Almost one year to the day after Ethereum protocol EigenLayer launched its “restaking” network to unprecedented industry fanfare, the network is finally adding a core feature that was, until now, glaringly absent: “slashing.”
Story continues
Eigen Labs hopes slashing — EigenLayer’s system for keeping “restakers” honest by revoking collateral if they act maliciously — will finally realize the year-old protocol’s original pitch.
“We are happy to say now that the whole promise has been delivered,” said EigenLayer founder Sreeram Kannan.
EigenLayer became one of the buzziest protocols in Ethereum history when it introduced investors to the concept of restaking, an evolution of “proof-of-stake” on Ethereum.
Ethereum’s “proof-of-stake” system lets users “stake” ether (ETH) collateral with the chain to help run and secure it
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!