EigenLayer Launches on Ethereum’s Blockchain

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Restaking protocol EigenLayer, with over $13 billion in assets, has officially launched on the Ethereum mainnet. However, some key features, such as in-protocol payments to operators and the slashing mechanism, are not yet available but will be rolled out later this year.

In its April 9 blog post announcing the launch, EigenLayer mentioned that in-protocol payments to operators from actively validated services, like apps and cross-chain bridges, are still in the works.

The slashing mechanism, which penalizes validators if they fail to perform their duties correctly, is also not implemented yet.

These features will be introduced “later this year” after the EigenLayer marketplace has had time to stabilize, the protocol stated without providing a specific timeline.

Currently, restakers can delegate their restaked ETH balance to EigenLayer operators who are responsible for operating actively validated services.

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