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The staking industry has grown to a whopping ~$152 billion, with #Ethereum leading the charge with the recent shift to PoS consensus🌐
But what if we told you that stakers could do more than just earn revenue from validating Ethereum transactions?
Introducing @eigenlayer🧵👇
The staking industry has grown to a whopping ~$152 billion, with #Ethereum leading the charge with the recent shift to PoS consensus🌐
But what if we told you that stakers could do more than just earn revenue from validating Ethereum transactions?
Introducing @eigenlayer🧵👇
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EigenLayer is a "restaking" protocol that lets $ETH holders stake & earn higher returns by performing additional tasks beyond just validating transactions
According to its founder, @sreeramkannan, "it is an extension protocol that extends the scope of what #Ethereum can do"🚀
EigenLayer is a "restaking" protocol that lets $ETH holders stake & earn higher returns by performing additional tasks beyond just validating transactions
According to its founder, @sreeramkannan, "it is an extension protocol that extends the scope of what #Ethereum can do"🚀
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EigenLayer provides middleware solutions that aim to raise economic security to Ethereum levels🔐
But what is middleware, you ask?
It's a software layer that connects different software components and services to create a seamless experience.
EigenLayer provides middleware solutions that aim to raise economic security to Ethereum levels🔐
But what is middleware, you ask?
It's a software layer that connects different software components and services to create a seamless experience.
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This is achieved through restaking - the secondary staking of Ethereum validators' ETH exposure👨💻️
By participating in restaking, stakers can earn revenue on the middleware and also have their original staked ETH slashed if they commit misbehavior.
source:@MessariCrypto
This is achieved through restaking - the secondary staking of Ethereum validators' ETH exposure👨💻️
By participating in restaking, stakers can earn revenue on the middleware and also have their original staked ETH slashed if they commit misbehavior.
source:@MessariCrypto
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EigenLayer also supports staking WETH/USDC LP Token and stETH/USDC LP Token, expanding the total addressable market. Moreover, EigenLayer enables other services, such as an oracle network, to rent security from #EigenLayer stakers, resulting in two core benefits👇
EigenLayer also supports staking WETH/USDC LP Token and stETH/USDC LP Token, expanding the total addressable market. Moreover, EigenLayer enables other services, such as an oracle network, to rent security from #EigenLayer stakers, resulting in two core benefits👇
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First, by providing an extra layer of security, EigenLayer's middleware solutions ensure that other services are well-protected🔐
Second, EigenLayer stakers can earn additional revenue by renting out their security services to other projects.
First, by providing an extra layer of security, EigenLayer's middleware solutions ensure that other services are well-protected🔐
Second, EigenLayer stakers can earn additional revenue by renting out their security services to other projects.
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Examples of EigenLayer services include🛠️:
EigenDA: EigenLayer’s data availability (DA) solution that guarantees all transaction data is made available to other network participants regardless of validity.
EigenDA restakers function as DA nodes responsible for verifying data.
Examples of EigenLayer services include🛠️:
EigenDA: EigenLayer’s data availability (DA) solution that guarantees all transaction data is made available to other network participants regardless of validity.
EigenDA restakers function as DA nodes responsible for verifying data.
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MEV-Boost: Mechanism designed by Flashbots to manage bad MEV that occurs when front-running negatively affects the end user, usually a trader
EigenLayer's pooled security can help manage the process of block building, enabling partial-block MEV & helping honest block proposers
MEV-Boost: Mechanism designed by Flashbots to manage bad MEV that occurs when front-running negatively affects the end user, usually a trader
EigenLayer's pooled security can help manage the process of block building, enabling partial-block MEV & helping honest block proposers
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Oracle secured by staked ETH: A project in which an oracle network secures its service by renting security from EigenLayer stakers.
Secure messaging through Hyperlane: A partnership with Hyperlane to provide secure messaging services using EigenLayer's pooled security
Oracle secured by staked ETH: A project in which an oracle network secures its service by renting security from EigenLayer stakers.
Secure messaging through Hyperlane: A partnership with Hyperlane to provide secure messaging services using EigenLayer's pooled security
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Overall, EigenLayer's restaking protocol & middleware solutions are changing the staking game by providing additional revenue streams & enhanced security.
As the PoS movement continues to grow, EigenLayer's innovations could propel Ethereum & other projects to new heights🚀
Overall, EigenLayer's restaking protocol & middleware solutions are changing the staking game by providing additional revenue streams & enhanced security.
As the PoS movement continues to grow, EigenLayer's innovations could propel Ethereum & other projects to new heights🚀
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