EigenLayer announced today that the re-staking protocol, EigenLayer, has officially launched on the Ethereum mainnet. The release is accompanied by the launch of EigenDA, a data availability (DA) service provided by the EigenLayer team. EigenDA aims to assist other blockchain protocols in storing transaction data and other information and is one of the active validation services (AVS) offered.
EigenLayer allows Ethereum ETH stakers to delegate their staked tokens to specific operators through a process called re-staking. These operators can choose to run different AVSs such as EigenDA, Altlayer, Near, and more.
Key new features in this mainnet launch include:
– Stakers: Token stakers can delegate their entire stake to their chosen operators.
– Operators: EigenLayer has opened registration for operators and allows them to choose which specific service in the network they want to operate, such as EigenDA.
– AVSs (Active Validation Services): EigenLayer now allows registration for AVSs other than EigenDA. AVSs are middleware, services, chains, networks, and PoS systems operated by operators who receive ETH security support from stakers through re-staking.
However, despite EigenLayer and EigenDA being live on the mainnet, some functionalities still have limitations, such as payment and slashing functionalities for AVSs towards operators. This means that some economic incentives and penalty mechanisms have yet to be fully implemented to stabilize the market first.
Furthermore, it is emphasized that although the delegation process is non-custodial (operators do not hold stakers’ stakes), EigenLayer does not guarantee that any operator will correctly operate the AVS software. This means that stakers need to carefully consider their choice of operators when delegating.
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