2024-08-27
EigenDA is a data availability (DA)
layer developed by EigenLabs, built on top of the EigenLayer protocol, which
leverages Ethereum's restaking mechanism.
It is designed to address the
scalability and cost issues related to data availability in the Ethereum
ecosystem, particularly for rollups.
EigenDA aims to provide a
high-throughput, decentralized, and secure solution for data availability,
which is critical for the operation of layer-2 rollups and other blockchain
applications.
EigenDA supports a dual quorum setup where rollups can use both ETH and their native token to secure the data availability layer, offering additional flexibility and security options for rollup developers.
EigenLayer’s data availability
protocol, EigenDA, on August 26, 2024, announced support for native token
restaking for layer-2 scaling networks.
This addition is alongside the existing
support for Ether (ETH) and EigenLayer’s native EIGEN token.
Users can now earn yield from restaking
layer-2 tokens on EigenDA.
Teams can restake their ERC-20 token to
secure a custom quorum for their rollup, which provides stronger security for
rollup users and token holders earn token yield.
EigenDA aims to reduce the costs of
storing and accessing on-chain data for Ethereum’s layer-2 scaling solutions.
EigenLayer currently has $12.592 billion in total value locked (TVL), making it a significant player in the DeFi
space.
This move is expected to offer enhanced
security and yield opportunities for token holders, addressing the cost and
security bottlenecks for layer-2 scaling chains.
The restaking feature allows the use of
previously staked tokens to secure other protocols, which can lead to increased
security and additional yields.
With the integration of ERC-20
restaking, users have more options to earn yields through the restaking of
layer-2 tokens.
