EigenLayer News: EigenLayer and EigenDA Mainnet Launch, April 9th ♾️

Providing concise summaries of the most significant news and events in the EigenLayer ecosystem.

Apr 09, 2024

Introducing the EigenLayer News, a weekly newsletter aimed at providing concise and timely summaries of significant events in the EigenLayer ecosystem each week.

Let’s dive into the first edition!

TL;DR

EigenLayer and EigenDA Mainnet Launch
TVL watch: $13.2b
Eoracle, the first Ethereum native oracle AVS
Fhenix partners with EigenLayer
Staketab joins as a node operator
AVS Spotlight: EigenDA - now live on mainnet!
Liquid Restaking Protocol Spotlight: Ether.fi
EigenLayer in Dubai Blockchain Week
EigenLayer at Altlayer’s Restaked Rollup Day

🌐 Ecosystem News:

EigenLayer and EigenDA Mainnet Launch

EigenLayer announced Mainnet launch!

As of today:

Restakers can delegate their entire stake to an Operator of their choice.
Operators can register with EigenLayer and opt-in to running AVSs.
AVSs can register with the protocol, starting with EigenDA.

Until now, users could deposit LSTs, or set validator withdrawal credentials to an EigenPod. Now that operators and EigenDA are live, you can delegate to one of the top 200 operators.

Learn more and read about what this means for operators, restakers, AVSs and rollups

TVL watch: $13.2b

EigenLayer reaches total value locked (TVL) of over $13.2b as per DeFi Llama, reaching an all-time high of $13.6B in recent days

Eoracle becomes the first Ethereum-native oracle AVS

Eoracle is the first Ethereum-native oracle designed as a modular and programmable data layer secured by Ethereum and built with EigenLayer.

Leveraging Ethereum's security through EigenLayer, Eoracle will provide secure connections to off-chain data and computation for decentralized applications, supporting permissionless innovation on-chain.

Read the announcement

Fhenix partners with EigenLayer to develop FHE coprocessors

Last week Fhenix announced its FHE coprocessors will be developed in partnership with EigenLayer.

A FHE coprocessor is able to conduct computing tasks in a more efficient way than a central coprocessing unit by allowing fully homomorphic encryption, computing over encrypted data without having to decrypt its information.

Computations will be secured by Fhenix’s optimistic rollup, leveraging EigenLayer’s cryptoeconomic security which facilitates faster verification by operators.

Staketab joins as a node operator

Staketab, the professional staking provider, announced its role as a node operator for EigenLayer and EigenDA. Operators within the EigenLayer ecosystem perform validation tasks for different Actively Validated Services (AVS).

Staketab is already in touch with different protocols and AVS such as Near, Omni, Gasp, Witness Chain, Eoracle, and Drosera.

Meet EigenLayer’s operators | Read the announcement

♾️ Ecosystem Spotlight

Each week we’ll shine a spotlight on different AVSs and Liquid Restaking Protocols.

AVS Spotlight: EigenDA - now live on mainnet!

EigenDA stands as a secure, high-throughput, and decentralized data availability service built on top of Ethereum, utilizing the EigenLayer restaking primitive.

EigenDA is the first actively validated service (AVS) on EigenLayer providing low-cost, data availability to rollups.

Liquid Restaking Protocol Spotlight: Ether.fi

Ether.fi is a protocol in the Ethereum network that streamlines liquid restaking of ETH. Users can stake their ETH, convert it into EtherFi's liquid staking token, eETH, and engage in restaking through EigenLayer, receiving a liquid receipt token in return.

This system preserves their asset liquidity while staked, enabling them to utilize these receipt tokens in diverse DeFi applications. Moreover, Ether.fi allow the participation in the validation of AVSs, expanding their involvement in the network's security and functionality.

📰 Community News:

EigenLayer in Dubai Blockchain Week

The EigenLayer team will be in Dubai Blockchain Week (April 16 - April 21) 🇦🇪

It's a fantastic opportunity to connect with the team and dive deeper into the EigenLayer ecosystem.

Here’s what’s on the agenda:

April 16, 2024

Restaking & Infra Day: Nader Dabit, Director of DevR at EigenLayer, will be participating. A great chance to learn about the latest in restaking technology.
Register here

April 17, 2024

OFR Dubai Singularity: AI x Crypto: Vyas Krishnan, Director of Product at EigenLayer, will be discussing the intersection of AI and crypto.
Register here
Hack Seasons Dubai: Nader Dabit will be sharing insights on the evolving tech landscape.
Register here
Builder Nights - The Restaking: Join Nader Dabit for an evening focused on restaking developments and networking.
Register here

April 18, 2024

TOKEN2049: Vyas Krishnan will be speaking about converting cloud to crypto.
Register here

April 19, 2024

TOKEN2049 Panel - Restaking Revolution: The New Frontier in Hyperscaling: Vyas Krishnan will discuss the impact of restaking.
Register here
TRGC Infracon: AI Compute Edition: Vyas Krishnan will delve into the role of AI in blockchain infrastructure.
Register here
Token2049 Connect: Wes Floyd, Solutions Architect at EigenLayer will be speaking and connecting with the community.
Register here

Institutional Digital Assets Summit: Nader Dabit will participate in cutting-edge discussions on digital assets.
Register here

April 20 and 21, 2024

ETHDubai Conference: Gajesh Naik, Wes Floyd, and Vyas Krishnan will be engaging in workshops, panels, offering deep dives into various aspects of Ethereum and blockchain technology.
Register here

EigenLayer at Altlayer’s Restaked Rollup Day

Yesterday, EigenLayer took part in Restaked Rollup Day in Hong Kong 🇭🇰

1,000+ attendees listened to Sreeram Kannan’s keynote on ETH restaking, how it works, and its potential to transform Web3. He also took part in a fireside chat with YQ, Altlayer’s Founder & CEO. The event’s agenda also included a panel focused on LRT & AVSs with the participation of core members of Renzo, Puffer Finance, StakeStone, IOS Ventures, and OpenLayer.

📚 Learn about EigenLayer

Key resources, docs and guides on: EigenLayer Hub

🙌🏻 See you next week!

EigenLayer News is a space to learn and stay informed about announcements and upcoming initiatives within EigenLayer.

Our aim is to provide a window into what we believe is the ultimate coordination layer in crypto. Subscribe so you don’t miss our next edition.

Reach out to us on @eigenlayernews or @web3citizenxyz - we would love to hear your feedback! ♾️