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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.

Updated May 1, 2024, 1:31 a.m. Published Apr 10, 2024, 5:59 p.m.
EigenLayer founder Sreeram Kannan at ETHDenver 2024 (Danny Nelson/CoinDesk)
EigenLayer founder Sreeram Kannan at ETHDenver 2024 (Danny Nelson/CoinDesk)