Summary
EigenLayer, with over $12 billion in TVL, launched on Ethereum mainnet, aiming to create a restaking ecosystem. However, risks like slashing events and centralization could threaten the protocol’s success. Chorus One predicts potential centralization and hidden costs for AVS operators, but despite the risks, they continue to draw delegations as an EigenLayer operator.
Key Points
1. EigenLayer launched on Ethereum mainnet with over $12 billion in total value locked (TVL), moving closer to its vision for a restaking ecosystem.
2. Potential risks for EigenLayer include pressures towards centralization, which could lead to catastrophic events like slashing cascades that compromise Ethereum’s security.
3. Despite potential risks, Chorus One continues to draw delegations as an EigenLayer operator, highlighting the ongoing growth and interest in the protocol.