EigenLayer News: AVS Rewards & EIGEN Incentives | Jul 30th

• TVL watch: $16.2b

• AVS Rewards and EIGEN Programmatic Incentives 🔜

• AltLayer launches Near DA public testnet

• RiskLayer secures pre-seed round

• Fusionist adopts Hyperlane for cross-chain solutions

• EigenExplorer launches Liquid AVS Tokens (LAT)

• AVS Spotlight: Cyber

• Infinite Layers: Nuffle
  

EigenLayer maintains a total value locked (TVL) of $16.2b according to DefiLlama. 

Soon AVSs will gain the ability to reward stakers and operators for their participation. An AVS can specify a time range for the reward, a relative weighting of LSTs and NativeETH for the reward, and an ERC20 token to make rewards in.

Additionally, EigenLayer will enable a programmatic incentives program, in which EIGEN will be distributed to stakers and operators of each AVS proportionate to the rewards distributed by each AVS. At least 4% of EIGEN's total supply will be distributed through the program.
Read more

AltLayer announced the first ever NearDA public testnet released earlier today!

It was built in partnership with Nuffle and on the OP Stack. The testnet offers lower costs and brings increased scalability.
Read the announcement

Risklayer is an economic security middleware protocol built on the shared security primitives of Eigenlayer. It aims to build a risk-intelligent DeFi ecosystem. The ‘Builders round’ is led by Antler and VC Momentum6. Chainrisk Labs has secured more than $10 billion in AUM.

RiskLayer's proposed AVS include a Risk Oracle AVS, the data provider of DeFi risk, and a Risk Rollup AVS.
Read more

Fusionist, the blockchain game & game infrastructure layer integrates Hyperlane for their cross-chain communication needs.
Read more

EigenExplorer introduces its North Star release and with it Liquid AVS Tokens, a new asset class designed specifically for the EigenLayer ecosystem. LAT allows direct restaking into one AVS, automatic operator selection, and a liquid receipt token to be integrated with DeFi.
Read more

Cyber is the Superchain-alligned L2 for social. It is built using the Optimism's open-source OP Stack and hyper scale EigenDA, ensuring high TPS at low costs.

The Cyber MACH AVS is designed to ensure fast finality for Cyber L2, powered by AltLayer. AltLayer's MACH restaked rollups provide fast finality with shared security guarantee and faster interoperability, while EigenLayer ensures the network to be secured by restaked ETH.

Since its launch the Cyber MACH AVS gained the support of 55 operators, 121,600+ stakers and a total of 1,963,000+ restaked ETH.

Learn more: Cyber Docs

The latest episode of Infinite Layers, the series that highlights projects developed on EigenLayer is live. In it Altan Tutar and Firat Sertgotz, introduce Nuffle: Near’s fast finality layer AVS.

Leveraging EigenLayer, Nuffle allows participating networks to quickly access information from other networks.
Watch the new episode

Key resources, docs and guides on: EigenLayer Hub & Understanding EigenLayer

{Stuff To Check Out}

• Engineering blog: Design solidity events in Ethereum and EVM 

• Learn about Zellular Exchange (ZEX)

• EigenLayer AVS Ecosystem – @edatweets

• ValidatorInfo's EigenLayer Operator and AVS Insights

• Understanding AVS and their impact on decentralization

EigenLayer News is a space to stay informed about announcements and initiatives within EigenLayer. Our aim is to provide a window into what we believe is the ultimate coordination layer in crypto.

Subscribe so you don’t miss our next edition.

About us, @ocandocrypto and @eugenia, we’re core contributors to web3citizen.xyz.
Reach out to us on @eigenlayernews or @web3citizenxyz - we would love to hear your feedback!