message from Binance about Eigenlayer. Why is it that besides A16Z’s participation, even An An has started to post articles now!!!
Regarding Eigenlayer, we have to talk about the topic of re-staking. First of all, we need to know what re-staking is.
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Re-staking is to re-stake assets that have been pledged on Ethereum to obtain returns and obtain secondary returns. Currently, all re-staking related projects provide higher returns for holders of Ethereum assets, and therefore are very popular in the market.
Eigenlayer is a platform that provides services to pledgers, operators and developers. When the platform links a large number of ecological projects, its risk resistance will be further enhanced. Eigenlayer already has dozens of important ecological participants, all of whom rely on Eigenlayer for support.
EigenLayer Project Introduction
EigenLayer is a middleware protocol based on Ethereum. It introduces the concept of re-staking, allowing Ethereum nodes to re-stake their staked ETH or LSD tokens to other protocols or services that require security and trust, thereby obtaining double benefits and governance rights. At the same time, the utility of the Ethereum consensus layer can also be passed outward to various middleware, data availability layers, side chains and other protocols, allowing them to enjoy Ethereum-level security at a lower cost.
With EigenLayer, Ethereum stakers can help secure multiple services by re-staking their staked ETH, choosing from a wide range of services at once and providing pooled security. This not only reduces the capital cost of staker participation, but also significantly increases the trust guarantee of a single service.
EigenLayer aims to solve the fragmented security problem of decentralized applications built on Ethereum. It enables any service, regardless of its composition, to leverage the collective security provided by Ethereum stakeholders, thereby fostering an environment of permissionless innovation and free market governance.
Key highlights: Re-staking leader; modular protocol; win-win ecological platform; support from top institutions; implementation of multiple ecological applications
As the largest public chain, Ethereum has a very large ecosystem, with hundreds of thousands of active users every day, completing billions of dollars of transactions on Ethereum. The key to supporting the huge system lies in the pledgers and developers, who form the foundation of a huge business empire. And they are also the key targets of Eigenlayer's services.
Why is EigenLayer the leader in re-staking?
EigenLayer introduces two new concepts, re-staking and free market governance, to extend the security of Ethereum to other systems and improve the efficiency of governance.
Re-pledge
EigenLayer allows users to stake ETH on Ethereum for a second time on EigenLayer. These second-stake assets can be used for data availability layers, oracles, middleware, Layer2, etc. Validators can also receive corresponding rewards by providing security and verification services.
Free market governance
EigenLayer allows validators to freely choose which modules to participate in based on their risk preferences, but the premise for validators to make profits is to ensure security. EigenLayer's governance model has two advantages. The first is to integrate the robust underlying blockchain into fast and efficient elements. The second is that the optional validator model allows new modules to compete for other resources among validators, thereby better balancing security and performance.
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How popular is EigenLayer in the market?
Eigenlayer has 272,000 followers on Twitter
The Discord community has 210,000 people, of which 50,000 are active online. As an infrastructure platform protocol, the popularity and community users of the social networking site exceed those of PEPE in the MEME track, which shows that both institutions and retail investors have very high expectations for the project.
Financing
EigenLayer has received high recognition and support from the capital market in the early stages of the project. EigenLayer has completed three rounds of financing, with a total amount of more than 64 million US dollars, including the latest round of A financing, with a valuation of up to 500 million US dollars. These data fully demonstrate EigenLayer's leading position and huge potential in blockchain security and scalability. At the same time, sufficient funds also provide a strong guarantee for its subsequent development and growth, allowing it to better serve the Ethereum ecosystem and other protocols.
EigenLayer Project Advantages
Innovation: EigenLayer introduces a new cryptoeconomic security primitive called re-staking, which allows stakers of the Ethereum consensus layer to choose to verify other modules and gain additional income and influence. This mechanism is unprecedented in the blockchain field and is also the trend and direction of future development.
Technical advantages: EigenLayer utilizes the stakers of the Ethereum consensus layer as validators, thus providing a high degree of decentralization and security, avoiding the trust risk of centralized service providers or their own tokens. EigenLayer provides a free market mechanism for stakers and modules, allowing them to choose and pay based on risk and return, thereby improving efficiency and flexibility and avoiding rigid governance structures.
Scalability: EigenLayer supports various types and levels of blockchain technologies, including consensus protocols, data availability layers, virtual machines, guardian networks, oracle networks, bridges, threshold encryption schemes, trusted execution environments, etc. These technologies are among the most important and active technologies in the blockchain field, and are also among the technologies with the most potential and prospects for future development. EigenLayer can provide basic services such as security, scalability, and interoperability for these technologies, thereby promoting innovation and diversity in blockchain applications.
Influence: EigenLayer expands Ethereum's trust network, allowing any system to absorb Ethereum pool security, thereby increasing Ethereum's value and influence. EigenLayer has attracted some of the best and most well-known projects in the blockchain field as its supported modules, such as The Graph, Chain link, tBTC, API3, Gravity Bridge, etc. It has also received support and recognition from some of the most authoritative and influential investment institutions and people in the blockchain industry, such as Blockchain Capital, Coinbase Ventures, Spencer Bogart, etc.
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EigenLayer Token Situation
Project Name:Eigenlayer
Track: Re-staking protocol
Locking mechanism: After 1 month of locking, the funds will be released in 12 months.
Total Tokens: 10B
Expected launch: Second quarter
Expected listing: Binance, EURUSD
Summarize
The concept of ETH security derived by EigenLayer emphasizes the interconnectivity of the blockchain ecosystem. This interoperability helps build a more powerful and secure blockchain network, laying a solid foundation for future development. It provides security and trust layers and supports multiple modules, such as consensus protocols, data availability layers, etc. It has completed three rounds of financing with a valuation of $500 million. As an innovative protocol, it has great opportunities for future development. I believe that you have also learned about the early ways to participate in this project from major news, social platforms and various kol recommendations, so I will not go into details in this article. BiB Exchange believes that EigenLayer is not just an independent platform, but a part of the entire Ethereum network. It is also a unique project that can compete with Celestia and Polygon, and can also chat and laugh with Cosmos. Of course, there are many voices of criticism and questioning. This article elaborates on the relevant principles in detail, and also hopes that readers will make more active judgments and pay more attention to the re-staking ecosystem.
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