EigenLayer News: the EigenLayer Security Model | Sep. 10th
The security model was introduced in preparation for the upcoming slashing feature.
TL;DR
TVL watch: $10.93b
Introducing the EigenLayer Security Model
Altlayer's Wizard
Kwenta 🤝 Brevis
RiskLayer releases Litepaper
Next: Token 2049
Infinite Layers: Automata Network
MegaZu: Applications Open
🌐 Ecosystem News
TVL watch: $10.93b
EigenLayer’s TVL figures mantains around $10.93b according to DefiLlama.
Introducing the EigenLayer Security Model
Eigen Labs released a blog detailing the new security model for EigenLayer in preparation for slashing to go live. This model has 3 parts: Operator Sets, Total Stake, and Unique Stake. This model offers:
Greater control over slashing risks, slashing is localized to individual AVS and operators can control how much of their stake any AVS can slash.
AVS have guaranteed amount of slashable stake (adding up the Unique Stake allocated to them across all its operators).
No need for a common veto committee. AVS can now specify its own mechanisms for slashing and governance.
Permissionless onboarding of AVSs.
Altlayer's Wizard
Wizard is the first AVS-as-a-Service platform offering rapid AVS deployment and management for builders in the EigenLayer ecosystem. By abstracting away complexities, Altlayer significantly reduces go-to-market time for builders.
Kwenta 🤝 Brevis
Kwenta, the multichain perps marketplace, partners with Brevis ZK Coprocessor to launch the world’s first ZK-powered trader loyalty program on perp DEX.
"Kwenta can now periodically compute users’ trading volumes off-chain and generate ZK Proofs attesting to the results’ end-to-end integrity. These volume results along with the proofs, are verified on-chain to enable a seamless and trustless fee rebate claim process."
RiskLayer releases Litepaper
RiskLayer published its Litepaper! Access it here: Risk Layer Litepaper
RiskLayer is designed to manage economic security risks in DeFi by utilizing Risk Nodes to aggregate data and generate risk scores. By leveraging Eigenlayer, RiskLayer brings higher security guarantees into validating and securing risk data processing.
📰 Community News
Next: Token 2049
The EigenLayer team and many AVS teams will be present at Token 2049 next week. Connect with the EigenLayer community:
DeCompute by Silence Labs (with participation of Automata Network, Sep. 17th to Sep. 18th)
EIGEN: The Universal Intersubjective Work Token with Sreeram Kannan (Sep 18th)
Restaking Realities: Risks, Rewards, and the Road Ahead Panel with Vyas Krishnan (Sep 18th)
TEE Unconference, co-hosted by EigenLayer and Automata Network (Sep.19th)
Altlayer Rollup Day, cohosted by EigenLayer (Sep 20th)
Fast tracking to mainstream by Gajesh, at Growth Hacker Camp #2
See the full agenda for Token 2049 here.
Infinite Layers: Automata Network
Catch up on the series that explores EigenLayer projects! The new episode with co-founders Zheng Leong Chua and Deli Gong discusses trusted execution environments (TEEs), their use cases, Automata's focus on TEE Coprocessors, and more!
MegaZu: Applications Open
A 30-day pop-up city will be happening in Chiang Mai, Thailand this October, hosted by EigenLayer and MegaETH. Enjoy:
Building cutting edge tech.
Thailand's culture & a supportive builder community.
Shaping the future of Ethereum.
Dates: October 7th - November 7th
📚 Learn about EigenLayer & AVS
Resources and guides by Web3 Citizen: EigenLayer Hub & Understanding EigenLayer
{Stuff To Check Out}
See you next week
EigenLayer News is a space to learn and stay informed about announcements and upcoming initiatives within EigenLayer. Our aim is to provide a window into what we believe is the ultimate coordination layer in crypto.
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About us, @ocandocrypto and @eugenia, we’re core contributors to web3citizen.xyz. Reach out to us on @eigenlayernews or @web3citizenxyz.
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