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EigenLayer introduces six actively validated services including restaked rollups and Ethereum-native oracle

EigenLayer introduces six actively validated services including restaked rollups and Ethereum-native oracle

The BlockThe Block2024/04/12 07:28
By:The Block

EigenLayer has introduced six new actively validated services with the stage 3 mainnet launch. The AVSs are AltLayer, Brevis, Eoracle, Lagrange, WitnessChain, and Xterio, which will be secured via restaking.

EigenLayer has expanded its ecosystem by launching six new actively validated services (AVS), marking another phase in its development with the mainnet phase 3 rollout.

This expansion follows the initial introduction of EigenDA , EigenLayer’s first AVS. The new AVSs introduced include AltLayer, Brevis, Eoracle, Lagrange, WitnessChain, and Xterio. These services represent a broad spectrum of functionalities designed to address various needs within the Ethereum ecosystem.

Some of these AVSs will make Ethereum rollups faster. Here, Lagrange’s state committee will offer light client functionality to facilitate faster and more secure communication between optimistic rollups and other blockchains. Furthermore, AltLayer’s MACH platform will speed up rollup finality with confirmation speeds of under 10 seconds, EigenLayer noted.

Another critical introduction is Eoracle, the first Ethereum-native oracle network developed on EigenLayer that will allow the integration of real-world data into decentralized applications. Another AVS called Brevis is developing “coprocessors” on EigenLayer. Coprocessors focus on providing efficient computational resources, particularly beneficial for operations that require stateless computations.

These services are secured with EigenLayer’s restaking protocol. Restaking allows users to employ their staked ETH — or a corresponding liquid staking token — on EigenLayer for restaking purposes. EigenLayer then allocates this ETH to secure third-party applications, termed actively validated services, thereby broadening Ethereum’s security framework.

The introduction of these services follows the mainnet rollout of EigenLayer and its data availability layer, EigenDA, earlier this week, followed by EigenLayer operators coming online.

EigenLayer previously stated that it would allow the operator and AVS marketplace to develop and stabilize before introducing in-protocol payments and slashing to the mainnet later this year. The total value locked in EigenLayer currently exceeds $15 billion .

 

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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