EigenLayer News: EigenDA Custom Quorums | Aug. 28th

• TVL watch: $11.7b

• Permissionless Token Support Mainnet Launch

• EigenDA Custom Quorums

• Morph partners with eOracle

• EIGEN Staking Withdrawal Delay Lowered

• Sreeram on the Bell Curve podcast

• Meet the Hack AVS bounty winners

• Future Founders Cafe

EigenLayer’s TVL remains around $11.7b according to DefiLlama. 

The update that allows any ERC-20 token to be used as a restakable asset is now on Mainnet. This expansion significantly broadens the range of assets that can participate in and contribute to EigenLayer's shared security model.

Guides have been updated for AVS and restakers to learn how to support and restake ERC-20 tokens. More info here.

EigenDA announced teams can now restake their ERC-20 token to secure a custom quorum for their rollup. Quorums are groups of operators defined by a distinct distribution of restaked assets. Until now, EigenDA had two default quorums: ETH and EIGEN. With custom quorums, rollups can add a quorum resulting in a greater alignment of the quorum and rollup: "If the quorum's operator-stake were to perform a data withholding attack, they would be undermining their own token's value". As tokens quorums are added to EigenDA, operators can choose to opt-in.

For now, adding additional token to the set of quorums is permissioned. But the process will be permissionless.

Morph L2 is now powered by the eOracle network, allowing its builders to leverage cryptoeconomically secure real-world data and computational resources.

Read the announcement.

EigenLayer announced the withdrawal delay for staked EIGEN has been lowered from 24 days to 7 days. “This will limit the liquidity risks of staking EIGEN in preparation for future potential changes once intersubjective slashing is live on mainnet.”

Sreeram addresses the airdrop controversy and what changes they are making internally to boost transparency. They take a look at the new updates of permissionless token support and how they will impact AVS security preferences.

Check out the episode

Dora Hacks announced the Hack AVS EigenLayer Hackathon bounty winners. 11 projects were selected across 4 bounties by Drosera, Movement Labs, OpenLayer and Inco.

Hack AVS was the first global hackathon focused on EigenLayer's AVS technology. Learn more about the initiative here.

EigenDA and MegaETH will be hosting a private space ideation of new applications in NYC. The discussions and ideations will include participation of founders and engineers. 

Date: Thursday Aug. 29th. 10:30 PM

Learn more & Register

Resources and guides by Web3 Citizen: EigenLayer Hub & Understanding EigenLayer

{Stuff To Check Out}

• What is a ZK Coprocessor? The Rollupco w/ Brevis, Lagrange & Cartesi

• Upcoming Spaces: The Stack for a Decentralized Future w/ Aligned, Versatus & Opacity

• Cracking Proofs: The Benefits of ZKPs and Fraud Proofs – Lagrange

• Decentralized Trust Ep.1 w/ Venn

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

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