EigenLayer Restaking Protocol Goes Live on Ethereum Mainnet

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EigenLayer, a restaking protocol with over $13 billion in assets, has launched on the Ethereum mainnet. However, some crucial features, such as in-protocol payments and slashing mechanisms, are still to be released later this year.

EigenLayer is live on the Ethereum mainnet, but several crucial features are still on the way — slated for release “later this year.”

Ethereum restaking protocol EigenLayer, which touts over $13 billion in assets, has launched onto the blockchain’s mainnet — but some key features are still to come and will go live sometime this year.but added in-protocol payments to operators from actively validated services — such as apps and cross-chain bridges — are yet to come.— when validators get their staked crypto taken from them if they don’t do their job correctly — is also still on the way.

Both will come “later this year” after the EigenLayer marketplace has time to “develop and stabilize,” the protocol said without disclosing a timeline. As of today, restakers can now delegate their restaked ETH balance to Eigenlayer operators who in turn operate AVSs. “So there’s still no restaking rewards?” Galaxy Digital vice president of research Christine Kim rhetorically asked in a responding XThe promise of restaking protocols such as EigenLayer is to allow users to earn rewards for restaking their already-staked Ether or reward live on SO there’s no restaking really happening yet ,” she added.

 

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