Summary
TLDR: EigenLayer, an Ethereum restaking protocol, launched on mainnet with its data availability solution EigenDA. It allows staked ETH to be restaked to run AVSs. Some concerns over risks, but these are not likely to surface immediately. Large venture bets, including from A16z, are starting to play out with the mainnet launch.
Key Points
1. EigenLayer, the highly-anticipated Ethereum restaking protocol that has attracted billions of dollars worth of customer deposits, went to mainnet Tuesday afternoon.
2. EigenLayer’s data availability solution, named EigenDA, also went live as an actively validated service (AVS) built on top of EigenLayer.
3. The launch came with training wheels of sorts, however, as critical components of EigenLayer are not set to go live until later this year.