Ethos works with liquid restaking protocols to secure Cosmos chains via EigenLayer | Headlines | News | CoinMarketCap
03/22/2024 23:26
Ethos, a blockchain project under development as a "validated service" on EigenLayer, is working with various liquid restaking protocols to allocate …
Ethos, a blockchain project under development as a "validated service" on EigenLayer, is working with various liquid restaking protocols to allocate ether stakes for the security of Cosmos chains, accumulating commitments of $4 billion.
Protocols such as EtherFi, Puffer, Renzo, Swell and Kelp have committed to allocating ether under their control to Ethos via EigenLayer — showcasing an early use case for the EigenLayer ecosystem's development.
As one of the initial actively validated services on EigenLayer, Ethos will leverage re-staking and validation via EigenLayer to secure Cosmos ecosystem chains using existing ether stakes.
Ethos's launch is scheduled to coincide with the EigenLayer mainnet launch, which is expected in the second quarter of this year and is currently in the …