EigenLayer and EigenDA Launch on Ethereum Mainnet

EigenLayer, a "restaking" service for Ethereum that has already racked up $12 billion in user deposits, announced today that it is officially launching to the blockchain's mainnet. The launch comes alongside the release of EigenDA, a data-availability (DA) service from the team behind EigenLayer. Eigen Labs, the development firm behind EigenLayer, announced the launch on Tuesday on EigenLayer's X account. EigenLayer's pitch is that it lets upstart blockchain protocols borrow Ethereum's security – allowing users to take ETH they've staked with Ethereum, and then "restake" it with a much larger pool of ETH from other users in exchange for extra interest.

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