EigenLayer Restaking Protocol Goes Live on Ethereum Mainnet
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 […]
Ethereum’s DeFi Sector Sees Restaking Surge to Second Place
Coinbase examines the potential long-term significance of restaking for Ethereum yields, particularly if native stake issuance decreases. Since The Merge in September 2022, when the Ethereum blockchain transitioned into a Proof-of-Stake (PoS) network, the platform’s liquid staking protocols have increased dramatically. In recent times, however, restaking has received even more attention with the rise of liquid […]
Omni Network Partners With Ether.Fi in $600M Deal
A contract worth $600 million in Ether has been reached between Omni Network and the Ether.Fi restaking protocol. The funds will be utilized to bolster the security measures of both the EigenLayer and Omni Network. The $600 million will aid in the protection of both the Omni testnet and mainnet, Omni Network stated in a […]
EigenLayer, Ritual Partner to Develop AI-enabled DApps
EigenLayer, the largest restaking protocol by total value locked (TVL) on Ethereum, has formed a partnership with Ritual, a community-owned artificial intelligence (AI) network, to develop decentralized applications (DApps) powered by AI. A press release states that the partnership intends to implement Ethereum-level restaking security on the Ritual network and integrate AI capabilities into decentralized […]
Andreessen Horowitz Invests $100M in EigenLayer – Report
Andreessen Horowitz (a16z), a venture capital firm, has secured $100 million in funding for EigenLayer, the largest restaking protocol on the Ethereum blockchain. Bloomberg reported that the venture capital firm was the sole investor in the funding round on February 22. In March, Blockchain Capital assisted in completing a $50 million funding round for the […]