TL;DR:
- TVL watch: $12.6b
- Rewards Protocol is Live & EigenDA Base Rewards
- Ungate AVS live on testnet
- Nuffle
Radius - Hyperlane Foundation & Hyperlane Alliance
- Manta Pacific now leverages MultiDA
- Skate introduces 1st Stateless App
- AVS Spotlight: Arpa
- Infinite Layers: OpenLayer
- Shared Security World Congress now available online
- Updates to The AVS Book
Ecosystem News
TVL watch: $12.6b
EigenLayer’s TVL remains at $12.6b according to DefiLlama.
Rewards Protocol is Live & EigenDA Base Rewards
The Rewards protocol, the onchain system that enables AVSs rewards stakers and operators, went live on mainnet on August 6th.
EigenDA is the first AVS to implement its own reward system leveraging the Rewards Protocol. It will give its stakers and operators monthly rewards starting at 10 ETH and growing over time. Recipients will also qualify for EigenLayer’s programmatic incentive program, which distributes additional EIGEN rewards.
Ungate AVS live on testnet
Ungate InfiniRoute is the first AVS focused on AI solutions.
It seeks to take a step beyond open-source models by providing a decentralized alternative secured by EigenLayer. The AVS is a network of agents, models, datasets and infrastructure that coordinates through AI-OS and swarmnets ultimately selecting the best model through the Model Orchestrator for any given prompt.
Nuffle Radius
These two AVSs announced their collaboration to power modular blockchains with Nuffle’s Fast Finality Layer and Radius’s Decentralized Sequencer.
Hyperlane Foundation & Hyperlane Alliance
Hyperlane launches de Hyperlane Foundation to steward the expansion of the Hyperlane Protocol and oversee HYPE, a new token to establish an alliance between motivated users of the Hyperlane network. Meanwhile the Hyperlane Alliance, which includes the Foundation, represents the interests of users and developers who collectively shape the ecosystem and awards grants to those building on it.
Manta Pacific now leverages MultiDA
Manta Network’s L2 adds integrations to EigenDA together with NEAR DA, 0G, Nubit, and Dill, introducing MultiDA on testnet.
Manta Pacific previously was integrated only to Celestia, now by adding support for more protocols it provides Manta Pacific with fallback redundancy. This brings added security and reliability to the L2 without any change on the user experience.
Skate introduces 1st Stateless App
Stateless apps run across all EVM and non-EVM chains enabling a consistent state among them. The first pilot stateless app is a Skateboard Workshop where you can assemble your own skateboard NFT across 20+ chains. The app has already been integrated among EVM chains and will expand to Ton blockchain and Solana and Eclipse on the next phases.
AVS Spotlight: Arpa
The ARPA Network AVS is a BLS Threshold Signature Scheme (BLS-TSS) Network, a decentralized network composed of multiple groups of nodes that securely generate BLS threshold signatures. These signatures are then combined and submitted to the blockchain. Its architecture combines its existing infrastructure of ARPA Chain with EigenLayer’s shared security.
BLS signature schemes as designed by the Arpa Network can be used for verifiable Random Number Generator (RNG), infrastructure for custom bridges, among other use cases. Randcast is the first application on EigenLayer, providing verifiable RNG through cryptography. So far, the AVS is secured by 24 operators and 77,700+ with 1.38 Million ETH in value restaked.
Community News
Infinite Layers featuring OpenLayer
A new episode of Infinite Layers dropped! The new episode of the series focused on exploring EigenLayer projects focuses on OpenLayer, an AVS which provides data accessibility and verifies data’s authenticity.
Shared Security World Congress now available online!
Missed the Congress? All panels from the EthCC congress hosted by the Shared Security Alliance are now live on Youtube!
Catch all of the keynotes and panels on:
- Converting Cloud to Crypto with Robert Drost, CEO of the Eigen Foundation
- Bitcoin staking, with Babylon’s Chief Protocol Economist
- Secure Restaking & Risk Mitigation
- Ensuring Interoperability
And more! Check them out
Updates to The AVS Book
New updates to The Complete Developer’s Guide to AVS Development. Check out the new code walkthroughs and content. Visit The AVS Book
Learn about EigenLayer
Key resources, docs and guides on: EigenLayer Hub & Understanding EigenLayer
{Stuff To Check Out}
- Diversify Staking with EigenLayer by @PeruriBhaskar
- Visit The AVS Book
See you next week
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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