AltLayer Flash Layers secured by EigenLayer restaking: decentralized sequencing
Thread719 words
Explains how AltLayer's Flash Layers use EigenLayer restakers as a decentralized sequencer set, why centralized sequencers are a core rollup issue, and how to test both via the Altitude Phase III testnet.
Key claims
Arbitrum, Optimism, zkSync and Polygon zkEVM sequencers are run or endorsed by their teams
Smaller rollups will likely use out-of-the-box decentralization from shared sequencers
Testnet entry means restaking stETH or rETH then launching a Flash Layer
0/ modular execution layer @alt_layer & #Ethereum-based restaking service @eigencloud are two of the biggest upcoming airdrops 馃獋 馃捀
and now you can farm both at once, thanks to @eigencloud-based decentralized sequencing for #FlashLayers in the new testnet 馃殌
a 馃У (0/22)
1/ this 馃У provides a comprehensive update on the newest iteration of the @alt_layer testnet & how @eigencloud鈥檚 restaking service can secure @alt_layer execution layers
2/ we will look at
鈿★笍 Altitude Phases I & II:
鈿★笍 Altitude Phase III:
鈿★笍 EigenLayer's Role:
鈿★笍 Flash Layers meet EigenLayer鈥檚 Restaking:
鈿★笍 The Final Vision
鈿★笍 Launching Phase III
鈿★笍 How can I farm potential airdrops?
but let鈥檚 dive in 馃憞
3/ 鈿★笍 Altitude Phases I & II:
@alt_layer has seen incredible success with the initial phases of #AltLayer's #Altitude testnet, where participants experienced the thrill of multi-sequencing, the beacon Layer, and rollup staking
4/ 鈿★笍 Altitude Phase III:
now, @alt_layer is rolling out Phase III of Altitude, in collaboration with @eigencloud. This phase allows everyone, regardless of experience, to launch a #FlashLayer and safeguard it with #EigenLayer's unique restaking mechanism
5/ 鈿★笍 EigenLayer's Role:
but first, let's unpack what #EigenLayer aims to achieve, why it's crucial, and how we're looking to harness their pioneering tech at #AltLayer 馃憞
6/ so basically, @eigencloud let's stakers expose their staked $ETH (e.g. $stETH or $rETH) to additional slashing conditions through re-staking in exchange for securing middleware, thereby leveraging the existing $ETH validator for security/trust of important middleware services
7/ these services can basically be anything (a DA layer like EigenDA, a fast finality settlement layer, etc). But in this specific case, the service that the re-staking nodes would opt-in to provide is rollup sequencing (tx ordering), on which I will elaborate more later
8/ for more info on @eigencloud, check here 馃憞
x.com/expctchaos/status/1601921935662731265
9/ 鈿★笍 Flash Layers meet EigenLayer鈥檚 Restaking:
so, the past months, the @alt_layer team has been working hard to incorporate @eigencloud into the @alt_layer protocol
10/ for @alt_layer execution layers, @eigencloud is a fantastic tool to promote decentralization, while capitalizing on the security of #Ethereum鈥檚 robust trust network
11/ 鈿★笍 The Final Vision
so as mentioned before, @alt_layer will use the network of restaking @eigencloud nodes to increase the decentralization of sequencers that maintain the #FlashLayer
12/ upon completion of the integration, a user can launch a Flash Layer via the @alt_layer rollup launchpad and simply define the number of sequencers required to operate the rollup in the process
13/ these sequencers can then be sourced from the pool of validators that have chosen to serve Flash Layers through @eigencloud鈥檚 restaking mechanism
14/ this is important as centralized sequencers are one key issues rollups are currently facing
x.com/expctchaos/status/1641440190647656448
15/ #Arbitrum & #Optimism sequencers for example are run/endorsed by the official teams to make up for the imperfection of the current system
same holds true for @zksync or @0xPolygon zkEVM
16/ this will change in the future as rollups become more mature
@0xPolygon for example will decentralize sequencing through the introduction of a staking layer with multiple roles validators can take for Polygon-based networks (including sequencing)
x.com/expctchaos/status/1679777381198991361
17/ @zkSync also has plans to build a decentralized sequencer set & @MetisDAO has basically pioneered the concept, announcing a pool of sequencer nodes already over a year ago
x.com/expctchaos/status/1537857673546215424
18/ however, many smaller (app-specific) rollups will likely opt for an out-of-the-box "decentralization-as-a-service" provided by shared sequencers like @EspressoSys, @Sagaxyz__ or @radius_xyz instead of building their own solution
19/ by using @eigencloud to sequence @alt_layer's flashlayers, #AltLayer goes down a similar path, abstracting the complexity of sipinning up a sequencer set of their own
20/ 鈿★笍 Launching Phase III
however, the integration process is still ongoing. But the Altitude III testnet does give a first glimpse at the combined power of #FlashLayers and @eigencloud...
21/ ...showcasing how #restaking middleware can supercharge #FlashLayers, enhancing their decentralization and resilience
22/ 鈿★笍 How can I farm potential airdrops?
users can get a taste of this by restaking $stETH or $rETH on the @eigencloud testnet and then using the same restaking account to launch a Flash Layer through @alt_layer鈥檚 rollup launchpad, a process designed to be swift & user-friendly
tagging a few modular chads to follow 馃馃憞
@splinter0n
@Only1temmy
@Slappjakke
@Louround_
@thesaint_
@0xSalazar
@CryptoShiro_
@jake_pahor
@0xTindorr
@poopmandefi
@Flowslikeosmo
@ShivanshuMadan
@0xShivani
@hmalviya9
@wacy_time1
@kunalgoel
@hooeem
@poopmandefi
@0xDinoEggs
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What came next 路 since 17 Jul 2023
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