EigenLayer

<a href="https://bitcoinworld.co.in/eigenlayer-now-supports-any-erc-20-token-as-restakable-asset/" title="EigenLayer Now Supports Any ERC-20 Token As Restakable Asset" rel="noopener noreferrer nofollow"></a>
<ul>
 <li style="font-weight: 400">The Eigen Labs team said on X on Aug. 26 that the permissionless token support is now live on the mainnet, allowing any ERC-20 token to be used as a restakable asset on EigenLayer.</li>
</ul>
EigenLayer has <a href="https://x.com/eigenlayer/status/1828083092591980698" target="_blank" rel="noopener noreferrer nofollow">announced</a> the mainnet launch of its permissionless token support, significantly expanding the protocol’s restaking feature.
https://twitter.com/eigenlayer/status/1828083092591980698
The Eigen Labs team said on X on Aug. 26 that the permissionless token support is now live on the mainnet, allowing any ERC-20 token to be used as a restakable asset on EigenLayer.
Restaking enables participants in the proof-of-stake ecosystem to reuse staked assets to secure additional PoS networks, earning rewards in the process.
“Any ERC-20 asset can now be utilized for cryptoeconomic security. Categories of new ERC-20 assets include native AVS tokens, stablecoins, and BTC-denominated tokens.”
EigenLayer provides for Ethereum (ETH) restaking and has supported the Ether token as well as its native EIGEN.
Per <a href="https://defillama.com/protocol/eigenlayer#information" target="_blank" rel="noopener noreferrer nofollow">data</a> from DeFiLlama, the total value locked on the protocol currently stands at over $12.76 billion. EigenLayer’s restaking market competitor Symbiotic has a TVL of $1.73 billion.
<h3 id="span-style-font-weight-400-support-for-custom-quorums-span">Support For Custom Quorums</h3>
In addition to the permissionless token support, EigenDA, an actively validated service on EigenLayer that offers low-cost data availability for rollups, has <a href="https://x.com/eigen_da/status/1828089973968453690" target="_blank" rel="noopener noreferrer nofollow">also</a> introduced EigenDA Custom Quorums.&nbsp;
This feature allows teams to restake their ERC-20 tokens to secure custom quorums for their rollups, enhancing security for rollup users and providing token yield for token holders.
Rollups will initially collaborate with the EigenDA team as they look to add tokens to their custom quorums, with the process later becoming permissionless.&nbsp;
EigenLayer also expects stakers to leverage the new feature to stake any ERC20 tokens that EigenDA decides to use.
Stakers will be able to delegate the supported tokens to operators helping to secure EigenDA.
Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

EigenLayer Now Supports Any ERC-20 Token As Restakable Asset

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