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<p>EigenLayer, the highly anticipated Ethereum restaking protocol, has officially launched on the blockchain’s mainnet.</p> 
<p>This marks a significant milestone for the project and the future of Ethereum scalability.</p> 
<p>But what exactly does this mean for users, developers, and the overall crypto ecosystem? Let’s break down the key takeaways from EigenLayer’s <a href="https://www.blog.eigenlayer.xyz/mainnet-launch-eigenlayer-eigenda/" rel="nofollow noopener" target="_blank">announcement</a> and explore the implications of this launch.</p> 
<h2 id="from-idea-to-reality">From Idea to Reality</h2> 
<p>EigenLayer’s journey began as a concept, and within a short timeframe, it has garnered significant traction within the crypto community.</p> 
<p>This is evident in the impressive figures mentioned in the announcement: over 4.1 million ETH restaked on EigenLayer and 70% of new validators choosing to restake through the protocol.</p> 
<p>EigenLayer has a total value locked of $13.33 billion, according to <a href="https://defillama.com/protocol/eigenlayer#information" rel="nofollow noopener" target="_blank">DefiLlama</a>.</p> 
<p><img decoding="async" src="https://s3.cointelegraph.com/uploads/2024-04/c32f59b5-c9dc-4176-8fca-e87ba5195428.png" alt="c32f59b5 c9dc 4176 8fca e87ba5195428" title="EigenLayer's Mainnet Goes Live: What You Need to Know About the Ethereum Restaking Launch 6"></p> 
<h2 data-sourcepos="9:1-9:50" id="the-core-functionalities-of-eigenlayer-mainnet">The Core Functionalities of EigenLayer Mainnet</h2> 
<p data-sourcepos="11:1-11:151">The initial launch focuses on core functionalities for restakers, operators, and actively validated services (AVSs). Here’s a breakdown of what’s live:</p> 
<ul data-sourcepos="13:1-18:0"> 
 <li data-sourcepos="13:1-14:0"> <p data-sourcepos="13:3-13:253"><strong>Delegation for Restakers:</strong> Restakers can now delegate their entire stake to their preferred operator. This allows them to participate in securing the network while earning rewards without the technical burden of running a validator node themselves.</p> </li> 
 <li data-sourcepos="15:1-16:0"> <p data-sourcepos="15:3-15:211"><strong>Operator Registration:</strong> Operators can register with EigenLayer and opt-in to run AVSs. These AVSs can be diverse, encompassing middleware, services, other chains, networks, and Proof-of-Stake (PoS) systems.</p> </li> 
 <li data-sourcepos="17:1-18:0"> <p data-sourcepos="17:3-17:255"><strong>Introducing EigenDA (Beta):</strong> The first AVS to launch on EigenLayer is EigenDA, currently in beta. It serves as a data availability service, addressing a crucial bottleneck for rollups by providing a secure and efficient way to store transaction data.</p> </li> 
</ul> 
<h2 data-sourcepos="17:1-17:42" id="important-considerations-for-restakers">Important Considerations for Restakers</h2> 
<ul data-sourcepos="19:1-21:0"> 
 <li data-sourcepos="19:1-19:322"><strong>Delegation and Operator Selection:</strong>&nbsp;Restakers are now responsible for selecting an operator to delegate their stake to. This decision is crucial, as operators will be responsible for running AVSs and potentially impacting the security of the delegated stake. EigenLayer recommends careful research before delegating.</li> 
 <li data-sourcepos="20:1-21:0"><strong>Impermanent Functionality:</strong>&nbsp;In-protocol payments from AVSs to operators and slashing for non-compliant operators are not yet implemented. These features are expected to be added later in 2024.</li> 
</ul> 
<h2 data-sourcepos="22:1-22:31" id="what-operators-need-to-know">What Operators Need to Know</h2> 
<ul data-sourcepos="24:1-26:0"> 
 <li data-sourcepos="24:1-24:133"><strong>Registration and AVS Opt-In:</strong>&nbsp;Operators must register as node operators and opt-in to run specific AVSs, starting with EigenDA.</li> 
 <li data-sourcepos="25:1-26:0"><strong>Active Operator Set:</strong>&nbsp;The EigenDA operator set initially comprises the top 200 operators based on delegated stake. This set will expand over time, with Eigen Labs actively working on solutions to increase the size.</li> 
</ul> 
<h2 data-sourcepos="27:1-27:42" id="rollups-and-eigenda-a-scalable-future">Rollups and EigenDA: A Scalable Future</h2> 
<p data-sourcepos="29:1-29:227">While onboarding rollups to EigenDA on the mainnet isn’t available yet, EigenLayer encourages continued testing on the Holesky testnet. The onboarding process will begin once the operator set and restaker delegations stabilize.</p> 
<h2 data-sourcepos="31:1-31:47" id="eigenda-the-endgame-for-data-availability">EigenDA: The Endgame for Data Availability?</h2> 
<p data-sourcepos="33:1-33:245">EigenDA, the first AVS on EigenLayer, plays a critical role in the project’s vision. It aspires to be the ultimate solution for data availability challenges within the <a href="https://crypto.ro/en/cryptocurrencies/ethereum/">Ethereum</a> ecosystem. EigenDA boasts several advantages for rollups, including:</p> 
<ul data-sourcepos="35:1-38:0"> 
 <li data-sourcepos="35:1-35:136"><strong>Hyper Scalability:</strong>&nbsp;Designed for future scalability, EigenDA paves the way for a significant increase in rollup transaction volume.</li> 
 <li data-sourcepos="36:1-36:165"><strong>Cost Flexibility:</strong>&nbsp;EigenDA offers flexible pricing models, allowing rollups to choose on-demand or reserved bandwidth options, along with native token payments.</li> 
 <li data-sourcepos="37:1-38:0"><strong>Ease of Integration:</strong>&nbsp;Integrations with popular rollup stacks like OP Stack and Arbitrum Orbit are readily available, facilitating seamless deployment through services like AltLayer, Conduit, Caldera, and Gelato.</li> 
</ul> 
<h2 data-sourcepos="39:1-39:64" id="looking-forward">Looking Forward</h2> 
<p data-sourcepos="41:1-41:152">EigenLayer believes EigenDA’s launch unlocks the potential for a wide range of groundbreaking applications on rollups. These applications could include:</p> 
<ul data-sourcepos="43:1-48:0"> 
 <li data-sourcepos="43:1-43:32">Completely on-chain orderbooks</li> 
 <li data-sourcepos="44:1-44:30">Real-time gaming experiences</li> 
 <li data-sourcepos="45:1-45:73">Social network transactions seamlessly integrated within the blockchain</li> 
 <li data-sourcepos="46:1-46:68">AI coprocessors storing outputs on decentralized storage solutions</li> 
 <li data-sourcepos="47:1-48:0">Atomic data swaps facilitated by EigenDA as a secure escrow</li> 
</ul> 
<p>The launch of EigenLayer marks a significant step towards a more scalable and secure Ethereum ecosystem.</p> 
<p>By enabling restaking, fostering a diverse AVS landscape, and offering a robust data availability solution (EigenDA), EigenLayer empowers developers to build a new generation of blockchain applications.</p> 
<p>As the community continues to collaborate and build on top of EigenLayer, we can expect to see a vibrant and thriving future for Ethereum, one that unlocks the full potential of blockchain technology.</p>

EigenLayer’s Mainnet Goes Live: What You Need to Know About the Ethereum Restaking Launch

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