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EigenLayer and EigenDA launch on Ethereum mainnet

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Eigenlayer News

Eigenda

The move lets restakers delegate their whole stake to their preferred operator, among other new functionalities.

The restaking platform EigenLayer and its data availability layer EigenDA launched on the Ethereum mainnet Tuesday.

EigenLayer allows users to stake ether and earn a liquid staking token , which can then be restaked for more rewards. The native restaking is done through EigenPod, a user-managed smart contract that helps monitor balance and withdraw statuses. The mainnet launch does not entail AVS in-protocol payments to operators or slashing, however. "We are allowing the EigenLayer marketplace to develop and stabilize before introducing in-protocol payments and slashing to mainnet later this year," the protocol added in the statement.

EigenLayer maintains around $13.4 billion in total value locked , according to the crypto data tracker DeFiLlama. EigenLayer surpassed the $10 billion TVL threshold on March 3, 2024, The Block previously reported.

 

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