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TL;DR EigenLayer activated slashing, a feature that allows penalizing malicious operators by removing part or all of their restaked collateral. Each validated service will be able to define its own penalty rules, enabling a progressive and controlled implementation.
Astar, AltLayer, and EigenLayer partner to build a Fast Finality Layer for Soneium and slash finality by 98% to under 10 seconds. The post Soneium Slashes Finality by 98% With Astar Network, AltLayer, and EigenLayer appeared first on Cryptonews.
TL;DR Soneium, developed by Sony Block Solutions Labs, has slashed transaction finality time from 15 minutes to under 10 seconds. This breakthrough is made possible through a new partnership with AltLayer and EigenLayer, utilizing restaking technology and decentralized validators.
The crypto market's volatility continues, compounded by the absence of bullish signals from broader financial markets. While altcoins are becoming less dependent on external developments, they are increasingly relying on internal network progress to drive price movement.
This week, several top crypto news events are in the lineup, with stories spanning various ecosystems and having price implications for concerned tokens. From Jupiter and Orca decentralized exchanges (DEX) to PolitiFi meme coin TRUMP, multiple developments are already in the pipeline.
EigenLayer has enhanced two major integrations, with Mantle Network and ZKsync adopting EigenDA for data availability and ZKsync also incorporating EigenLayer's Autonomous Verifiable Services (AVSs) for decentralized zero-knowledge (zk) proving. These partnerships expand EigenLayer's role in Ethereum's modular security landscape, reinforcing its position as the leading restaking protocol.
EigenLayer, Polymarket, and UMA have announced a collaboration to research and potentially develop a next-generation oracle system, leveraging EigenLayer's infrastructure.
TL;DR EigenLayer partners with UMA and Polymarket to create a next-generation oracle system, enhancing prediction market oracles' reliability and functionality. The new oracle system leverages EigenLayer's restaking mechanism and EIGEN token, along with UMA and Polymarket's expertise, to align dispute resolutions with community consensus.
EigenLayer, Polymarket, and UMA have announced a collaboration to explore and potentially develop a next-generation oracle system. The post EigenLayer, Polymarket, and UMA Join Forces to Develop Next-Gen Oracle System appeared first on Cryptonews.
The collaboration remains in the research and development phase, with details on technical architecture and launch dates yet to be disclosed.
The smart contract platform Moonbeam has introduced Datahaven, a decentralized storage protocol for AI and Web3 applications, in collaboration with Eigenlayer. The solution targets Ethereum layer two (L2) developers, offering secure, censorship-resistant data storage.
The crypto market started the week on a bearish note, with Bitcoin slipping below $98,000 during today's intraday low. This downward pressure has extended to altcoins, many of which are experiencing significant corrections.
TL;DR EigenLayer has launched its Rewards v2 upgrade on the Ethereum mainnet, enhancing flexibility, efficiency, and customization in the reward system. Key features include operator-specific rewards, variable fees for Actively Validated Services (AVSs), and batch reward collection to reduce gas fees.
Cryptocurrencies remained on edge last week as the volume dried up because of the Christmas holidays. The Santa Claus rally pushed Bitcoin (BTC) close to the $100,000 level and then the momentum faded, pushing it below $95,000.
EigenLayer's adoption surge is a sign of its growing influence in the Ethereum staking ecosystem.
Wormhole is working with Nuffle Labs on a solution to expand EigenLayer's restaking functionality beyond the Ethereum ecosystem.
Key points of the news: Wormhole and Nuffle Labs launch a native multichain restaking solution that eliminates the need for cross-chain bridges. The integration of Wormhole, NUFF Protocol, and EigenLayer allows users to stake without losing the native properties of assets and improves capital efficiency.
Eigen Foundation has announced that it will commit 1% of all EIGEN token supply to Protocol Guild, an on-chain fund for maintaining the Ethereum Layer-1 network. The foundation which supports the restaking platform, Eigen Layer, announced this on X, noting that it is committed to Ethereum security.
The Eigen Foundation has announced its commitment to allocate 1% of its EIGEN token supply to the Ethereum Protocol Guild.
The Eigen Foundation has committed 1% of its EIGEN token supply to the Protocol Guild, a group dedicated to Ethereum Layer-1 research and development. According to CryptoSlate data, the EIGEN token has a total supply exceeding 1.6 billion.
EigenLayer's total value locked (TVL) currently stands at over $18 billion.
According to data from CoinMarketCap, there are approximately 210 million EIGEN tokens in circulation, with a total supply of 1.68 billion.
The declining momentum has raised concerns within the crypto market, making the continuation of the altcoins' uptrend more reliant on upcoming network developments and demand.
TL;DR Anchorage Digital now supports Liquid Collective's liquid-staked ETH (LsETH), allowing institutional clients to stake Ethereum and receive LsETH, representing staked ETH and accrued rewards. Institutions can earn Ethereum network rewards while retaining the flexibility to sell, transfer, or deploy their staked tokens, and can restake LsETH on EigenLayer for additional rewards.
