Written by: NingNing
EigenLayer will unlock transfers tomorrow and is expected to be listed on top exchanges. I have some random thoughts about EigenLayer, and I would like to share them at this time:
The Restaking track has always been criticized by skeptics as a Russian nesting doll game between equity tokens. This criticism ignores the fact that Restaking has a strong positive externality: EigenLayer and a number of satellite protocols such as Etherfi, Puffer, Renzo, KelpDAO, and Swell have jointly broken Lido's absolute monopoly in the LST market, reducing Lido's market share from ~33% that threatens the security of Ethereum consensus to ~28% now, maintaining the decentralization and security of the Ethereum mainnet.
Restaking+AVS is the complete form of Eigenlayer. Currently, there are 19 projects using EigenLayer's AVS. Except for OmniNetwork, Cyber MACH, AltLayer MACH, DODOchain MACH, and ARPA Network, the remaining tokens have not yet been TGE.
Among the projects that have not issued coins, the star projects are: the official DA project EigenDA, the cross-chain protocol Hyperlane, the oracle project eoracle, the Depin project Witness Chain, and the ZK coprocessor project Lagrange.
After Vitalik confirmed the roadmap of Rollup Centric on behalf of the Ethereum community, the Infra infrastructure of the ReStaking+AVS paradigm, which is in competition to a certain extent, fell into a confused stage. The next direction may be to integrate with the Rollup paradigm and provide services such as DA, shared sequencers, high-security oracles, unified cross-domain liquidity, and ZK coprocessors for Rollup as a wingman.
Given the current adoption of AVS, the consensus overload problem that the Ethereum community is worried about is not as urgent as it was before May this year when the Restaking track grew exponentially.
Consensus overload refers to the fact that validators may take on too many responsibilities, beyond their original roles on the Ethereum mainnet. This may lead to:
Validator resource dispersion: Validators may spread their computing resources and attention across multiple tasks, which may affect their performance on the mainnet.
Complex incentive mechanism: Participating in multiple protocols may lead to complex incentive mechanisms, potentially affecting the behavior of validators.
Security considerations: If a large number of validators participate in EigenLayer, it may affect the overall security of the Ethereum mainnet.
Xu Lin