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I didn’t hear of projects which stake ETH. Guess most of the projects require staking their native tokens. Would love to know!
every project built on eigenlayer will need $ETH restaked, eventually some projects will launch their own token but the security will be coming from $ETH stakers
yeah that’s my point.
so maybe the first implementation of dual staking would be very important .
haha hope to hear more update of 0xmantle which adopt the dual staking token to verify the txn on their L2
Agree ,I can feel this must be interesting to coordinate the both sides
If you checked Jon’s blog post in Flashbots forum, which is super interesting: SUAVE Economic Security Models - The Flashbots Ship - The Flashbots Collective
It’s possible that SUAVE will require their validators to stake ETH, because they claimed there would not be native token for the chain.
The idea might be similar.
Appreciate it. Speculative on my part of course, but I find it highly unlikely they would ever require validators to naively stake bridged ETH on a new L1. Purpose of that post was to show why that’s obviously incredibly inefficient/low security and explore the realistic options (re-staking, rollups, or bridging LSTs).
That’s why no protocol requires staking ETH today - there’s just a massive opportunity cost (natively staking ETH) if you can’t re-stake. Hence the appeal of re-staking to remove that opportunity cost.
Back and forth with Hasu in the replies section helpful as well to understand their perspective and tradeoffs.
with the ETH staking there it must be safer than the solely native ERC20 token of the protocol .
Appreciate your useful data point .
What is Eigen Layer? In simple terms - #69 by isapiedrahi It’s good to be kind in the community. Here an example. Thank you @isapiedrahi
Hey community just updating this thread with protocols that have been discussed since the original post:
A bridge to bring Bitcoin into the DeFi ecosystem that uses restaking to secure the escrowed BTC:
A protocol for cross rollup applications secured by restaking:
A decentralized VPN that is secured through EigenLayer;
A protocol that allows for proving Ethereum state to other chains:
Also wanted to list the Espresso decentralized sequencer – this post isn’t from the team themselves but I think it gives some helpful context:
If you’re interested in learning more you can check out the following info on their website:
And if you are interested in reaching out to the team directly I’ve found the following team members to be quite helpful in answering questions that I’ve had: