Why EigenLayer May Be the Most Innovative New Ecosystem Since Ethereum - Ep. 618

Published: March 12, 2024, 11 a.m.

Listen to the episode on Apple Podcasts, Spotify, Fountain, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.\nSreeram Kannan, founder of EigenLayer, and Olaf Carlson-Wee, founder and CIO of Polychain Capital, an investor in EigenLayer, say that the developer ecosystem around EigenLayer is sprouting up very fast, which reminds Carlson-Wee of the developer excitement in Ethereum\u2019s early days.\nThey discuss the potential of EigenLayer, which uses a restaking mechanism to allow ETH stakers to reallocate their staked ETH and Liquid Staking Tokens (LSTs) to bolster security for other protocols. They cover how it could turbocharge Ethereum's rollup scaling roadmap and enable Ethereum to become a stack of decentralized software as a service providers. Additionally, they discuss the potential risks associated with restaking as well as how EigenLayer could work with AI.\nRead more: What Is EigenLayer? A Guide to the Decentralized ETH Restaking Protocol\nShow highlights:\n\nSreeram's explanation of what EigenLayer is and what it allows on Ethereum\n\nwhy Polychain invested in EigenLayer's seed round\n\nwhy Sreeram believes that there are not just going to be three modules in blockchains, but thousands\n\nthe types of applications that can be built with actively validated services, according to Sreeram\n\nwhy they both believe that EigenLayer will improve smart contracts\n\nwhether EigenLayer will help solve the liquidity fragmentation issue in Layer 2s\n\nwhat Ethereum inclusion guarantees are and why they are important\n\nthe potential risks of EigenLayer and why Olaf doesn\u2019t agree that EigenLayer results in rehypothecation\n\nhow attribution claims work in EigenLayer, allowing for "elastic scaling of security"\n\nEigenLayer\u2019s points program and the likelihood of a token\n\nwhy Sreeram believes that an EigenLayer governance token wouldn't have the same issues as Lido's LDO\n\nwhether EigenLayer should be a core part of the Ethereum protocol itself\n\nhow AI and EigenLayer intersect and how to have permissionless innovation in the AI space\n\nThank you to our sponsors!\nPolkadot\nGuest:\xa0\xa0\xa0\xa0\n\n\nOlaf Carlson-Wee, founder and CIO of Polychain Capital\n\nPrevious appearances on Unchained:\n\nOG Olaf Carlson-Wee on Why His Crypto Thesis Is Stronger Than Ever\n\nOlaf Carlson-Wee: 'If There Is a Money-Losing Exploit, the Money Is Gone'\xa0\n\nWhy The First Employee Of Coinbase Launched A Hedge Fund\n\nTo the Moon and Back With Polychain's Olaf Carlson-Wee\n\nSpecial Episode with CNBC's Crypto Trader: Olaf Carlson-Wee on Why This Crypto Winter Is Different From Previous Ones\n\nAll Things Cryptoeconomics, Pt. 1, With Olaf Carlson-Wee and Ryan Zurrer of Polychain Capital\n\n\nSreeram Kannan, founder of EigenLayer\n\nPrevious appearance on Unchained: Do You Need to Think Twice Before Restaking Your Assets?\n\n\nLinks\nEigenLayer\n\nUnchained:\xa0\n\nWhat Is Ethereum Restaking? A Beginner's Guide\n\nETHDenver\u2019s 2024 Hackathon: Onchain Security, AI, and Gaming Fun Dominate the Winning Projects\n\nA16z, Binance Labs Make Investments in EigenLayer Ecosystem\n\nEigenDA Overview\n\nSreeram\u2019s post on why \u201cbuilding on EigenLayer, therefore, doesn't negate the utility of an AVS token\u201d\n\nPoints\n\nDL News: Kelp DAO opens trading of the $340m EigenLayer airdrop market with KEP\n\n\nCoinDesk: Omni Network Signs $600M Restaking Deal With Ether.Fi to Enhance Security\n\n\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices