EigenLayer has recently unveiled features that empower operators to formally join the platform by delegating their stake to a selected restaker.
EigenLayer, an Ethereum-based restaking protocol, has recently made headlines with its locked-in value has surpassed the astounding $12.4 billion while dominating Ethereum’s DeFi sector.
Recent events indicate that on Tuesday, April 9, EigenLayer declared its entrance to the Ethereum mainnet.
EigenLayer Makes Way to Ethereum Mainnet
According to the most recent announcement, the Ethereum mainnet has formally implemented EigenLayer and EigenDA, the restaking protocols.
With the introduction of EigenDA, the first autonomous vault system (AVS) to operate, it contends with platforms like Celestia in the data storage services industry.
The latest features comprise:
- Restakers now have the option to delegate their total stake to a chosen Operator.
- Operators can officially join EigenLayer and choose to operate AVSs.
- AVSs can register with the protocol, beginning with EigenDA (currently undergoing beta testing).
Previously, restaking in EigenLayer required the deposit of LSTs or configuring validator withdrawal credentials for an EigenPod.
With the recent introduction of operators and an AVS (EigenDA), active restaking now requires delegating to one of the top 200 operators that operate AVSs.
Further Information for the Restakers
EigenLayer stated in a blog post that to restate to an AVS such as EigenDA; individuals must transfer their entire stake to an operator elected to participate in that particular AVS.
The interest assigned to an operator who opts to participate in multiple AVSs encompasses all of the AVSs in which they are engaged.
Although delegation does not require operators to retain the stake, it does not guarantee that any operator can efficiently run AVS software, as stated in the EigenLayer protocol.
EigenLayer does not present an imminent threat of slashing while operators solidify their procedures and establish themselves within the ecosystem.
However, operators who fail to operate AVSs correctly will eventually be subject to severe penalties.
LRT DAO (Decentralized Autonomous Organization) will be responsible for delegation administration if users reinstate EigenLayer via an LRT (Liquidity Transformation Request).
Every LRT functions autonomously and is in a unique degree of preparedness to supervise delegations of restakers.
Note that these LRTs have no affiliation with Eigen Labs.
Individuals should, therefore, consult directly with each LRT regarding their intentions regarding stakeholder delegations.
