TVL watch: $12.5b
Permissionless Token Support Soon
EigenDA reduces pricing
Worldcoin connects to Hyperlane
Othentic partners with Venn
Arpa Randcast launches on Taiko
Community Update: Airdrops and the EigenLayer Ecosystem Network
Infinite Layers: Hyperlane
SBC’24 talk: Strong Cryptoeconomic Security
EigenLayer’s TVL remains at $12.5b according to DefiLlama.
An upcoming update will enable EigenLayer to support any ERC-20 token as a restakable asset. This broadens the assets that can contribute to EigenLayer’s shared security and allows to significantly enlarge the protocol’s cryptoeconomic security. Additionally, AVS will be able to pick and choose which ERC-20 tokens will secure their services.
The mainnet deployment update is scheduled for this week and EigenDA will be the first AVS to test and use this feature.
EigenDA announced a 10x reduction in pricing for both on-demand and reserved bandwidth customers. Additionally, it unveiled a free tier with up to 1.28KiB/s in throughput. These updates will only apply after payments go live. Most of the payment fees will be redistributed back to stakers and operators.
After announcing its partnership with Zora, Hyperlane partners with another Superchain member. Worldcoin is now connected to Hyperlane, enabling the protocol to access and prove humanity on other blockchain networks, World ID to expand beyond Worldchain and build interchain apps.
Othentic announced a new partnership with Ungate, the AVS building AI solutions, and Venn, the AVS building a unified modular security infrastructure. Both AVSs leverage the Othentic stack to abstract away low-level implementations and minimize their engineering overhead.
Arpa Randcast, Arpa's Network on-chain Random Number Generator (RNG) service, is now available on Taiko, as well as previously supported networks (Optimism, Base and Redstone). Learn more about when to use Randcast.
Given a recent article that mentioned EigenLayer and Eigen Labs employees receiving airdrops, EigenLayer published a response on the steps Eigen Labs has taken to improve transparency.
“We want to make clear that we have no knowledge or evidence of any employee at Eigen Labs pressuring any team to unduly benefit the Eigen Labs corporate entity or its employees.”
You can read the full article here.
A new episode on Infinite Layer is live! The new episode with CEO Jon Kol explores how Hyperlane is creating an interoperability framework connecting chains and enabling protocols and developers to build interchain apps.
Sreeram’s talk on building cryptoeconomic security and the importance of shared security to enable people to build secure protocols.
Key resources, docs and guides on: EigenLayer Hub & Understanding EigenLayer
{Stuff To Check Out}
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