The Block Crypto News9 minutes ago

Published on April 15, 2024 19:27 GMT+00:00edited on April 15, 2024 19:31 GMT+00:00

Staking on Ethereum has become all the rage recently with the recent popularization of restaking, which we talked about a bit last week.

• In a fun update, EigenLayer did launch on the Ethereum mainnet last week along with its EigenDA data availability layer. Coinbase Cloud and Google Cloud are among the protocol’s first operators, and it announced six actively validated services that will be secured through EigenLayer’s restaking on Friday.
• This launch opens up restakers on the platform to actually start earning additional yield on their staked ETH, which previously they were not. For the most part, people were depositing early into the protocol in anticipation of the higher yield and for speculation of an airdrop as EigenLayer dealt out restaking points.
• …