Permissionless Token Support to the EigenLayer is coming soon

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Bitget2024/08/14 15:01

By:EigenLayer

Coming Soon: Permissionless Token Support

What

Eigen Labs is proud to introduce Permissionless Token Support, an upcoming update, to the EigenLayer protocol. This feature will enable any ERC-20 token to be added as a restakable asset, significantly broadening the scope of assets that can contribute to the security of decentralized networks, and unlocking the cryptoeconomic security of unlimited ERC20 tokens on Eigenlayer.

Why

Expanded Cryptoeconomic Security Any ERC-20 asset will be able to be utilized for cryptoeconomic security. Categories of potential new ERC-20 assets include native AVS tokens, stablecoins, and BTC-denominated tokens.

Customized Security Profiles

AVSs will have the ability to fully customize their cryptoeconomic security profiles. They can choose to distribute work and rewards to a broad array of tokens supported by EigenLayer operators.

AVS Token Utility

The ability for AVSs to use their native token for cryptoeconomic security unlocks new utility for AVS tokens including gaining essential security functionality and being used for rewarding restakers and operators.

When

Currently this feature is on testnet for a short permissioned testing phase. @eigen_da will be the first AVS to test and use permissionless token support. Mainnet deployment, a protocol-level update, is scheduled for next week. User Interface support for restakers will be added later in Q3.

Learn More: - Blogpost: https://t.co/y6emi2n2Vy

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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