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Key Takeaways
- EigenLayer Debut
- $13 Billion Asset Pool
- Partial Performance
- Market Growth
- Delegated Restaking
- Questions on Rewards
- Threat Warnings
- Introduction of EigenDA
- Whole Worth Locked
- Readiness Considerations
In an announcement posted on April 9, EigenLayer revealed its launch on the Ethereum mainnet. Nevertheless, sure functionalities, together with in-protocol funds to operators and the implementation of slashing mechanisms, are but to be activated.
The protocol emphasised the need for the EigenLayer market to develop and stabilize. That is earlier than introducing these options. Nevertheless, it didn’t specify a precise timeline for his or her launch.
As of now, customers can delegate their restacked Ethereum (ETH) steadiness. They do that to EigenLayer operators. These operators are accountable for managing actively validated providers (AVSs). These providers embrace purposes and cross-chain bridges.
Regardless of the joy surrounding EigenLayer’s launch, questions stay in regards to the absence of restacking rewards. Christine Kim, Vice President of Analysis at Galaxy Digital, expressed skepticism in regards to the protocol’s efficacy in its present state. She highlighted the significance of balancing danger and reward in restacking protocols.
In the meantime, Coinbase analysts cautioned in regards to the potential dangers linked with restacking. They cited complexities that would come up from funds being distributed throughout a number of protocols.
EigenLayer’s launch launched EigenDA. It is a knowledge availability service and the primary AVS to function on the protocol. Nevertheless, different AVSs should register with EigenLayer and are unable to deploy absolutely right now.
EigenLayer has acquired a complete worth locked of $13.33 billion. This makes it the second-largest DeFi protocol after Lido. Nevertheless, considerations stay in regards to the protocol’s readiness for widespread adoption. That is with out the implementation of key options like slashing and AVS payouts.
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