The groundbreaking Ethereum staking-heavy protocol goals to strike a steadiness between decentralization and neutrality.
EigenLayer, the groundbreaking Ethereum staking protocol, has eliminated all restrictions on its liquid staking token pool till February 9 at 3pm ET.
Introduced on February 5, the transfer permits limitless entry to EigenLayer’s 9 present liquid staking token (LST) swimming pools, whereas introducing assist for 3 new LSTs from Frax, Mantle, and Liquid Collective.
“This lifting of the suspension marks the momentary lifting of the TVL cap, paving the best way for the everlasting lifting of suspensions and caps sooner or later,” EigenLayer explain. “This places the EigenLayer protocol at a important juncture because it seeks to steadiness neutrality and decentralization over the long run.”
EigenLayer permits Ethereum stakers to earn extra income by concurrently securing a third-party Lively Verification Service (AVS) and validating the Ethereum community. Customers can take part by re-staking Ether regionally or depositing LST into its historic cap pool.
Whereas EigenLayer has beforehand expanded its LST pool by cautiously and progressively growing its deposit limits, the protocol has not too long ago skilled explosive progress after considerably growing its LST pool cap.
In line with knowledge from DeFi Llama, the venture at the moment has a complete locked worth (TVL) of $2.17B, rating it because the twelfth largest DeFi protocol by TVL and the fifth largest dApp on Ethereum.
Decentralization and neutrality
EigenLayer accompanied the announcement with a weblog put up exploring how greatest to steadiness decentralization with future neutrality and proposed a number of measures aimed toward addressing the above concerns.
Proposed measures embrace eradicating all restrictions on its swimming pools, eradicating caps on AVS funds to retakers, and limiting “every entity’s share of protocol incentives and governance to 33%.”
“The objective is to mix the rules of reliable neutrality (minimal subjectivity) and decentralization,” EigenLayer stated. “This steadiness is important for belief and variety inside the ecosystem and displays classes discovered from Ethereum itself.”
EigenLayer has additionally not too long ago expanded the variety of LSTs it helps to mitigate its contribution to Lido’s stETH’s important dominance of the collateralized ether provide.
Begin without spending a dime
