

Why EigenLayer May Be the Most Innovative New Ecosystem Since Ethereum - Ep. 618
17 snips Mar 12, 2024
Sreeram Kannan, founder of EigenLayer, and Olaf Carlson-Wee, founder of Polychain Capital, dive into the explosive growth of EigenLayer, likening it to the early days of Ethereum. They discuss how EigenLayer's innovative restaking mechanism could enhance security and functionality for various protocols. The duo explores the potential applications of actively validated services, the transformative effects on smart contracts, and the intertwining future of EigenLayer with AI. They also touch on risks associated with restaking and the ongoing quest for blockchain interoperability.
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EigenLayer's Core Function
- EigenLayer lets developers use Ethereum's trust network.
- Developers can build Actively Validated Services (AVSs), like trust-backed APIs.
Benefits for Stakers and Developers
- Ethereum stakers can easily join EigenLayer, increasing their earnings.
- EigenLayer offers developers Ethereum-level security without launching a new blockchain.
Decentralized SaaS
- EigenLayer transforms Ethereum into a platform for decentralized software services.
- These services share security, like a decentralized version of today's web services.