# EigenLayer News: Permissionless Token Support | Aug. 20th *The new update will enable any ERC-20 token to become a restakable asset.* By [Web3 Citizen](https://paragraph.com/@web3citizenxyz) · 2024-08-20 --- TL;DR ----- * 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 * * * 🌐 **Ecosystem News** --------------------- ### **TVL watch: $12.5b** EigenLayer’s TVL remains at $12.5b according to [DefiLlama](https://defillama.com/protocol/eigenlayer#information).  ### **Permissionless Token Support Soon** 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. [Learn more](https://www.blog.eigenlayer.xyz/permissionless-token-support/) ### **EigenDA reduces pricing** 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. ![](https://storage.googleapis.com/papyrus_images/4ffdd61c839e1688f5fe7590b2f6a995.png) [Learn more](https://www.blog.eigenlayer.xyz/eigenda-updated-pricing/) ### **Worldcoin connects to Hyperlane** After announcing its partnership with Zora, Hyperlane partners with another Superchain member. [Worldcoin](https://es-es.worldcoin.org/) is now connected to [Hyperlane](https://hyperlane.xyz/), enabling the protocol to access and prove humanity on other blockchain networks, World ID to expand beyond Worldchain and build interchain apps. [Learn more](https://medium.com/hyperlane/expansion-to-worldcoin-hyperlane-launches-on-world-chain-228eb8e8d120) ### **Othentic partners with Venn & Ungate** Othentic announced a new partnership with [Ungate](https://ungate.ai/), the AVS building AI solutions, and [Venn](https://www.venn.build/), 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 launches on Taiko 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.](https://docs.arpanetwork.io/randcast#when-to-use-randcast) * * * 📰 **Community News** --------------------- ### **Community Update: Airdrops and the EigenLayer Ecosystem Network** 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](https://www.blog.eigenlayer.xyz/community-update-eigenlayer-ecosystem-network/). ### **Infinite Layers: Hyperlane** A new episode on Infinite Layer is live! The new episode with CEO [Jon Kol](https://x.com/thePalenimbus) explores how [Hyperlane](https://hyperlane.xyz/) is creating an interoperability framework connecting chains and enabling protocols and developers to build interchain apps. [Watch the episode](https://youtu.be/OleOmoWc0v0?si=VabmLeG8sspXpV7X) ### **SBC’24 talk: Strong Cryptoeconomic Security**  Sreeram’s talk on building cryptoeconomic security and the importance of shared security to enable people to build secure protocols. [Watch the talk](https://www.youtube.com/watch?v=YSuG2kXjLNA) * * * 📚 **Learn about EigenLayer** ----------------------------- Key resources, docs and guides on: [EigenLayer Hub](https://web3citizen.notion.site/EigenLayer-Hub-0d87bfebd4fe47739a4d0ef8a2e7d45f?pvs=4) & [Understanding EigenLayer](https://www.web3citizen.xyz/research/eigenlayer) **{Stuff To Check Out}** * [LighthouseWeb3 on the EigenLayer Ecosystem](https://x.com/LighthouseWeb3/status/1825574361274667424) * * * **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.  [Subscribe](http://paragraph.xyz/@web3citizenxyz) so you don’t miss our next edition. ### **About Us** About us, [@ocandocrypto](https://x.com/ocandocrypto) and [@eugenia](https://x.com/eugelikeeugenia), we’re core contributors to [web3citizen.xyz](http://web3citizen.xyz). Reach out to us on [@eigenlayernews](https://twitter.com/eigenlayernews) or [@web3citizenxyz](https://twitter.com/web3citizenxyz) - we would love to hear your feedback! --- *Originally published on [Web3 Citizen](https://paragraph.com/@web3citizenxyz/permissionless-token-support)*