EigenLayer, the Ethereum Restaking Protocol, Releases V1 Whitepaper

According to the official Twitter, EigenLayer, the Ethereum restaking Protocol, released V1 whitepaper, which describes the key ideas implemented by the core developers in the upcoming first version of the protocol, including the list of potential EigenLayer modules (e.g. MEV, sequencing).

In addition, EigenLayer has launched the EigenLayer Forum for 3 topics focusing on the EigenLayer protocol, EigenDA development, and middleware development. Previously, it was reported that EigenLayer was in the process of raising Series A funding to raise $50 million.

Eigenlayer is a protocol that allows validators to use their staked $ETH to validate other protocols in addition to the Ethereum simultaneously parallel. This means that you can re-use your staked $ETH that is being used to secure Ethereum to help secure other protocols such as oracles and cross-chain bridges.

Protocols running on Ethereum are already secured by Ethereum’s validators. Eigenlayer can assist in securing those protocols that are not directly built on Ethereum. Oracles are one example. By helping secure additional protocols, $ETH stakers can gain extra yield provided by those protocols in addition to the current staking yield.

Source

Ethereum

Staking

In This Article

Related News
Interchain Labs launches IBC Eureka to connect Ethereum to the Cosmos ecosystem Interchain Labs launches IBC Eureka to connect Ethereum to the Cosmos ecosystem
Ethereum edges closer to deploying Pectra on mainnet with successful upgrade on Hoodi testnet Ethereum edges closer to deploying Pectra on mainnet with successful upgrade on Hoodi testnet
Ethereum developers to end support for Holesky testnet in September Ethereum developers to end support for Holesky testnet in September
Ethereum devs activate Pectra upgrade on Sepolia testnet in last phase before mainnet rollout Ethereum devs activate Pectra upgrade on Sepolia testnet in last phase before mainnet rollout
Bybit hackers move over half the stolen ETH onto Bitcoin, largely using ThorChain Bybit hackers move over half the stolen ETH onto Bitcoin, largely using ThorChain
Latest News More More
Kraken launches forex perpetual futures with up to 20x leverage
Bybit CEO says nearly 28% of $1.4 billion hacked crypto 'gone dark,' moved to P2P and OTC
2 Days Ago Eliza Labs unveils auto.fun, a no-code AI agent launchpad with 'fairer than fair' token model
2 Days Ago Non-KYC exchange eXch to close down under money laundering scrutiny tied to Lazarus Group
3 Days Ago Base scrutinized over promotion of token that briefly crashed 95%; says part of 'contentcoin' vision
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open