Coin overview
EIGEN
Ended--
Last price (USDT)
171.76K
24h total (USDT)
739.77K
Total vol (USDT)
2024-04-30 09:00:00 ~ 2024-10-01 03:30:00
Trading time (UTC+0)
2024-10-01 09:00:00
Delivery time (UTC+0)
Total supply1.73B
Resources
Introduction
EigenLayer is a protocol built on Ethereum that introduces re-staking, allowing users who have staked $ETH to join the EigenLayer smart contract to re-stake their $ETH and extend cryptoeconomic security to other applications on the network. As a platform, EigenLayer, on one hand, raises assets from LSD asset holders, and on the other hand, uses the raised LSD assets as collateral to provide middleware, side chains, and rollups with AVS (Active Verification Service) needs. The convenient and low-cost AVS service itself provides demand matching services between LSD providers and AVS demanders, while a specialized pledge service provider is responsible for specific pledge security services. EIGEN total supply: 1.67 billion tokens
Aethir and Pendle Form Partnership to Launch eATH Pool
Odaily Planet Daily reports that decentralized cloud computing platform Aethir has announced a partnership with DeFi yield protocol Pendle. Through this collaboration, Aethir’s liquid staking token eATH (EigenATH) will be introduced into Pendle’s yield trading ecosystem. eATH is linked to the EigenCloud (formerly EigenLayer) ATH Vault, providing Aethir stakers with DeFi options and yield generation strategies. Additionally, GPU-based DePIN staking will be integrated into Pendle’s DeFi framework, offering modular infrastructure yields to restaking DeFi users. This marks the first time GPU-driven DePIN is being integrated with Pendle, signifying the official entry of Aethir’s staked assets into the modular DeFi yield ecosystem.
From Compound to Restaking: The Calvin Liu Story
Calvin Liu helped design Compound’s core systems and later led Ethereum restaking strategy at EigenLayer. He avoids hype, backing early-stage crypto projects that focus on long-term infrastructure and governance models. When it comes to early names shaping the DeFi ecosystem, Calvin Liu’s name rarely gets mentioned as prominently as the founding fathers. But if you dig deeper, he’s actually one of those who got in before the hype hit. He didn’t start his crypto career with a bang, but rather with consistency—and a little curiosity that paid off handsomely. A Cornell University graduate with a background in economics and philosophy, Calvin had a bit of a career in traditional finance. He worked at investment firms like Houlihan Lokey and worked in financial regulation. But in 2013, something caught his eye— Bitcoin . Over time, he began investing, writing, and eventually diving into emerging blockchain projects. Calvin Liu: From Building DeFi Tools to Reinventing Blockchain Trust His first serious foray into crypto came when he joined Compound as head of strategy. Back then, Compound wasn’t what it is today. Not many people believed in the concept of “banking on Ethereum.” But Calvin saw an opening. He co-led the launch of cTokens and designed the COMP token governance—which would later become the blueprint for many other protocols. He explained in one of the public sessions that the concept of Compound is about opening loans and interest transparently—without banks, without tellers. On the other hand, his journey in Compound is not just about technology. He is also involved in building a community, having dialogues with users, and even answering random questions on Reddit and Telegram . People may see DeFi from a technical perspective, but Calvin realizes that building trust is more difficult than writing smart contracts. Furthermore, after leaving Compound, Calvin did not immediately leave the blockchain world. He joined as Chief Strategy Officer at EigenLayer , a project that is now one of the main pillars in the Ethereum restaking world. This is where things get even more interesting. Restaking may sound complicated, but if you imagine it as an additional security system for blockchain, then Calvin’s role is similar to the architect of the fence around the big house called Ethereum . Through EigenLayer, he helps organize how validators can “re-lend” their stakes to protect other applications. And yes, the amount of funds locked in it has now reached tens of billions of dollars. Staying Grounded While Betting on the Long Game But Calvin is not just about work. He is also an active angel investor through Divergence Ventures, backing many early-stage projects that he believes have disruptive potential—whether it’s blockchain infrastructure, DeFi , or market prediction projects. One of his unique habits is to avoid hype. In one interview, he once said that it’s the projects that “seem boring” that are the most important—because that’s where the foundation is built. If asked what keeps him in this industry, perhaps it’s not the money, nor the popularity. He’s more interested in the “long game”—where the protocol can regulate itself, and the community is at the center of decisions. It’s a bit like the open-source philosophy: anyone can enter, but only the consistent survive. However, not everything went smoothly. The crypto world is full of turmoil, and some of the projects he backed didn’t always end up happy. But perhaps that’s where the important lesson lies. Calvin is not the type to stick to one project. He sees blockchain as a living ecosystem that is constantly changing. So instead of just chasing the “trending” projects, he chose to build the foundation—slowly but surely. Today, he still actively speaks on various forums, podcasts, and community sessions. Sometimes discussing the technicalities of staking, sometimes explaining governance, sometimes just pondering how crucial system design is in a world without central banks. Amid it all, one thing that Calvin Liu has consistently done is stick to his original vision: to create an open financial system that is accessible to anyone, without permission. And like many good things, it hasn’t been an instant journey—but it’s slowly shaping the future.
EigenLayer Teams with Sentient to Build Verifiable AI for DAOs
EigenLayer and Sentient are building verifiable AI to automate DAO decisions while maintaining community transparency and trust. EigenCloud enables secure off-chain services, backed by staking, with support from a16z to expand developer adoption. What if important decisions in a DAO could be assisted by artificial intelligence that is not only smart, but also has proven how it works? That is what EigenLayer and Sentient are trying to realize. Through a newly announced research collaboration, they are building a system based on verifiable AI—AI that not only makes decisions, but also shows the logic behind its decisions, transparently and publicly verifiable. Interestingly, this is not just an idea that just stopped by on paper. A few days ago, EigenLayer launched a new platform called EigenCloud, as the technical foundation of this system. This platform unites various services that have been separated so far: from data availability, conflict resolution, to a trusted computing layer. With EigenCloud, off-chain applications can run more smoothly because everything is guaranteed by EigenLayer’s own security mechanisms—including staking and slashing that are designed to maintain honesty. https://t.co/MQEZ9ylVXF — EigenCloud (@eigenlayer) June 20, 2025 Judge Dobby, the Digital Mediator In early testing, Sentient and EigenLayer have introduced an AI prototype called Judge Dobby. What does it do? Becoming a “digital arbiter” in DAO governance, especially when it comes to assessing proposals or distributing community funds. Imagine you have a community of hundreds of people who have to choose who deserves a grant. Instead of making a long and lobbying-prone vote, Judge Dobby can evaluate all the data and community rules—and then make a decision that can be traced logically. Furthermore, this system is also designed so that it cannot run on its own. Every decision must be traceable, verifiable, and if necessary—refutable. So, even though AI is making the decision, humans can still monitor and correct it if necessary. This concept is perfect for DAOs that want to be agile but still fair. Not only that, this step also makes business sense. The famous venture capital firm Andreessen Horowitz, aka a16z, has just increased their investment in EigenLayer by purchasing EIGEN tokens worth $70 million. This complements their previous funding which has reached $100 million. The fund will be used to drive adoption of the EigenCloud platform, including services like EigenDA, EigenVerify, and EigenCompute that are ready to be offered to more developers. EigenLayer Shows Strength Despite Market Pressure On the other hand, although the news of the collaboration with Sentient and the injection of funds from a16z sounds promising, the price of the EIGEN token has actually moved back slightly. At the time of writing, EIGEN is trading around $1.03 after dropping around 1.7% in the last 24 hours. This could be just the effect of the general crypto market conditions which are not enthusiastic. However, the fact that EigenLayer is now the largest restaking protocol on the Ethereum network—with a total locked fund of over $12 billion—proves that EigenLayer is the real deal. Especially with strong support from the community and modular infrastructure like EigenCloud, the path to mass adoption seems increasingly open.
Auto-Compounding Comes to uniETH Restaking Rewards: What It Means for Your ETH Yield
TL;DR: If you're holding uniETH, you automatically earn more. Weekly restaking rewards are now converted into ETH and reflected in the token's value. No action needed. No points to track. Just more ETH, every week. A Simpler Way to Earn More from Your uniETH If you’re holding uniETH, Bedrock’s liquid restaking token for Ethereum, there’s good news: auto-compounding is now live. Starting May 16, 2025, all uniETH holders will begin receiving enhanced restaking rewards automatically, without needing to claim, stake, or track anything manually. Here’s what’s changing, how it works, and what it means for your yield. What is Auto-Compounding for uniETH? Auto-compounding means your staking rewards are reinvested back into the system, growing your position over time without any manual steps. With this upgrade, all rewards from EigenLayer’s Programmatic Incentives are now swapped to ETH and routed back into the uniETH protocol. The result: every uniETH token gradually becomes worth more ETH. You won’t see a higher token balance. Instead, you’ll see the uniETH:ETH exchange rate rise faster, reflecting your accumulating rewards. With This Change, Yield Is Built Into the Token With this change, value accrual no longer relies on manual claims or point-based tracking. Instead, it’s now reflected directly in the token’s exchange rate — programatically updated on-chain each week and equally applied to all holders. It’s a structural shift that brings rewards closer to the core asset and eliminates the need for complex backend calculations. Weekly Rewards. No Claiming. No Guesswork. The first distribution under this new system took place on May 16, 2025. From now on, rewards are distributed weekly, providing a steady rhythm that benefits holders in two key ways: It reduces volatility in the exchange rate by smoothing out large reward injections. It provides transparency and predictability — holders know exactly when and how their rewards are reflected. This cadence also aligns better with the protocol’s internal accounting and keeps the system fair for everyone, regardless of when they entered. No More EigenLayer Points. No Manual Tracking. Before this upgrade, Bedrock relied on EigenLayer’s points system to track and distribute rewards. This system was difficult to follow, and reward calculation required off-chain logic and manual oversight. That’s now gone. With auto-compounding, rewards are distributed purely at the smart contract level, directly and proportionally based on the amount of uniETH you hold. There are no points to game or manage — just a token that grows in value over time. Real Numbers: The First Distribution On May 16, the protocol executed the first auto-compound rewards distribution: Exchange ratio (uniETH:ETH): increased from 1.09656 to 1.09675 Estimated APY: ranged from 3.37% to 3.58% This means that for every 1 uniETH you held before the distribution , it’s now worth slightly more ETH, with no action needed on your part. These rates will naturally vary over time depending on market dynamics, validator performance, and Eigen incentives. Bedrock continuously monitors the EIGEN:ETH swap ratio to optimize returns for the protocol. Why It Matters for Holders For passive holders, this update offers three major benefits: No maintenance: You don’t have to claim or reinvest rewards manually. No complexity: You no longer need to track EigenLayer points or estimate off-chain yields. Fair and transparent: All yield is embedded into the token’s value and updated weekly on-chain. It also strengthens uniETH’s position as a capital-efficient, yield-bearing token in the broader Ethereum restaking ecosystem. Ready to benefit? Try now! About Bedrock Bedrock is the first multi-asset liquid restaking protocol, pioneering Bitcoin staking with uniBTC. As the leading BTC liquid staking token, uniBTC enables holders to earn rewards while maintaining liquidity, unlocking new yield opportunities in Bitcoin’s $1T market. With a cutting-edge approach to BTCFi 2.0, Bedrock is redefining Bitcoin’s role in DeFi while integrating ETH and DePIN assets into a unified PoSL framework. Official Links Website | App | Documentation | Blog | X (Twitter) | Discord | Telegram
EigenCloud Launched by Eigen Labs with $70M Backing
Key Points: Main event: EigenCloud’s launch backed by a16z’s $70M. A16z’s investment strengthens EigenCloud’s blockchain capabilities. EigenCloud boosts blockchain utility and engagement globally. EigenCloud Launched by Eigen Labs with $70M Backing Eigen Labs, spearheaded by Sreeram Kannan, has launched EigenCloud with financial backing of $70 million from Andreessen Horowitz (a16z). This significant development is set to enhance blockchain services and developer engagement worldwide, with a full rollout expected by 2025. EigenCloud’s launch marks an important milestone in blockchain services, reflecting institutional confidence and potentially increasing developer activity. Positive market reactions anticipate growth in uses for Ethereum-based protocols. “The platform aims to enable applications for traditional sectors, including medical records and AI, bridging Web2 and Web3.” – Sreeram Kannan, Founder, Eigen Labs EigenCloud’s introduction, supported by a16z’s $70 million investment , is overseen by Eigen Labs’ Founder, Sreeram Kannan. This initiative aims to transform and enhance the blockchain developer landscape on a global scale. Eigen Labs, pioneering advancements in blockchain technology, leverages a16z’s backing to accelerate EigenCloud’s rollout. This funding aligns institutional interests with the project’s growth, positioning EigenCloud to significantly impact the crypto economy. The launch affects diverse areas, including financial markets and blockchain protocols. The integration of EIGEN tokens with EigenCloud increases their utility, potentially influencing market dynamics and attracting increased attention from crypto developers. Financial implications include an anticipated rise in development activities and token circulation. With institutional backing, EigenCloud could redefine Ethereum’s use cases, impacting related tokens like EIGEN and ETH in the broader market. The launch sets a transformative path for blockchain services, paralleling impacts seen with other infrastructure projects like Chainlink. It indicates potential shifts in market engagement, staking dynamics, and token utility as EigenCloud integrates into existing structures.
Crypto Funding Surpasses $1,5 Billion in June as Circle IPOs
Crypto Funding Surges With Circle’s Billion-Dollar IPO Investments in cryptocurrency startups surpass $1,5 billion Circle and EigenLayer lead cryptocurrency investments in June The cryptocurrency venture capital sector saw significant growth in June, with investments surpassing the $1,5 billion mark as of June 20, according to data from DeFiLlama. The performance represents the highest monthly volume since March of this year, driven mainly by Circle’s IPO on the New York Stock Exchange. 🚀 Crypto funding hits a new high! Over $1.5 billion raised in June 💰, with Circle's IPO driving a major surge! 🏦 The blockchain space is on fire 🔥 #Crypto #Blockchain #CircleIPO #Funding #cryptonews #CryptoMarket #Investing pic.twitter.com/LAtiENBydd — Crypto News Hunters 🎯 (@CryptoNewsHntrs) June 20, 2025 The company behind the USDC stablecoin has raised approximately $1,1 billion by selling 34 million shares priced at around $31 each. That initial offering valued Circle at around $6,9 billion at the time of listing. Since then, the company’s shares have surged more than 500% to more than $200 per share, bringing its market capitalization to nearly $50 billion. Without this investment, the total funding recorded in June would have been less than US$400 million. Still, the numbers reinforce the renewed interest of investors in projects linked to crypto assets, reflecting an improvement in sentiment towards the market. In addition to Circle, other significant investments marked the month. EigenLayer, a protocol focused on reactivating assets on Ethereum, raised US$70 million in a round led by Andreessen Horowitz (a16z). The funds aim to accelerate the development of EigenCloud and expand its ecosystem. a16z also invested US$33 million in Yupp, a platform focused on free testing of artificial intelligence models. Hypernative, which specializes in crypto asset security, received an investment of US$40 million. Other notable investments include $30 million for crypto infrastructure company Turnkey, $22 million for stablecoin project Noah and $20 million for OneBalance, which seeks to simplify the user experience in the cryptocurrency sector. The significant increase in contributions reinforces the resumption of institutional appetite for innovation in the crypto sector, especially given a more optimistic perception regarding the evolution of decentralized technologies. Disclaimer: The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss. Tags: Circle IPO
Crypto VC funding: Crypto infra, AI stack up $159m in a shaky market
Crypto fundraising remained resilient from June 15 to June 21, with 18 projects securing a combined $159.5 million despite broader market volatility. The week was dominated by infrastructure and AI-focused ventures, with EigenLayer leading the pack through a $70 million round backed by a16z crypto—bringing its total funding to $234.5 million. Other notable raises included PrismaX, Sparkchain AI, Gradient Network, Ubyx, and Units Network, each attracting $10 million or more from prominent investors like Pantera, Lightspeed, Galaxy Digital, and Coinbase Ventures. The activity signals continued confidence in foundational crypto technologies and AI convergence, even as deal sizes concentrate around fewer, well-backed projects. Here’s a detailed examination of this week’s crypto funding activity, according to the website Crypto Fundraising : EigenLayer (EigenCloud, Eigen Labs) The digital assets arm of venture capital firm Andreessen Horowitz, a16z, deepened its investment in EigenLayer with a new $70 million token acquisition. The move coincides with the launch of the Ethereum restaking protocol’s developer platform, EigenCloud. It also builds on the $100 million investment a16z made in Eigen Labs’ Series B funding round in February 2024. EigenLayer ( EIGEN ) has raised $234.5 million so far. PrismaX PrismaX secured $11 million in a funding round led by a16z CSX, with participation from Builder Fund, Symbolic, Volt Capital, Virtuals Protocol, and several angel investors. The company officially launched during CSX’s Demo Day on June 3, showcasing its robotic intelligence platform, which aims to advance physical generative AI. Bayley Wang and Chyna Qu co-founded PrismaX, Which focuses on developing foundational models that combine robotics and decentralized technology to power next-gen physical AI systems. Sparkchain AI SparkChain AI raised $10.8 million in a strategic round led by OakStone Ventures to scale its decentralized AI compute network and prepare for its upcoming launch on Solana. The funding will support real-time AI optimization, infrastructure expansion, and key partnerships, positioning SparkChain as a core layer for Web3 and DePIN (Decentralized Physical Infrastructure) ecosystems. The raise reflects growing institutional interest in decentralized AI infrastructure, amid rising demand for alternatives to centralized cloud solutions and increased focus on edge computing, modular blockchains, and data sovereignty. Gradient Network Pantera Capital and Multicoin Capital led a $10 million seed round for Gradient Network. HSG and top-tier angel investors across AI and crypto provided additional backing. The startup is building decentralized AI infrastructure for open-source intelligence, aiming to drive transparency and innovation in the AI space. Gradient also unveiled a refreshed brand identity, reinforcing its commitment to decentralization, transparency, and its long-term vision for the future of AI. Announcing our $10M seed round led by @PanteraCapital and @multicoincap , with participation from @hsgcap , distinguished partners, and top angels across AI and crypto. This milestone fuels our mission to build the world’s first fully decentralized AI runtime.… pic.twitter.com/AMfVbHMk7t — Gradient Network (@Gradient_HQ) June 17, 2025 Ubyx Ubyx clinched $10 million in seed funds. Founded by Citi veteran Tony McLaughlin, the startup aims to be a unified distribution and redemption layer for multiple stablecoins, already partnering with Paxos, Ripple, Transfero, Monerium, and others. Galaxy Ventures led the effort with participation from Founders Fund, Coinbase Ventures, Paxos, Payoneer, and others, to build infrastructure for stablecoin clearing and bank account on/off-ramps—especially for corporates handling cross-border payments. The raise highlights growing investor confidence in stablecoin infrastructure, as Ubyx seeks to fill a gap left by major players like Circle and Tether, amid expectations of looser regulatory conditions post-election. Units Network Units Network collected $10 million in a round led by Nimbus Capital, signaling strong institutional confidence in the Waves Protocol and its potential to expand within the DeFi and interoperability sectors. The funding aims to accelerate DeFi infrastructure development, cross-chain interoperability, and AI-powered tools. The investment is expected to boost interest in the Waves ecosystem, potentially driving higher on-chain activity, increased token demand, and improved market sentiment around WAVES as institutional backing draws attention. 🚨 https://t.co/xbza47TsHk Raises $10M to Accelerate Ecosystem Growth! https://t.co/xbza47TsHk secures funding from Nimbus Capital, a global investor focused on cross-border blockchain deals with >USD $1.3 billion in AUM 🌍👉 https://t.co/q629egSQXJ The funding will activate👇… pic.twitter.com/PchjGTnlkS — Units.Network (@UnitsNetwork) June 19, 2025 Projects under $10 million XFX, $9.1 million Seed round Sahara Labs, $8.5 million in a Public sale with $600 million fully diluted valuation PublicAI, $8 million in a Series A round Project Eleven, $6 million in an Unknown round The Wildcard Alliance, $6 million in an Unknown round TAC, $5 million in a Strategic round Stackup, $4.2 million in a Seed round Uptopia, $4 million in a Pre-seed round Nook, $2.5 million in a Seed round BitVault, $2 million in a Pre-seed round Intuition, $900,000 in a Public sale Bombie, $300,000 in a Public sale with $80 million fully diluted valuation
Crypto funding soars past $1.5 billion in June with Circle IPO boost
Venture capital activity in the crypto space has seen a significant rebound this month, with total investments crossing $1.5 billion by June 20, according to DeFiLlama data. This marks the strongest monthly performance since March 2025 and signals growing confidence in blockchain startups after a quieter second quarter. The raised funds are more than double the $624 million recorded in May, making June the second-highest month for funding in 2025. Crypto Projects Funding in 2025 (Source: DeFiLlama) However, the final tally could go even higher before the end of the month. Circle’s IPO leads crypto funding surge A large share of this month’s capital inflow comes from Circle’s high-profile public listing. The USDC stablecoin issuer launched on the New York Stock Exchange on June 5, selling 34 million shares at around $31 each. The offering brought in close to $1.1 billion, valuing the company at roughly $6.9 billion at the time of listing. Since going public, Circle’s stock has significantly climbed by more than 500% to an all-time high above $200. The rally has also helped propel the stablecoin issuer’s valuation to nearly $50 billion. Without Circle’s IPO, the total raised in June would have hovered around $400 million. However, the broader wave of funding underlines a growing appetite among investors to back crypto innovations amid improving sentiment in the digital asset space. For context, EigenLayer secured the second-largest funding round of the month. The Ethereum restaking protocol attracted $70 million from Andreessen Horowitz (a16z), supporting the launch of EigenCloud and ecosystem growth. The venture capital firm a16z also led a $33 million investment in Yupp, a platform helping users discover and test AI models for free. Meanwhile, other significant funding rounds the industry recorded this month include a $40 million raise for security firm Hypernative, $30 million for crypto infrastructure provider Turnkey, $22 million for stablecoin project Noah, and $20 million for OneBalance, a platform focused on simplifying crypto’s fragmented user experience. The post Crypto funding soars past $1.5 billion in June with Circle IPO boost appeared first on CryptoSlate.
Seamless Protocol launches plug and play Leverage Tokens as ERC-20 assets on Base
Key Takeaways Seamless introduces Leverage Tokens, converting complex DeFi strategies into tradable ERC-20 assets with automated rebalancing. The protocol supports over 250,000 wallets and has more than $100 million in total value locked. Seamless Protocol launched Leverage Tokens on Base today, introducing automated DeFi strategies packaged as ERC-20 assets that combine collateral, lending, swaps, and rebalancing functions into a single token. The protocol, which debuted in 2023 as Base’s first native lending and borrowing platform, currently supports over 250,000 wallets and maintains more than $100 million in total value locked (TVL). In early 2025, Seamless transitioned to Morpho’s permissionless lending infrastructure. The new Leverage Tokens build upon the protocol’s Integrated Liquidity Markets (ILMs), which launched in 2024 and attracted over 6,500 users. At launch, the first Leverage Token debuting on Seamless is a 17x yield loop built on Ether Fi’s weETH/ETH staking pair. By simply holding the token, users gain exposure to amplified ETH staking rewards while earning ecosystem points from Ether Fi and Eigenlayer. There’s no need to manage the underlying loop, no borrowing, swapping, or manual rebalancing. The entire strategy is embedded in the token’s logic and maintained on-chain by Seamless’s leverage engine. The tokens utilize a modular system comprising Collateral Adapters, Lending Adapters, and Rebalance Adapters to manage assets, connect to capital sources, and automate leverage adjustments. As standard ERC-20 tokens, they can be traded, used as collateral, or integrated with other DeFi protocols on Base. Seamless plans to expand its token offerings to include long and short blue chip exposure, delta-neutral yield farming, meme coin loops, and meta-strategies combining multiple primitives. The protocol will also implement a DAO-governed fee switch that directs token revenue to stkSEAM holders. In traditional markets, leveraged ETFs hit $130 billion in assets under management by mid-2023. Seamless sees Leverage Tokens as a decentralized evolution of that model, but without the institutional gatekeeping, opaque risk, or limited integrations. Disclosure: Some investors in Crypto Briefing are also investors in Seamless Protocol.
Key Market Intelligence on June 19th, how much did you miss out on?
Featured News 1. JD.com: Expects to Obtain License in Early Q4 This Year and Launch JD Stablecoin Based on Public Chain 2. Circle's Circulating Shares Account for Less Than 18% of Total Shares, with a Circulating Market Cap of Approximately $7.253 Billion 3. Polymarket: Probability That "Market Cap Will Exceed $4 Billion Within One Day of Pump.fun TGE" is 68% 4. Pro Hackers Group "Loot Sparrow" Publicly Discloses Iran's CEX Nobitex Source Code and Other Internal Information 5. Binance to List Matchain (MAT), with at Least 243 Points for Users to Claim Airdrops Trending Topics Source: Overheard on CT (tg: @overheardonct), Kaito HANA: Today, discussions around HANAHANA mainly focus on its participation in the Kaito Earn program and its listing on the Yapper leaderboard, where 1.5% of the token supply is used for reward distribution. HANAHANA is referred to as a "super-casual financial app" and dubbed the "crypto version of TikTok." It was incubated by Binance Labs and supported by HyperliquidX. The early bird sale for its TGE is currently open, featuring a 0% cliff (no lock-up period) and no vesting period, with a fully diluted valuation of $4 billion. The community shows strong interest in HANAHANA's potential to combine entertainment with crypto and its strategic partnerships with several well-known investment firms. ref0 ref1 ref2 ref3 ref4 ref5 ref6 EIGENLAYER: EigenLayer is today widely recognized for the launch of the EigenCloud platform. EigenCloud is a verifiable cloud platform that combines large-scale programmability with blockchain-level trust guarantees, seen as a significant step towards enabling developers to build complex applications with encryption-level verification capabilities, expanding the application boundaries of blockchain technology. a16z's $70 million investment announcement further highlights its profound potential impact in the crypto ecosystem. ref0 ref1 ref2 ref3 ref4 APT: APT is today generating buzz due to several major developments. South Korea's major exchange Upbit announced support for USDT on the Aptos Network, expected to boost liquidity and adoption in the Korean market. Additionally, Aptos Labs launched a network upgrade called "Baby Raptr," reducing latency and improving performance; simultaneously, Greg Nazario was appointed as Aptos Labs' Developer Relations Lead, reflecting its ongoing strategic focus on community building and innovation. These developments, along with the expansion and partnerships within the Aptos ecosystem, have fueled increasing interest and positive market sentiment. ref0 ref1 ref2 ref3 ref4 ref5 ref6 NANSEN: Nansen has officially launched its first season Points Program (Season 01), becoming the focal point of discussions today. This program encourages users to engage with the Nansen ecosystem through subscriptions, staking, invitations, and more to earn opportunities for future airdrops and exclusive rewards, including discounts and trial rights on partner platforms. This initiative has sparked widespread community interest, with numerous tweets emphasizing the attractiveness of the program and Nansen's strategic collaborations in enhancing user engagement. Featured Articles 1.《Exclusive Interview with Infini Co-founder County Main: Why Did We Shut Down the U Card Business?》 Once highly anticipated in the crypto card industry, cards are increasingly being labeled as "difficult" and "not worthwhile." Compliance barriers, cross-border settlements, risk controls... issues that sound like they should belong to traditional financial institutions have become the reality that Web3 entrepreneurs must face head-on. Between resource investment and business returns, Infini ultimately chose to press the termination button on this business. What exactly happened behind the scenes? What were the specific challenges of the U card business in execution? Why is compliance cost so high? With these questions in mind, BlockBeats interviewed Christine, Infini's co-founder, to reveal the full picture of this business adjustment through the firsthand account of an operator. 2. "Web3 KOL Marketing Evolution: From Grassroots to Platform, Which is More Effective?" My research goal is to uncover how these institutions operate and who is on their core KOL list. · What are the criteria for selecting KOLs? · How large is their user base? · How do they assess audience quality? · How do tools like Kaito and Cookie DAO reshape the KOL game in Web3? On-chain Data On-chain Fund Flows on June 19th
a16z Leads $70 Million Funding Round: What Core Problem Does EigenCloud Solve?
原文作者：Viktor Bunin，Coinbase 协议专家 原文编译：xiaozou，金色财经 祝贺 EigenLayer 团队正式推出 EigenCloud！从多方面来看，这堪称是链上与链下计算范式完美融合的圣杯。本文将具体研究其核心要义，让我们一探究竟。 1、核心问题：加密世界可验证却未实现完全可编程 区块链的核心能力在于验证并确保计算正确性，但该能力仅适用于链上信息。一旦涉及链下数据，信任模型即告失效，必须依赖预言机将极其有限的信息上链。这种模式虽能支撑稳定币、DeFi、NFT 等部分应用，但在需要对接现实世界的复杂场景中就会捉襟见肘——这些场景往往需要调用标准库、发起 API 请求等典型的「Web2」开发操作。 2、解决方案：构建可验证云提升加密可编程性 EigenCloud 允许开发者将丰富的应用逻辑迁移至可验证的链下容器，仅在链上保留最基础的共识强制逻辑，而将前端等无需验证的基础设施留在现有公有云中。代币逻辑始终驻留链上，应用逻辑则主要转移至链下（同时保持可验证性）。 3、EigenCloud 应用场景及价值示例 可信 API 调用 -- 针对孤岛化 Web2 数据的 API 请求现在能直接触发链上代币逻辑。用户可证明其私有登录信息中的任何 Web2 数据特征，从而打破 Web2 数据孤岛，实现用户向区块链的无缝迁移。 自主 AI 代理 -- 依托区块链原生产权特性与 EigenCloud 的可编程能力，完全链上 AI 代理不再需要人类授权即可行动：它们可持有资产、缔结合约、承担债务甚至创建 DAO。 企业合规保障 -- 将熟悉的云工具与区块链级审计追踪相结合，为企业提供可验证合规与结算的低摩擦路径。 4、EigenVerify 与 EigenCompute 于 2025 年上线支持 EigenCloud EigenVerify 确保计算过程正确性验证，EigenCompute 则将整个 EigenLayer 生态封装为开发者友好型工具包。 5、协同运作机制逐步解析 容器化部署至 EigenCompute：开发者创建容纳应用逻辑的容器，用于扩展任意区块链的代币逻辑。该容器随后部署至 EigenCompute，该平台能简化合适质押者与运营节点的匹配流程。 EigenLayer 保障计算安全：计算任务由 EigenLayer 运营节点集执行，并通过质押者专门为此应用分配的部分安全资本获得保障。附有签名证书的运算结果将传递至目标区块链。链上合约可选择立即调用这些具备独特经济安全性的结果，或等待挑战期结束后获取更高安全性（类似 optimistic rollups）。 EigenDA 实现数据可用性：计算数据记录至数据可用性层（DA），任何观察节点均可通过 EigenDA 独立验证计算过程。 EigenVerify 挑战验证：若发起挑战，原始计算将通过 EigenVerify 服务进行验证——该服务专为验证目的重新执行计算。若初始节点组被判定为不良节点，其质押资产将被罚没（slash）并分配给应用方。 代币分叉保障 EigenDA 与 EigenVerify：若保障 EigenDA 或 EigenVerify 的大部分 EIGEN 质押者行为不良导致流程污染，EIGEN 代币将触发分叉。此举将罚没不良质押者与运营节点的质押资产，确保系统完整性而无需单纯依赖多数委员会的可信度。任何人通过销毁特定比例的原生 EIGEN 代币均可发起分叉，并获得更大量分叉后 EIGEN 代币作为奖励，由此确保存在充足的分叉触发激励。 应用 / 链分叉增强安全性：基于 EigenCloud 构建的应用、服务或链可选择预先承诺并与 EIGEN 代币同步分叉。这确保在正确分叉链上，应用与服务结果始终保持完整状态。 6、结语 需要特别强调的是，这并非全新概念。诸多项目曾为其应用尝试过不同版本的类似方案，但均未获普及，究其根本是用户仍需对应用开发者保持绝对信任。EigenCloud 是首个以服务形式提供该功能的尝试，目前已有超 120 亿美元质押资本为协议提供安全保障。 当下比任何时候都更需要可验证计算：它将推动全球资产上链，并向用户、监管机构及合作伙伴提供不可篡改的保证。再次祝贺 EigenLayer 团队发布此项成果，期待主网上线！ 原文链接
Eigen Labs Unveils Revolutionary EigenCloud Backed by a16z Crypto
In a move set to significantly impact the landscape of decentralized computing, Eigen Labs has officially unveiled EigenCloud. This groundbreaking platform is built upon the foundation of the Ethereum restaking protocol, aiming to bridge the gap between traditional Web2 infrastructure and the burgeoning world of Web3 applications by offering a novel paradigm of verifiable trust. The launch arrives with substantial momentum, highlighted by a reported $70 million token purchase from prominent venture capital firm, a16z crypto. What is EigenCloud and How Does Ethereum Restaking Power It? At its core, EigenCloud represents Eigen Labs’ vision for a decentralized, trust-minimized cloud computing environment. Unlike traditional cloud services where trust is centralized with the provider, EigenCloud leverages the security and decentralization of the Ethereum network through the innovative mechanism of restaking. Ethereum restaking, pioneered by EigenLayer (the underlying protocol developed by Eigen Labs), allows users who have staked ETH on the Ethereum Beacon Chain to ‘restake’ their staked ETH or liquid staking tokens to simultaneously secure other decentralized services built on top of Ethereum. These services, known as Actively Validated Services (AVSs), can include decentralized oracles, bridges, sequencers for rollups, and now, cloud-like services offered by EigenCloud. By restaking, validators extend Ethereum’s cryptoeconomic security to these AVSs. If a restaking validator acts maliciously or fails to perform its duties for an AVS, its staked ETH can be subject to ‘slashing’ – a penalty that reduces their staked amount. This creates a strong economic incentive for validators to behave honestly and reliably across multiple services, inheriting Ethereum’s robust security guarantees. EigenCloud is essentially an AVS itself, or perhaps a platform *hosting* multiple AVS components. It aims to provide a suite of decentralized services necessary for building and running complex Web3 applications and even enhancing Web2 services with verifiable properties. Why is Verifiable Trust Crucial for Web2 and Web3 Applications? The concept of ‘verifiable trust’ is central to the promise of EigenCloud. In traditional Web2 systems, users and applications rely on trusting centralized entities – cloud providers, data centers, certificate authorities, etc. While often reliable, this trust is based on reputation and audits, not cryptographic or economic proof inherent in the system itself. For Web3 applications, which are fundamentally designed to minimize reliance on central authorities, verifiable trust is paramount. It means that the correct execution of code, the integrity of data, and the outcome of computations can be cryptographically verified by anyone, without needing to trust a single provider. This is essential for applications dealing with sensitive data, financial transactions, identity, or complex logic where transparency and provable correctness are non-negotiable. EigenCloud seeks to bring this level of verifiable trust to a broader range of computing tasks. Imagine a decentralized AI model inference service: EigenCloud could potentially use restaking to ensure that the computation was performed correctly and the result is verifiable on-chain or through cryptoeconomic guarantees. Or consider a supply chain application: data integrity and computation regarding product provenance could be verifiably secured. How Does EigenCloud Integrate Key Decentralized Components? According to reports, EigenCloud integrates several critical components to deliver its verifiable trust capabilities: Data Availability: Ensuring that data required for computation or verification is accessible and available to all participants. This prevents scenarios where data is hidden or censored, which could compromise trust. Compute: Providing decentralized or verifiable computation environments where tasks can be executed and their correctness potentially attested to using cryptoeconomic security. Dispute Resolution: Establishing a clear and economically secured process for resolving disagreements or identifying malicious behavior among participating nodes or services, leveraging the restaking mechanism for slashing penalties. By combining these elements, EigenCloud aims to offer a more robust and trustworthy infrastructure layer for developers building the next generation of decentralized applications, whether they are purely Web3 or hybrid Web2/Web3 systems looking to incorporate verifiable components. The Significance of a16z Crypto’s Investment in Eigen Labs The reported $70 million token purchase by a16z crypto is a major validation for Eigen Labs and the EigenLayer restaking ecosystem. Andreessen Horowitz’s crypto fund is one of the most influential and well-capitalized investors in the blockchain space. Their backing signals strong confidence in Eigen Labs’ technology, team, and the potential market demand for services like EigenCloud. Such a significant investment provides Eigen Labs with substantial resources to accelerate development, expand its team, and foster the growth of the EigenLayer ecosystem and the nascent EigenCloud platform. It also sends a powerful message to the market, potentially attracting more developers, validators, and users to build on or utilize EigenLayer and its AVSs. For a16z crypto, this investment aligns with their thesis of supporting foundational infrastructure that enables the broader adoption and scaling of Web3 applications. They are betting on EigenLayer’s restaking mechanism becoming a crucial middleware layer for decentralized services on Ethereum. What Benefits Does EigenCloud Promise for Developers and Businesses? For developers and businesses looking to build or enhance applications with decentralized properties, EigenCloud offers several compelling potential benefits: Enhanced Trust & Security: Leverage Ethereum’s cryptoeconomic security via restaking to provide verifiable guarantees for critical application logic or data. Reduced Operational Overhead: Potentially abstract away some complexities of building and managing decentralized infrastructure by offering ready-made, verifiable components. New Use Cases: Enable entirely new categories of Web3 applications that require decentralized computation, verifiable data, or robust dispute resolution beyond simple smart contract execution. Cost Efficiency: Restaking can potentially make securing multiple AVSs more capital-efficient than establishing independent trust networks for each service. Interoperability: Facilitate interactions between different decentralized services and potentially bridge aspects of Web2 infrastructure with Web3 verifiable properties. These benefits aim to lower the barrier to entry for creating sophisticated decentralized systems and encourage innovation across various sectors, from DeFi and gaming to enterprise solutions requiring enhanced transparency and security. Potential Challenges and the Road Ahead for EigenCloud While the launch is exciting, the path forward for EigenCloud and the broader EigenLayer ecosystem isn’t without challenges. Key considerations include: Slashing Risks: The complexity of managing slashing risks across multiple AVSs for restaking validators is significant. Ecosystem Development: Success depends on attracting developers to build AVSs and utilize EigenCloud services. Security Audits: As a foundational layer, rigorous security audits are paramount. Economic Modeling: Fine-tuning the economic incentives and security models for restaking and AVSs is an ongoing process. Despite these challenges, the launch of EigenCloud marks a pivotal step for Eigen Labs. It demonstrates the practical application of the EigenLayer protocol beyond just securing bridges or oracles, extending into more general-purpose decentralized computing. The backing from a16z crypto provides a strong tailwind for navigating these challenges and accelerating adoption. Conclusion: A New Era for Verifiable Computing? The introduction of EigenCloud by Eigen Labs, significantly bolstered by the support of a16z crypto, represents a bold step towards realizing the full potential of Ethereum restaking. By integrating essential components like data availability, compute, and dispute resolution, EigenCloud is positioned to offer a robust platform for building Web3 applications and bringing verifiable trust to aspects of Web2. While challenges remain, the vision of a decentralized cloud-like environment secured by the collective stake of the Ethereum network is compelling and could pave the way for a new era of verifiable computing, fostering greater innovation and trust in the digital realm. To learn more about the latest Ethereum restaking trends and Web3 applications, explore our articles on key developments shaping the crypto innovation landscape. Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
a16z Partners: An additional $70 million has been invested in EIGEN tokens with a lock-up period
a16z General Partner Ali Yahya posted on X, saying: "I am pleased to announce that we have made an additional investment of $70 million in EigenLayer token EIGEN, with a lock-up period. Over the past few years, the EigenLayer team has pioneered a new paradigm for building verifiable and trusted neutral applications."
Ethereum Restaking Protocol EigenCloud Secures $70 Million in Funding Led by a16z
Eigen Labs has announced the completion of a $70 million funding round for its Ethereum restaking protocol, EigenCloud, with a16z leading the investment. This platform aims to extend blockchain-level trust guarantees to any Web2 or Web3 application. The use of EigenCloud will generate new fee streams, thereby supporting staking rewards. Reportedly, the Alpha version of EigenCloud will be released in tandem with performance upgrades to EigenDA, achieving a throughput of 50MB per second on the Ethereum testnet. In addition, EigenCloud has launched a gated preview of EigenVerify, designed to adjudicate disputes in off-chain systems such as AI agents or prediction markets.
A16z backs EigenLayer’s EigenCloud rollout with $70 million EIGEN investment
EigenLayer has introduced a new platform called EigenCloud, designed to bring verifiability and transparency to both blockchain-native and traditional applications. The launch, announced on June 17 in a statement shared with CryptoSlate, introduces a unified system that leverages the power of EigenLayer’s ecosystem, including its native EIGEN token. Eigen Labs CEO Sreeram Kannan stated that EigenCloud represents a leap forward in blockchain programmability because it makes “virtually anything verifiable on-chain.” He added: “EigenCloud will enable the next generation of disruptive, mass-market crypto apps, closing the gap between what developers want to build onchain and what blockchains allow them to build…It opens up the opportunity for developers to build highly ambitious products like disintermediated digital marketplaces, onchain insurance, fully onchain games, automated adjudication, powerful prediction markets, and verifiable AI.” However, access to the platform is initially limited to a selected group of developers, with broader availability expected later in the year. EigenCloud According to the statement, the platform’s core innovation lies in transforming verifiability into a programmable service layer. It allows developers to create applications that can prove what occurred, why it happened, and confirm its accuracy, regardless of whether the data is on-chain or off-chain. To achieve this goal, EigenCloud merges all existing third-party Autonomous Verifiable Services (AVSs) with in-house developer primitives like EigenDA (for data availability), EigenVerify (for dispute resolution), and EigenCompute (for computation). Meanwhile, one of EigenCloud’s standout features is its ability to offer verifiable computation for off-chain processes, similar to what Layer 1 chains offer on-chain. This allows developers to build applications that rely on external data or computation without compromising integrity. In addition, the system is also designed with incentives in mind. EIGEN token holders can stake their assets to help secure applications and earn rewards for platform activity. This model creates a direct link between protocol participation and real-time utility. Andreessen Horowitz acquires $70 million EIGEN token Venture capital firm Andreessen Horowitz (a16z) has invested an additional $70 million in EIGEN tokens to support the rollout of EigenCloud and the broader EigenLayer ecosystem. This follows its $100 million Series B investment in Eigen Labs in 2024. The added capital will help accelerate developer adoption and scale the platform’s crypto economic incentives, particularly for EIGEN stakers, who can now earn yield by securing decentralized applications. Ali Yahya, general partner at a16z crypto, said the firm sees EigenLayer as a solution to blockchain’s long-standing limitations. He said: “EigenLayer is surmounting the technical bottlenecks of blockchains to enable a new category of applications built on verifiable solutions.” However, despite the growing institutional interest, the EIGEN token is experiencing a price dip. According to CryptoSlate’s data, the digital asset has dropped over 11% in the past 24 hours and nearly 30% in the past month. As of writing, EIGEN trades at roughly $1.15, down more than 80% from its December 2024 peak of $5.65. The post A16z backs EigenLayer’s EigenCloud rollout with $70 million EIGEN investment appeared first on CryptoSlate.
a16z crypto invests $70 million in direct EigenLayer token deal to back EigenCloud developer platform rollout
The blockchain-focused arm of Andreessen Horowitz, a16z crypto, has purchased an additional $70 million worth of EigenLayer's EIGEN tokens to help support the launch of the Ethereum restaking project's new developer platform, EigenCloud. a16z crypto previously led a $100 million Series B round for EigenLayer core developer Eigen Labs, announced in February 2024. Eigen Labs had earlier closed a $50 million Series A funding round in March 2023, led by Blockchain Capital, with participation from Coinbase Ventures, Polychain Capital, and other investors. "EigenLayer is surmounting the technical bottlenecks of blockchains to enable a new category of applications built on verifiable solutions," a16z crypto General Partner Ali Yahya said in a statement shared with The Block. "We are thrilled to expand our investment in the project." Launched on Tuesday after nearly a year of research and development, EigenCloud combines core services, such as EigenDA for data, EigenVerify for dispute resolution, and EigenCompute for execution into a unified, programmable environment. Built on EigenLayer and powered by the EIGEN token, the platform enables developers to build trustless web2 applications with blockchain-grade verifiability, the team explained. More specifically, EigenCloud uses EigenLayer's crypto-economic security to extend verifiability to sectors such as AI, healthcare, and media, allowing offchain computation with onchain trust guarantees. "EigenCloud will enable the next generation of disruptive, mass-market crypto apps, closing the gap between what developers want to build onchain and what blockchains allow them to build," Eigen Labs CEO Sreeram Kannan said. "EigenCloud expands the programmability of crypto and makes virtually anything verifiable onchain. It opens up the opportunity for developers to build highly ambitious products like disintermediated digital marketplaces, onchain insurance, fully onchain games, automated adjudication, powerful prediction markets, and verifiable AI." The EIGEN token powers EigenCloud's offchain programmability while ensuring full verifiability. Stakers may benefit from future usage-based fees that support staking rewards and ecosystem growth, the team said. "We're entering a new era where verifiability is becoming a foundational building block of the internet, and EigenCloud is a bold step in that direction," Joe Lubin, co-founder of Ethereum, CEO of Consensys, and Chairman of SharpLink, noted. "By bringing verifiability into the cloud-native developer experience, Sreeram and Eigen Labs have been best-in-class leaders in expanding what's possible on Ethereum and advancing the infrastructure for more trustworthy digital systems. At Consensys, we believe Ethereum is the foundation for the next-generation internet — and for a new world economy — one that is decentralized, programmable, and built for global trust. Eigen's work helps bring that vision closer to reality." Eigen Labs is releasing the alpha version of EigenCloud this week, including major upgrades to EigenDA and a preview of EigenVerify — which enables slashing via EIGEN token forkability. The team also shared a roadmap with new developer tools, expanded dispute options, and the upcoming EigenCompute primitive to simplify AVS deployment. Developer access will roll out in stages over the coming months. 'Unlocking crypto's endgame' EigenLayer lets users re-stake ETH, including through liquid staking tokens, to secure third-party networks and actively validated services. The project's shared security layer reallocates staked ETH across multiple services beyond Ethereum. "Bitcoin disrupted money, and Ethereum made it programmable for the first app developers, but we believe crypto is just getting started, and the next era of application innovation will come when crypto's verifiability is programmable for any developer building any application in any industry," the team said, describing this process as "unlocking crypto's endgame." With over 200 AVSs in development, EigenLayer claims to be crypto's fastest-growing developer ecosystem. These services secure $2 billion in application value using $12 billion in restaked assets and have collectively raised over $500 million to build rollups, oracles, offchain middleware, and AI verification tools — momentum EigenCloud aims to accelerate. EigenLayer has a total value locked of around $11.7 billion, according to DeFiLlama data — down from a peak of over $20 billion in June 2024. EIGEN tokens are currently trading for $1.16 at a market cap of $357.3 million and a fully diluted value of $2 billion, according to The Block's EigenLayer price page — down 79.5% from an all-time high of $5.65 in December. Last week, a16z crypto led a $33 million seed round for Yupp — a platform that enables users to compare answers from top AI models, including ChatGPT, Claude, Gemini, Grok, DeepSeek, and Llama, using onchain incentives.
a16z backs EigenLayer with $70m token buy amid EigenCloud launch
a16z crypto, the digital assets arm of venture capital firm Andreessen Horowitz, has deepened its investment in EigenLayer with a new $70 million token acquisition, coinciding with the launch of the Ethereum restaking protocol’s developer platform, EigenCloud. On June 17, 2025, Eigen Labs announced the official launch of EigenCloud, a unified cloud platform aimed at accelerating crypto’s app era. As the EigenLayer ( EIGEN ) community celebrated this major milestone, the Eigen Labs team revealed that a16z had acquired an additional $70 million worth of EIGEN tokens to support the rollout. This builds on the $100 million investment a16z made in Eigen Labs’ Series B funding round in February 2024. “EigenLayer is surmounting the technical bottlenecks of blockchains to enable a new category of applications built on verifiable solutions,” said Ali Yahya, general partner at a16z crypto. “We are thrilled to expand our investment in the project.” According to Eigen Labs, the latest token purchase will support commercialization efforts for EigenCloud’s new services. These include EigenVerify, a dispute resolution tool, and EigenCompute, a solution focused on execution. Both services are part of EigenCloud’s broader suite, which integrates with EigenLayer’s Autonomous Verifiable Services and EigenDA. The Eigen Labs team has been developing the EigenCloud solution for nearly a year. The platform is built on EigenLayer and powered by its native ecosystem token, EIGEN. “EigenCloud will enable the next generation of disruptive, mass-market crypto apps, closing the gap between what developers want to build onchain and what blockchains allow them to build,” said Sreeram Kannan, chief executive officer Eigen Labs. Billed as a “verifiability-as-a-service” platform, EigenCloud is set to dramatically expand what’s possible in crypto development. Its infrastructure makes “virtually anything verifiable onchain,” unlocking a wide range of use cases. Potential applications include disintermediated digital marketplaces, fully onchain games, onchain insurance, automated adjudication, AI agents, and prediction markets. EigenCloud apps leverage EIGEN stake for security, with generated fees going into staking rewards, product innovation or other ecosystem incentives.
Bitget Launches EIGEN On-chain Earn With 3.5~5% APR
Bitget Earn is thrilled to announce the launch of EIGEN On-chain Earn product, offering 3.5~5% APR. Subscribe now and boost your earnings! >>>Subscribe now<<< How to subscribe: Website: Navigation bar > Earn > On-chain Earn. To subscribe, simply search for the corresponding coin. App: Home > Earn > On-chain Earn. To subscribe, simply search for the corresponding coin. Terms and conditions: You can view and manage your subscriptions by navigating to Assets > Earn > On-chain Earn. Your subscription will start accruing interest at 12:00 AM (UTC+8) on the day after subscription (D+1). If the subscription is made after 12:00 AM (UTC+8), interest will begin accruing on the second day (D+2) Daily interest = interest accrual amount × daily APR ÷ 365 Redeem: Use the Express Redemption and Standard Redemption buttons to withdraw funds anytime after subscribing. If you have any questions, refer to Mastering Passive Profits with Bitget On-chain Earn: A Comprehensive Guide for more details. Disclaimer Cryptocurrencies are subject to high market risk and volatility despite high growth potential. Users are strongly advised to do their research as they invest at their own risk. Thank you for supporting Bitget! Join Bitget, the World's Leading Crypto Exchange and Web 3 Company Sign up on Bitget now >>> Follow us on Twitter >>> Join our Community >>>
EigenLayer Integrates AI Adjudicator Judge Dobby for Enhanced Protocol Governance
EigenLayer, the largest Ethereum restaking protocol with nearly $13 billion in total value locked (TVL), is taking a bold step into the world of artificial intelligence to refine its governance processes. Partnering with AI development platform Sentient, the protocol will integrate an AI adjudicator called *Judge Dobby*—a system designed to navigate the murky waters of subjective decision-making in decentralized governance. Governance in blockchain ecosystems is notoriously complex. Unlike straightforward tasks such as translation or classification, evaluating proposals often involves weighing ambiguous factors—like determining fair grant allocations or recognizing contributions in open-source projects. Traditional AI models struggle with such nuance, often failing to provide decisions that feel legitimate to stakeholders. Sentient’s solution aims to bridge that gap by introducing an AI capable of reasoning through real-world governance dilemmas. *”Governance in decentralized protocols requires objective assessment of whether proposed actions comply with established rules and community standards,”* said Sreeram Kannan, EigenLayer’s founder and CEO. *”Judge Dobby, built on Sentient’s loyal AI framework, represents an interesting development in the push toward utilizing AI to build more robust and efficient governance for decentralized systems.”* The move comes as EigenLayer continues to solidify its position as a leader in Ethereum restaking, allowing users to leverage their staked ETH to secure third-party services while earning additional yield. The protocol’s native token, EIGEN, has seen a 22% surge in the past month, currently trading at a $2.7 billion valuation. Sentient isn’t just stopping at EigenLayer. The company is pushing for broader adoption of its *CHANCERY* tool, an open-source benchmarking system designed to test AI models on their ability to handle intricate governance scenarios. The goal is to ensure AI-driven dispute resolution remains accountable, particularly in high-stakes areas like corporate governance and public resource allocation. As decentralized protocols grow in complexity, the need for reliable, impartial governance mechanisms becomes more pressing. EigenLayer’s experiment with AI adjudication could set a precedent—showing how blockchain ecosystems might balance automation with human-like reasoning in decision-making. Whether *Judge Dobby* delivers on its promises remains to be seen, but the initiative underscores a growing trend: the intersection of AI and decentralized governance is no longer speculative—it’s here.
EigenLayer: Redistribution Mechanism Launched on Testnet, Expected to Launch on Mainnet by Late June or July
EigenLayer posted on X stating that the reallocation mechanism is now live on the testnet, allowing AVS to redirect penalized funds instead of burning them, thereby supporting new use cases such as lending and insurance protocols. This feature is running on the Holesky, Sepolia, and Hoodi testnets. The mainnet version is coming soon and is expected to go live on the mainnet by the end of June or in July.
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