EigenLayer

Like any new idea, restaking protocols will need a long break-in period to ensure their technical safety — but that’s doesn’t mean they’re not extremely promising

Chorus One tried to tease out some risks that could emerge from the buzzy restaking protocol

In-protocol payments and slashing won’t go live until the marketplace stabilizes

FHE coprocessors will be focused on enabling computing over encrypted data

The token fell more than 25% after launching Monday morning

Ether isn’t exactly close to record highs, but some validators are still making a move

EigenLayer’s TVL has reached $11.24 billion, per DeFiLlama

Billions of dollars in bitcoin are flying across the blockchain as price stops just short of record highs

Plus, restaking continues to draw investment and Dan Held announces a bitcoin fund

Points have no technical value but could yield tokens in the future

Ethereum users have boosted their collective stake in the blockchain over the past month, even as prices spike.

The liquid restaking token’s TVL shot up over 200% in the past month

Plus, funds go to a platform making development on Solana easier

The Series B round is double what the firm raised a year ago

EigenLayer is now one of the top 5 protocols in TVL ranks, on-chain data shows

EigenLayer’s TVL almost doubled in the past 24 hours, according to information available on DeFiLlama

Exclusive: Google Cloud joined more than 65 other operators in the group as the restaking protocol eyes a mainnet deployment for node operators in the first half of 2024

eETH will enable users to earn higher APY’s at an uncapped amount, ether.fi CEO said

“We all become more specialized in what we create and more general in what we consume”

Initial tokens supported in the mainnet launch are stETH, rETH and cbETH — native staking will also be available

Security is top of mind, as crypto funding investments continue to flow.

EigenLayer hopes to create a model that lets developers “easily consume trust, instead of needing to built trust”