Exploring Forking and Social Truth in Ethereum's Eigenlayer Project

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Delve into the concept of forking as a tool for penalizing malicious behavior and establishing social truth within Ethereum's Eigenlayer project. Highlight the challenges and implications of forking tokens, particularly the Eigen ERC 20 token, including chaos in trading and the necessity of system isolation. Discuss the security features of Oggit and Eigen tokens in prediction markets, the importance of crypto-economic equilibrium, and the design principles to deter attacks through mechanisms like amplification and majority fault triggering.

In this episode, Founder Sreeram Kannan unpacks the present and future of EigenLayer. He dives into novel concepts like intersubjectivity, attributable security, and forkable tokens that underpin Eigenlayer's unique approach to enabling trust and security for decentralized protocols. Sreeram explains the EigenLayer economy of stakers, operators and actively validated services (AVSs), the market structure considerations for AVSs, and the key differences between Eigen staking and ETH staking. He also previews upcoming developments on Eigenlayer's roadmap such as payments and slashing. Enjoy!

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Timestamps:

(0:00) Introduction

(2:42) EigenLayer AVS, Mainnet, & Token Launch

(9:11) Intersubjectivity Token Design

(16:02) Wormhole Ad

(16:40) Pear Ad

(17:05) Avalanche Ad

(17:47) Slashing Mechanism

(35:59) Eigen Social Consensus Overload

(43:17) AVS Market Structure

(52:49) Security Mining

(58:29) Validator Bonds

(1:03:10) 3rd Token System

(1:14:59) Eigen Roadmap

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Disclaimer: Nothing said on 0xResearch is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Dan, Sam, and our guests may hold positions in the companies, funds, or projects discussed.