EigenLayer vs EigenDA vs EIGEN: what each one is
Quote187 words
Clears up the confusion between EigenCloud (verifiable services platform for crypto-economic security), EigenDA (its flagship DA AVS providing cheap blob space) and the EIGEN token, which governs and secures the system by addressing intersubjective faults.
Key claims
EIGEN becomes transferable on 30 Sept
EigenDA is the flagship AVS and enables hyperscale rollups
EIGEN can be staked to secure AVSs and earn rewards
The $EIGEN token will become transferrable on the 30th of September.
Meanwhile, the confusion around @eigencloud and @eigen_da for many persists.
Time to clear this up once and for all. 👇
@eigencloud = Decentralized cloud for crypto-economic security, or a developer platform for verifiable services (a.k.a. Actively Validated Services) that serve Web3 apps specialized functionality at scale.
@eigen_da = The flagship AVS of the ecosystem and a hyper-specialized DA solution that provides rollups cheap and abundant blob space to post their data to. It's the broadband moment of Web3 and the key enabler of hyperscale rollups (and ultimately apps) on Ethereum.
$EIGEN is the native token of the @eigencloud protocol and plays a key role in governing and securing the entire shared security system.
It is crucial to address intersubjectively attributable faults and ensures a smooth forking process.
$EIGEN can be staked to secure AVSs (incl. @eigen_da) and earn rewards, while DeFi integrations for the token will follow.
Want to dive deeper on @eigen_da? ♾️ ✨
In the thread below, @RedactedRes breaks down @eigen_da's vision, tech and ecosystem in detail.
A read you simply can't miss! ⤵️
QUOTING @a1research__
✨🀄 Redacted Research - EigenLayer Series 🀄✨ @eigen_da is the flagship AVS of the @eigencloud ecosystem, has $8.5B in crypto-economic security, and functions as the key enabler of hyperscale rollups on Ethereum. Deep dive full of ██████ alpha. 📚 ⤵️ In this post we will cover
✨🀄 Redacted Research - EigenLayer Series 🀄✨ @eigen_da is the flagship AVS of the @eigencloud ecosystem, has $8.5B in crypto-economic security, and functions as the key enabler of hyperscale rollups on Ethereum. Deep dive full of ██████ alpha. 📚 ⤵️ In this post we will cover
What came next · since 24 Sep 2024
Show how the covered asset moved
This explainer walks through how things work without making a call on the token, so price moves since publication are shown as market context.
Covered, no call
Since then
Zero has written 3 more pieces on $EIGEN since this one.
- Is EIGEN undervalued? Short TL;DRBullish call on $EIGEN
- Is EIGEN undervalued? Intersubjective security and valuation mathBullish call on $EIGEN
- EIGEN valuation napkin math: restaking demand and AVS feesBullish call on $EIGEN
Daily closes in USD from DefiLlama and Yahoo Finance. Only a bullish or bearish call in a thesis or market take is tracked; explainers, lists, maps and mentions are neutral context. Not financial advice.