EigenLayer is a restaking protocol built on Ethereum that allows users to restake their ETH or liquid staking tokens to provide security for other protocols and earn additional rewards. It aims to extend Ethereum's security to a broader ecosystem of decentralized applications.

EigenLayer Project Update

Exciting Developments: Slashing Goes Live!

EigenLayer has reached a significant milestone with the activation of the Slashing feature on its mainnet. This marks the completion of the protocol's v1, bringing the concept of programmable trust to life. Here's what you need to know about this major update:

Key Highlights

• Slashing Activation: The Slashing feature is now live on the EigenLayer mainnet, making the protocol feature-complete. This upgrade enforces security and accountability for operators and stakers, ensuring that programmable trust is not just a concept but a reality.
• Protocol Council Execution: The EigenLayer Protocol Council has successfully executed the slashing upgrade, finalizing signatures and implementing ELIPs 002, 003, and 004 to enable secure, on-chain slashing.
• Community and Ecosystem Impact: This upgrade empowers AVSs (Application Verification Services) to build verifiable, trustless applications, enhancing the overall ecosystem's robustness and reliability.

Important Links

• Full Breakdown on the Slashing Mainnet Announcement
• FAQ with @nonfungible_nel
• Learn about the Protocol Council

Timeline of Events

Get Involved

• Build with EigenLayer: Developers are encouraged to leverage the new slashing capabilities to create innovative applications. Start Building
• Join the Community: Engage with the EigenLayer community and contribute to shaping the future of programmable trust. Join Now

EigenLayer's latest upgrade is a game-changer for the crypto ecosystem, providing a secure and accountable framework for decentralized applications. Stay tuned for more updates as the community continues to innovate and expand the possibilities of programmable trust.