Movement Labs targets 1-second L2 finality by end of 2024: Co-founder
Apps will be able to settle directly on Movement’s L2 with fast finality ‘postconfirmations’ secured by stakers, the co-founder said. Go to Source
EigenLayer
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EigenLayer AVS ARPA to launch native restaking rewards soon
It will be an important test case for EigenLayer and other restaking protocols, which promise extra yield on staked tokens in exchange for securing additional networks. Go to Source
Ether.fi launching ‘crypto-native’ credit card on ZK-rollup Scroll
The degen-branded card is non-custodial and lets users pay by borrowing against crypto collateral, Ether.fi said. Go to Source
86 Million Tokens Set for Distribution in Eigenlayer’s Season 2 Stakedrop
The Eigen Foundation has launched its Season 2 stakedrop, offering EIGEN tokens to stakers, ecosystem partners, and community members who contributed to the Eigenlayer network. Token claims will open on or before September 17, 2024, with rewards based on participation in staking, contributions to the ecosystem, and early support for the project. Eigen Foundation Announces … Read more
EigenLayer rolls out ‘major update’ to restaking contracts
The upgrade aims to enhance rewards for restakers. Go to Source
ETH restaking surge driven by a decrease in annual staking rates — P2P.org
Artemiy Parshakov, the head of staking at P2P.org, said that the fierce competition among service providers in staking had driven the adoption of restaking. Go to Source
EigenLayer’s EigenDA to support layer-2 native token restaking
Users will be able to earn restaking yield from layer-2 tokens on EigenDA. Go to Source
EigenLayer’s Rapid Ascent: $12.9B Locked And Counting
EigenLayer is making waves in the DeFi world, with $12.9 billion now locked up—a staggering 11% increase in just a week. The total amount of ETH being restaked has soared to an impressive $14.5 billion, signaling a massive vote of confidence in this emerging protocol. A closer look reveals that a significant 70% of EigenLayer’s … Read more
EigenLayer’s EigenDA touts 10x cut in data prices
The data availability protocol is also introducing a “free tier.” Go to Source
EigenLayer TVL hits $12.9B, climbs 11% in one week: ITB
EigenLayer leads the restaking sector with a $12.9B TVL, driven by AVS rewards and growing interest in Ethereum-based restaking. Go to Source
