What are the implications of restaking? Not every Bankless listener will be prepared for this conversation. This one is a hard one. If you want to be adequately equipped for the conversation that awaits, we recommend listening to the Bankless episode we did with Sreeram a few weeks ago. That episode will get you up to speed to understand some of the nuances and problems that are discussed in today’s episode.  Because, today on the show, we have the largest and most gigabrain panel that we’ve ever had on Bankless…Vitalik Buterin, Justin Drake, Dankrad Feist, Jessy (aka 13-year-old VC - that’s her pseudonym), and of course… Sreeram Kannan himself, founder of Eigenlayer and perhaps the creator of restaking…all moderated by Tim Beiko!  ------ 🚀 Unlock $3,000+ in Perks with Bankless Citizenship 🚀 https://bankless.cc/GetThePerks  ------ 📣 CYFRIN | Smart Contract Audits & Solidity Course https://bankless.cc/cyfrin  ------ BANKLESS SPONSOR TOOLS:  🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2  🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE https://bankless.cc/MetaMask   ⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum   🧠 AMBIRE | SMART CONTRACT WALLET https://bankless.cc/Ambire  🦄UNISWAP | ON-CHAIN MARKETPLACE https://bankless.cc/uniswap  🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle  ----------- TIMESTAMPS 0:00 Intro 4:45 Setting the Panel 8:51 Jessy’s Restaking Thoughts 10:20 Justin’s Restaking Perspective 11:40 Dankrad’s Restaking Views 12:30 Sreeram’s Restaking Arguments 14:00 Why Justin is a Restaking Doomer 18:30 EigenLayer’s Restaking Architecture  22:05 Restaking Builder Hooks  25:05 Vitalik’s Restaking Concerns   30:05 EigenLayer’s Acceleration 32:50 Sreeram Addressing Vitalik’s Concerns 37:48 Ensuring Restaking is Aligned  46:04 Reputation Systems & Alignment  51:35 Ethereum Protocol Complexity  59:00 Credible Neutrality  1:03:30 MEV Boost & PBS  1:07:10 One Shot Signatures  1:09:10 Closing Thoughts, Arguments, & Next Steps 1:16:30 Closing & Disclaimers ----------- RESOURCES Sreeram Kannan  https://twitter.com/sreeramkannan  https://youtu.be/HcEGXoC57Rw  Vitalik Buterin https://twitter.com/VitalikButerin  Tim Beiko https://twitter.com/TimBeiko  Justin Drake https://twitter.com/drakefjustin  Dankrad Feist https://twitter.com/dankrad Jessy https://twitter.com/13yearoldvc   ----------- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures 

Is re-staking the biggest thing to happen to Ethereum since MEV?  We’re joined by Sreeram Kannan who walks us through Eigenlayer. The re-staking protocol that is set to change the trajectory of Ethereum forever. It may even be launching pretty soon… ------ ✨ DEBRIEF | Unpacking the episode:  https://www.bankless.com/debrief-sreeram-kannan  ------ 🪂Airdrop Alpha is waiting for you on Bankless 🪂 https://www.bankless.com/the-ultimate-guide-to-airdrops?utm_source=YouTubeRSS&utm_medium=Info&utm_campaign=Airdrop_Alpha   ------ BANKLESS SPONSOR TOOLS:  🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2   🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE https://bankless.cc/MetaMask   👾STADER LABS | ETHX LIQUID STAKING https://bankless.cc/Stader  ⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum   🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/Toku   🎮IMMUTABLE | GAMING ECOSYSTEM https://bankless.cc/Immutable   🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle  ------ Topics Covered 0:00 Intro 7:51 How Big Is Restaking? 9:41 What is Restaking? 16:22 What Was The Aha Moment? 21:32 Restaking Explained (Simply) 25:11 Where Does Eigenlayer Live? 29:40 Slashing on Eigenlayer 42:20 Risks of Restaking 57:23 Restaking Networks 1:05:27 Designing Modular Trust 1:07:43 Eigen DA 1:10:35 The 3 Aspects Of Trust 1:14:18 Tokens On Eigenlayer 1:17:54 Why Start a Network on Eigenlayer? 1:24:22 2 Uses Of Economic Security 1:26:06 Eigenlayer Alignment 1:30:42 Restaking Risk Management 1:36:19 Takes on Vitalik's Post 1:46:55 When is Mainnet Launch? 1:49:59 How Will Restaking Change The World? 1:56:59 Outro ——— Resources: Sreeram Kannan: https://twitter.com/sreeramkannan  Vitalik’s Article ‘Don’t Overload’: https://vitalik.ca/general/2023/05/21/dont_overload.html  Sapiens by Yuval Harari: https://www.amazon.com/Sapiens-Humankind-Yuval-Noah-Harari/dp/0062316095  ------ Related Episodes: MEV: https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqa196eHJidEhiMUdla1Q5Y0FpWklJTVFkWXVfQXxBQ3Jtc0tuSGtubk1QcFpIS2lfeHdjQzJRY3dmbUFDdHpNNDRISlJfZ1F6MWh2SGM4X2JTWk1RbnVPb1dZVy1sRFF2WDNlNXFPQlFZN3dCRnJ3XzFyelp0WmxMTGtuSWh0eXhhejhuTTJCaVBDYnh6b042d2s1NA&q=https%3A%2F%2Fwww.bankless.com%2F-cryptos-existential-threat-mev-panel&v=nb7x7n8Ga3U https://www.bankless.com/125-matt-cutler    ---- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures 

Welcome to Devcon 6. The first Devcon for Bankless, the conference was a ton of fun and an amazing cultural experience in Bogota, Colombia. We’re speaking with Sreeram Kannan about EigenLayer, a platform to leverage Ethereum security through the innovative method of restaking. ------ 📣 Push | Try the Communication Protocol of Web3 https://bankless.cc/Push  ------ 🚀 SUBSCRIBE TO NEWSLETTER:          https://newsletter.banklesshq.com/  🎙️ SUBSCRIBE TO PODCAST:                 http://podcast.banklesshq.com/  ------ BANKLESS SPONSOR TOOLS:  👾 SEQUENCE | ALL-IN-ONE PLATFORM https://bankless.cc/Sequence  ❎ ACROSS | BRIDGE TO LAYER 2 https://bankless.cc/Across  🦁 BRAVE | THE BROWSER NATIVE WALLET https://bankless.cc/Brave  🔐 LEDGER | NANO HARDWARE WALLETS https://bankless.cc/Ledger  ⚡️FUEL | THE MODULAR EXECUTION LAYER https://bankless.cc/Fuelpod  ------ Resources: Sreeram on Twitter: https://twitter.com/sreeramkannan  EigenLayer: https://www.eigenlayer.com/  ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures 

Sreeram Kannan, founder of EigenLayer, explains the concept of restaking and its potential impact on the crypto space. The podcast explores the opt-in nature of restaking, leverage and slashing condition in EigenLayer, risks and governance in liquid restaking tokens, and the development of decentralized trust-based systems. It also discusses I can layer and its role in building a data availability protocol for rollups, as well as the use of restaking in the arbitrum project for economic security and trust.

Sreeram Kannan and Robert Drost discuss EigenLayer's universal intersubjective work token, criticisms of the stakedrop, and the additional token allocation. They explain the prevention of forking an entire blockchain, evolving dapps into AVSes, and EigenLayer's complementary role in the ecosystem.

Eigen Technologies founders announce the EIGEN token, a stake drop model where users claim and stake tokens, featuring intersubjective forking for security. Introduction of Robert as the new director of Eigen Foundation. Discussing the technical aspects, numbers, restaking phases, community consensus, and navigating regulatory constraints in crypto networks.

"Eigen Layer" podcast features Sreeram Kannan, CEO of Eigen Layer, discussing the current state and future of Eigen Layer. They explore the concept of democratizing restaking yield, the economic security guarantee, the super fast finality layer, and upcoming developments in Eigenlayer in 2024. Over a billion dollars have been deposited in Eigen Layer, making it one of the most ambitious projects in crypto.

Sreeram Kannan, founder of EigenLayer, dives into the future of restaking and its transformative potential for Ethereum. He discusses the growth of EigenLayer's ecosystem and innovative security guarantees offered by restaking. Sreeram shares insights on how restaking can enhance both external protocols and Ethereum's security, touching on the balance between decentralization and efficiency. He also addresses ongoing questions about its impact on the validator set and the overall Ethereum scaling roadmap.

EigenLayer, a new ecosystem like Ethereum, has a restaking mechanism to boost security. It could turbocharge Ethereum's scaling and enable decentralized software as a service providers. They discuss risks, AI integration, and the potential applications of EigenLayer. Additionally, they explore advanced cryptography for privacy in blockchains, excitement about ecosystem innovations, and the risks of staking nodes.

Sreeram Kannan, founder of EigenLayer and a former researcher at the University of Washington, dives into the innovative realm of decentralized trust in blockchain. He explains how EigenLayer allows developers to build new layers on Ethereum, enhancing security and user data ownership. The discussion covers the importance of cooperation in cryptocurrency, the evolution of commitment models, and how property rights affect resource management. Kannan also explores the synergy between AI and crypto, envisioning a future where coordination boosts economic value and efficiency.