Pushing Boundaries of Trust - by Saurabh Deshpande
It has been a busy, productive week of shipping multiple stories for us.
Here’s a breakdown
- On Tuesday, we released our primer on chain abstraction in collaboration with Socket Protocol.
- Yesterday, we released our podcast episode with Pacman from Blur.
- And today, we are releasing a breakdown of intersubjectivity and how it ties to Eigenlayer’s ecosystem. This article is a follow-up to our conversation with Robert Drost from the Eigen Foundation.
As always, we are looking to collaborate, invest in and work with the brightest founders in our industry. If you are spending the weekend hacking together something cool, make sure to reach out via the button below.
Dco.Build
On to the article now,
Joel
https://www.decentralised.co/p/pushing-boundaries-of-trust
TL;DR
- Blockchains like Ethereum allow people to collaborate without needing to trust each other. However, they are limited by what is provable on-chain. EigenLayer scales this trust by enabling collaboration with expanded boundaries of 'what is the truth.'
- Restaking ETH on EigenLayer enhances capital efficiency by allowing the same staked ETH to secure multiple services (AVS), creating a more interconnected and resource-efficient ecosystem.
- EigenLayer addresses intersubjectivity or social truths by employing a two-token model. The staking token forks whenever an outcome is challenged.
- AVS reduce the barrier to entry for new projects. However, projects also need to pay for liquidity or security by sharing revenue or token inflation with EIGEN or ETH stakers.
Acknowledgements -
- Thanks to Soubhik for getting on a call and answering my questions.
- Thanks to Pratik and the Eigen Foundation team for reviewing.