1/ We recently spoke with @eigenlayer CEO and Co-Founder @sreeramkannan, during our Discord AMA.
Here’s what you missed 🧵
Here’s what you missed 🧵
2/
@sreeramkannan is an associate professor at the University of Washington in the Department of Electrical & Computer Engineering.
He recognized that the incredible growth rate in application layers was a result of the decoupling of trust and innovation.
@sreeramkannan is an associate professor at the University of Washington in the Department of Electrical & Computer Engineering.
He recognized that the incredible growth rate in application layers was a result of the decoupling of trust and innovation.
3/
Trust is fractured in Ethereum’s modularized network where middleware protocols - bridges, Oracles, consensus protocol,.etc - built on top of it must attract capital and create their own systems of trust, staking, and staking incentivization.
Trust is fractured in Ethereum’s modularized network where middleware protocols - bridges, Oracles, consensus protocol,.etc - built on top of it must attract capital and create their own systems of trust, staking, and staking incentivization.
4/
EigenLayer is a free marketplace for decentralized trust built on existing ETH2 stakers. New middleware protocols can utilize the economic security and liquidity pool of staked ETH2 through restaking on EigenLayer.
EigenLayer is a free marketplace for decentralized trust built on existing ETH2 stakers. New middleware protocols can utilize the economic security and liquidity pool of staked ETH2 through restaking on EigenLayer.
5/
#1-trustless native restaking: you stake on Ethereum and specify different degrees of freedom to participate in EigenLayer without intermediation
#2-dual token staking: middleware tokens can be used for co-staking along with ETH restaking by depositing on EigenLayer
#1-trustless native restaking: you stake on Ethereum and specify different degrees of freedom to participate in EigenLayer without intermediation
#2-dual token staking: middleware tokens can be used for co-staking along with ETH restaking by depositing on EigenLayer
6/
Without security, stakers leave and no innovation can be created. How does EigenLayer straddle the trade-off between open innovation and security?
To address incorrect slashing, they will assemble a reputed Ethereum community committee that can veto slashing.
Without security, stakers leave and no innovation can be created. How does EigenLayer straddle the trade-off between open innovation and security?
To address incorrect slashing, they will assemble a reputed Ethereum community committee that can veto slashing.
7/
Natively restaked block proposals accrue massive superpowers such as proposing protocol upgrades without having to upgrade the protocol.
For example, a commitment from all EigenLayer opted staked block proposals to not fork, allows for immediate single-slot finality.
Natively restaked block proposals accrue massive superpowers such as proposing protocol upgrades without having to upgrade the protocol.
For example, a commitment from all EigenLayer opted staked block proposals to not fork, allows for immediate single-slot finality.
8/ Learn More
Want to learn more? We recently hosted a public AMA with Eigenlayer. Read the article or take a listen and let us know what you think about their open innovation and ETH restaking.
🔉Listen: tinyurl.com
👇Read the transcript
vvv.fund
Want to learn more? We recently hosted a public AMA with Eigenlayer. Read the article or take a listen and let us know what you think about their open innovation and ETH restaking.
🔉Listen: tinyurl.com
👇Read the transcript
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👉 discord.gg
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