Unchained Do You Need to Think Twice Before Restaking Your Assets? - Ep. 488
May 2, 2023
Sreeram Kannan, founder of EigenLayer, and Konstantin Lomashuk, cofounder of Lido Finance, dive into the evolving Ethereum staking landscape post-Shanghai upgrade. They discuss EigenLayer's innovative approach to security, the risks of restaking, and how Lido aims to maintain decentralization. The duo explores the intriguing concept of superfluid staking and its potential in DeFi. Listeners will also learn about the challenges of balancing staking rewards with Ethereum's core values and what this means for the future of decentralized finance.
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EigenLayer's Purpose
- EigenLayer lets developers build new systems on top of Ethereum's security.
- This allows for the creation of diverse services like oracles, bridges, and new consensus protocols.
EigenLayer vs. Polkadot & L2s
- EigenLayer differs from Polkadot by being opt-in and supporting more diverse services than just virtual machines.
- It's more akin to Layer 2s but with added flexibility in security applications.
EigenLayer as a Risk Marketplace
- Konstantin Lomashuk views EigenLayer as a risk marketplace where protocols can access shared security.
- Smaller protocols particularly benefit, as they avoid managing stake directly.
