EigenLayer


Opinion

Why Eigenlayer’s Airdrop Is Controversial

Although it’s actually conservative.

EigenLayer founder Sreeram Kannan at ETHDenver 2024 (Danny Nelson/CoinDesk)

Tech

EigenLayer, After Touching Off Restaking Frenzy, Plans Own EIGEN token

Sreeram Kannan, leader of the project, had previously refused to confirm any plans for an EIGEN token. That hadn't stopped crypto traders from betting heavily on the likelihood; they poured in more than $15 billion of deposits, aiming to collect incentives for early users.

EigenLayer founder Sreeram Kannan at ETHDenver 2024 (Danny Nelson/CoinDesk)

Finance

EigenLayer-Powered Aligned Layer Raises $20M to Make ZK Proofs Faster, Cheaper on Ethereum

The fundraise was led by Hack VC and included contributions from DAO5, L2Iterative, NomadCapital_io, FinalityCap, Symbolic VC and Theta Capital

Funding (Gerd Altmann/Pixabay)

Tech

Liquid Restaking Protocol Puffer Raises $18M, Led by Brevan Howard, Electric Capital

The fresh round of capital will be used to help launch Puffer’s mainnet.

Puffer fish (Stelio Puccinelli/Unsplash)

Tech

Ether.Fi Inks $500M Restaking Deal With RedStone Oracles

Under its deal with RedStone, Ether.Fi will dedicate $500 million to help secure RedStone's data oracles, which are used to pass information between blockchains and the outside world.

Ether.Fi CEO Mike Silagadze (CoinDesk, modified using PhotoMosh)

Tech

The Protocol: How to Engineer Harder Money, or Just Make Your Own

Bitcoin's supply growth is set to automatically drop by 50% when next week's "halving" arrives, Ethereum is pondering a cut in ETH issuance, and meme coin issuers are just no-holds-barred spinning up new ones. Blockchain tech is enabling all sorts of monetary strategies.

(Zoe Holling/Unsplash)

Tech

EigenLayer, Crypto's Biggest Project Launch This Year, Is Still Missing Crucial Functionality

The "restaking" protocol with $15 billion in deposits won't pay rewards to depositors and is missing its mission-critical "slashing" feature.

EigenLayer founder Sreeram Kannan at ETHDenver 2024 (Danny Nelson/CoinDesk)

Finance

Ethereum Could Face 'Hidden Risks' From Ballooning Restaking Market: Coinbase

Restaking has grown into the second-largest DeFi sector on the Ethereum blockchain and is likely to become a core part of the network’s infrastructure, the report said.

Staking (Shutterstock)

Finance

NEAR Launches Multichain Transaction From One Account Feature

Chain signatures allow users to transact on any network from one account.

Illia Polosukhin, Co-Founder, NEAR Protocol (Stephen Lovekin/Shutterstock/CoinDesk)

Tech

Ethereum Staking Protocol Swell Unveils Layer-2 Rollup With $1B Total Value Locked

Swell developed the rollup alongside Ethereum scaler AltLayer and a16z-backed crypto-staking project EigenLayer.

Citrea says its zero-knowledge rollup will help expand Bitcoin's ability to accommodate NFTs and DeFi. (Unsplash modified by CoinDesk)

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