EigenLayer announces mainnet launch plan, will DVT become a short-term hype target?

Original author: shushu

Last night, the re-staking protocol EigenLayer announced that it will use a multi-stage approach to launch the operator mainnet in the next few weeks, which is a key node for the entire re-staking track. Previously, a16z EigenLayer invested US$100 million. In March last year, Blockchain Capital led EigenLayer’s US$50 million Series A financing.

The second phase of EigenLayer mainnet is online

The official explanation stated that the reason for launching the mainnet in stages is for security and performance considerations, and that it will be debugged on the Holesky testnet before deploying the mainnet.

First, EigenLayer’s web application and all contracts will be suspended to facilitate operators’ controlled deployment and go-live on the network, and deposits and withdrawals will be suspended. After operators gradually register, EigenDA will be officially released. With the mainnet launch complete, the EigenLayer web application will include a new staker dashboard and operator discovery page. Subsequently, the delegator’s delegation, deposit and withdrawal functions will be reopened.

It is worth mentioning that with the launch of EigenDA, the AVS ecosystem will also be developed on the EigenLayer mainnet. AVS is Active Verification Service. DApps that use re-staking ETH to enhance its utility are called AVS and are dedicated to attracting re-stakers to help improve security. These AVS are sometimes called modules, and can also be any projects such as new blockchains, DA layers, virtual machines, oracle networks, cross-chain bridges, etc.

EigenDA is the first AVS to launch on top of EigenLayer infrastructure. EigenDA supports Rollups extremely large-scale data availability, with a target write throughput of 10 MB/s at launch. EigenDAs adoption of erasure coding, KZG commitment, ACeD and other technologies, as well as the decoupling of DA and consensus, enable EigenDA to provide excellent performance far exceeding the Ethereum DA solution in terms of transaction throughput, node load and DA cost.

When the third phase of the EigenLayer mainnet is launched, more AVS will be launched to enrich the EigenLayer ecosystem.

Why is DVT needed?

When it comes to AVS, we have to talk about DVT technology. DVT (Distributed Validator Technology) refers to a technology that allows Ethereums proof-of-stake validators to run on multiple nodes at the same time. It can implement a trusted network for Staking infrastructure to ensure that the blockchain Security and decentralization of the network.

Using DVT, staking pools can switch to a decentralized model, reducing penalties and cuts by reducing downtime. Through DVT, infrastructure providers can enable active-active cluster redundancy to achieve dynamic deployment and configuration. Previously, in order to accommodate individual or institutional staking, infrastructure providers were required to provide redundant solutions for institutions in an active-passive configuration. Now, active-active redundancy can create fault tolerance by spreading validators across multiple machines with the goal of ensuring that redundant systems can always operate.

Currently, there are two main projects, Obol Network and SSV Network, developing based on DVT technology. On January 4, EigenLayer announced the establishment of cooperation with SSV Network to complement each other and pledge. It claims that a mainnet EigenLayer validator is running on SSV. At the same time, both EigenLayer and the stakers can choose to transfer the responsibilities of the validator to SSV and maintain the re-staking status of ETH on EigenLayer to obtain additional income from the SSV incentive main network.

As EigenLayer becomes more popular in the market, the token price of SSV Network also rises during this period. As of writing, the price of SSV is $45.19, with a monthly increase of 43.8%. On March 13, SSV broke through $50, setting a new all-time high.

Currently, SSV Network has funded multiple projects to apply DVT, and in the future it will continue to work on building the building blocks of applications using decentralized Ethereum staking infrastructure. After EigenLayer launches the main network for operators, more AVS will join, and with DVT technology, the staking track will still have a lot of room for growth in the future.