Categories: Crypto News

EigenLayer Unveils Final Mainnet Roadmap Ahead of Launch

EigenLayer, the top of the range, Ethereum ETH

+10.56%
restoration project, has released a roadmap outlining its plans to launch its mainnet.

“Our primary goal remains a smooth launch that prioritizes both security and performance,” Eigen Labs said in a statement. blog post published Thursday. “To achieve this, we are introducing a phased approach now and which will continue over the coming weeks.”

Last month, venture capital firm Andreessen Horowitz invested $100 million in Eigen Labs, the core development team behind EigenLayer. The total value of assets deposited under the project exceeded $10 billion earlier this month.

EigenLayer’s protocol allows users to restake validators’ ether stakes natively or via liquid staking tokens, allocating these funds to economically secure third-party protocols.

The project’s ramp-up to mainnet involves the launch of its final testnet on Ethereum’s Holesky testnet which will be “up and running soon”, he said in his post. During a “stage 2” testnet on Goerli, 6,000 operators tested the network. Now, as “Goerli is no longer actively supported by Ethereum client teams,” the final EigenLayer testnet is being moved to Holesky, Eigen Labs also said.

EigenLayer mainnet ramping up

As the organization prepares for EigenLayer’s mainnet launch, Eigen Labs said its “web application and all mainnet contracts will be suspended to facilitate controlled deployment and operator onboarding to the network.” . Eigen Labs added: “This temporary halt to deposits and withdrawals will help ensure a smooth transition. »

Gradually, operators will be able to register on the main network, the organization also indicated.

About a year ago, Eigen Labs closed a $50 million Series A funding round led by Blockchain Capital with participation from Coinbase Ventures and Polychain Capital, among others.


Disclaimer: The Block is an independent media outlet providing news, research and data. Since November 2023, Foresight Ventures has been a majority investor in The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to provide objective, impactful and current information about the crypto industry. Here is our current financial information.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Harper Lee

Recent Posts

Deutsche Bank closes branches in favor of video advice

Deutsche Bank is to close a “mid-double-digit number” of branches and at the same time…

5 hours ago

This way you can effectively modernize your core business while reducing risk

Consumer expectations are rapidly changing the way banks operate. What challenges do banks face…

11 hours ago

Starling warns of an increase in voice cloning fraud

Voice cloning, in which fraudsters use AI technology to imitate the voice of a friend…

17 hours ago

Banks in Singapore are adding facial verification to their security toolkit

Banks in Singapore will gradually implement Singpass Face Verification (SFV) over the next three months…

23 hours ago

Indian lending app mPokket is hiring 5,000 new employees

Indian digital lending app mPokket will hire 5,000 new employees in the coming year, more…

1 day ago

FDIC plans to tighten custodial deposit rules after Synapse collapse

Following the collapse of fintech company Synapse, a US regulator has unveiled plans to tighten…

1 day ago

This website uses cookies.