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EigenLayer Launches Permissionless Token Support on Mainnet

Aug 27, 2024
  1. Permissionless Token Support
  2. Support for Custom Quorums
  3. Competition and Metrics

EigenLayer has announced the mainnet launch of its permissionless token support, significantly expanding the protocol’s restaking feature.

Permissionless Token Support

The Eigen Labs team stated on X on August 26 that the permissionless token support is now live on the mainnet, allowing any ERC-20 token to be used as a restakable asset on EigenLayer.

Support for Custom Quorums

EigenDA, an actively validated service on EigenLayer, has also introduced EigenDA Custom Quorums. This feature allows teams to restake their ERC-20 tokens to secure custom quorums for their rollups, enhancing security for rollup users and providing token yield for token holders.

Competition and Metrics

According to DeFiLlama, the total value locked on the protocol currently stands at over $12.76 billion. EigenLayer’s main restaking market competitor, Symbiotic, has a TVL of $1.73 billion.

This launch provides participants in the proof-of-stake ecosystem with new opportunities to utilize staked assets while maintaining and enhancing network security.

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