Printed: March 14, 2024 at 12:56 pm Up to date: March 14, 2024 at 12:56 pm
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March 14, 2024 at 12:56 pm
In Transient
EigenLayer will launch its mainnet in a number of phases over the approaching weeks, initiating its closing testnet on Ethereum’s Holesky testnet first.
Decentralized blockchain Ethereum (ETH) restaking venture, EigenLayer, revealed a roadmap detailing its intentions to launch its mainnet. The venture’s preparation for the mainnet contains initiating its closing testnet on Ethereum’s Holesky testnet, which is predicted to develop into operational shortly.
In response to EigenLayer, in a “stage 2” testnet on Goerli, 6,000 operators examined the community. Nonetheless, because of the lack of energetic help for Goerli by the Ethereum consumer groups, the ultimate EigenLayer testnet was moved to Holesky.
As Eigen Labs, the core growth staff accountable for EigenLayer, prepares for the launch of EigenLayer’s mainnet, it has outlined that its net utility and all contracts on the mainnet will probably be paused to facilitate a managed deployment and onboarding of operators onto the community. Furthermore, the short-term suspension of deposits and withdrawals goals to make sure a clean transition. Eigen Labs talked about that operators will acquire the flexibility to register on the mainnet regularly.
“Our major focus stays a clean launch that prioritizes safety and efficiency. To attain this, we’re introducing a multi-phased strategy beginning now and ongoing for the subsequent a number of weeks,” mentioned Eigen Labs in a written assertion.
EigenLayer Pioneers Ethereum Restaking
EigenLayer‘s protocol permits customers to deposit and re-stake Ethereum utilizing liquid staking tokens (LST), directing these funds to safe exterior networks whereas probably incomes further rewards. The protocol’s first section was launched on the Ethereum mainnet in 2023, enabling customers to deposit LST from platforms reminiscent of Lido, Rocket Pool, and Coinbase. Later, it expanded to incorporate further liquid staking tokens, together with sETH from Stakewise, mETH from Mantle, sfrxETH from Frax, ankrETH from Ankr, and wBETH from Binance.
In the identical 12 months, EigenLabs accomplished a $50 million Collection A funding spherical led by Blockchain Capital, leading to a complete valuation of $500 million for the corporate. Moreover, the protocol attracted Ethereum capital amounting to $1.8 billion via its points-based incentive program.
Just lately, enterprise capital agency Andreessen Horowitz invested $100 million in Eigen Labs to help the venture’s growth. In the meantime, EigenLayer‘s complete worth of deposited belongings exceeded $10 billion earlier this month.
As EigenLayer launches its mainnet, it continues to empower customers via its modern protocol, marking a major milestone within the venture’s growth journey.
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About The Writer
Alisa is a reporter for the Metaverse Put up. She focuses on investments, AI, metaverse, and all the things associated to Web3. Alisa has a level in Enterprise of Artwork and experience in Artwork & Tech. She has developed her ardour for journalism via writing for VCs, notable crypto tasks, and scientific writing. You may contact her at [email protected]
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Alisa Davidson
Alisa is a reporter for the Metaverse Put up. She focuses on investments, AI, metaverse, and all the things associated to Web3. Alisa has a level in Enterprise of Artwork and experience in Artwork & Tech. She has developed her ardour for journalism via writing for VCs, notable crypto tasks, and scientific writing. You may contact her at [email protected]
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