EigenLayer News: New AVS go live, EIGEN claims, Build On Eigen | May 14th

• TVL watch: $18b

• Phase 2 of the EIGEN stakedrop announced

• EigenDA supports Optimism’s Alt-DA Mode

• Layer N 🤝 EigenDA

• Uniswap x EigenLayer Researchathon at EthCC

• Shared Security Hackathon at EthCC

• AVS MicroHacks Hackathon winners

EigenLayer maintains a total value locked (TVL) of $18.02b according to DefiLlama. 

Phase 2 of the Season 1 EIGEN stakedrop was officially announced June 19th. Phase 2 distributes EIGEN among DeFi users who engaged with Kelp, Pendle, Equilibrium, and other protocols before March 15th.

In total Season 1 distributed about 113 million EIGEN, 6.7% of the 15% of the total EIGEN supply set for stakedrops. Stakedrops are part of community allocations and will be distributed across many seasons. More news about the Season 2 distribution details in the coming weeks!

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Optimism enabled the Alt-DA mode for the OP Stack! OP Stack chains can now leverage this feature to submit transaction batches to any alternate data availability layer – including EigenDA! This brings the potential to unlock many integrations for EigenDA.

The Alt-DA Mode feature is still in beta, meaning Optimism core contributors are still improving Alt-DA Mode.

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Layer N’s Testnet V1.2 is live! Layer N is a multi-tenant L2 blockchain, a network of independently-scalable custom execution environments. It leverages EigenDA, allowing for high throughput and lower costs.

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Xterio MACH was one of the very first AVS on EigenLayer Mainnet. It was launched by Xterio, a Web3 game developer and publisher founded by veterans of the game industry. 

Like DODOchain and Cyber, it was built with AltLayer’s restaked rollup MACH product to achieve fast finality for the Xterio L2. The restaked deposits through EigenLayer to secure MACH are used to attest to the validity of a given rollup’s state offering a fast finality layer for rollups. 

So far Xterio MACH is secured by 42 node operators and 93,822 stakers, with over 1,180,000 ETH in total value restaked.

Going to EthCC? Explore the intersection of Uniswap v4 hooks and EigenLayer AVSs in the Researchathon. Join both teams for networking, research and a talk with Eigen Labs and Uniswap Foundation.

Date: July 10th

Register 

Build shared security innovation projects in the hackathon hosted by  the Shared Security Alliance, EigenLayer and Othentic. Builders will hack for 3 days, pitch their project and compete for over $20k in prizes!

Date: July 6-8 

Learn more

The 21- day virtual hackathon onboarded 100+ devs and generated 25+ educational pieces. The hackathon included over $50,000.00 in bounties and prizes and focused on making AVS development easier and more approachable for developers from all backgrounds.

Check out the results and submissions

Key resources, docs and guides on: EigenLayer Hub

{Stuff To Check Out}

• MicroHacks submissions – educational, tooling and architectures resources

• Coinbase now supports Lagrange State Committees (LSCs)

• AVS consumers thread by Gajesh

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. 

About us, @ocandocrypto and @eugenia, we’re core contributors to web3citizen.xyz.
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