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EigenLayer smart contract upgrade, mainnet app may be shut down for 24 hours

EigenLayer announced that it will upgrade the mainnet smart contract on April 8th (Monday). At that time, the EigenLayer mainnet app (app.eigenlayer.xyz) may be suspended for up to 24 hours. To avoid delays in fund withdrawals, EigenLayer recommends that users complete all pending withdrawal requests before April 8th. Otherwise, they will have to wait for the app to fully recover before they can operate, which may take up to 24 hours. EigenLayer stated that, apart from early withdrawals, no other actions are required from users for this upgrade.

Coinbase Analyst: Ethereum EigenLayer Refactoring Protocol Hidden Security and Financial Risks

Coinbase analysts David Han and David Duong revealed the hidden security and financial risks in the Ethereum EigenLayer reconstruction protocol. EigenLayer allows validators to earn extra rewards or LRT by participating in active verification services (AVS). While the protocol can park assets and increase revenue, it also increases risks. Analysts also emphasized the potential of the protocol in promoting Ethereum innovation and infrastructure development.

EigenLayer launches its retest protocol and EigenDA data availability solution on Holesky testnet

After the Goerli testnet was discontinued, EigenLayer released its retest protocol and EigenDA data availability solution on the Holesky testnet. Now, users can conduct retests on the Holesky testnet, and operators can integrate with EigenLayer's infrastructure on the Holesky testnet. The Rollup sequencer and full node can now interact with EigenDA on Holesky, publishing, retrieving, and verifying data blobs.

Ethos partners with multiple liquidity re-staking protocols

Ethos is being developed as a "verification service" on EigenLayer, aimed at strengthening the security of the Cosmos chain by leveraging Ethereum staking. The project is working with multiple liquidity re-staking protocols to allocate Ethereum staking to protect the Cosmos chain, accumulating security commitments worth $4 billion, including protocol commitments from EtherFi, Puffer, Renzo, Swell, and Kelp, which will transfer their staked Ethereum controlled by EigenLayer to Ethos.

EigenLayer will launch mainnet in phases in the coming weeks

EigenLayer announced that it will gradually launch the mainnet in the coming weeks, with the aim of supporting a seamless transition to the EigenLayer mainnet. Before the mainnet deployment, all content will be tested on the Holesky testnet. EigenLayer stated that the reason for the gradual rollout of the mainnet is to ensure security and performance. By cautiously introducing features in steps, potential risks can be minimized, and network performance can be measured and optimized as more users and operators join the ecosystem, ensuring a stable and scalable network for everyone.

EigenLayer TVL breaks $10 billion

On March 3rd, the official website of Ethereum re-staking protocol EigenLayer stated that EigenLayer TVL has reached 2.931 million ETH, worth approximately 10.053 billion US dollars.

a16z invests $100 million in crypto startup EigenLayer

Venture capital firm Andreessen Horowitz (a16z) has invested $100 million in the cryptocurrency startup EigenLayer.

Zhu Su: Currently we do not believe Eigenlayer’s re-staking will pose a significant risk

Zhu Su, the founder of Three Arrows Capital, stated on social media that he does not currently believe that re-pledging Eigenlayer will pose a significant risk. However, if users borrow ETH and then re-pledge ETH, and continue to operate on Eigenlayer, the situation will be different because this could lead to the possibility of ETH liquidity pull, rising interest rates, and subsequently negative interest rate differential liquidation.

EigenLayer TVL exceeds 1.5 million ETH

The official website of the Ethereum re-staking protocol EigenLayer revealed that EigenLayer's TVL has reached 1.5026 million ETH, worth approximately 3.455 billion US dollars.

EigenLayer has reopened the re-staking window

Ethereum re-staking protocol EigenLayer announced that it has reopened the re-staking window, adding LST sfrxETH, mETH, and LsETH, and there is no upper limit for any LST. All deposits will be suspended again after 4 am on February 10th.