The post EigenLayer Launches Stage 2 Testnet for Validators and Restackers appeared on BitcoinEthereumNews.com.

As part of the Stage 2 testnet launch, operators can now register to the network and commence validation for the first App-Verified State (AVS) – EigenDA. EigenLayer, a leading blockchain protocol, has officially launched the Goerli testnet for EigenDA, signaling a significant advancement in its development journey toward the complete EigenLayer vision. The release of Stage 2 follows the successful introduction of restaking on the mainnet Ethereum in June, which saw a robust response from the community. Security-focused jumps in Total Value Locked (TVL) caps have resulted in an impressive restaking of 170,000 ETH on the EigenLayer protocol. While caps on restaking of Liquid Staking Tokens (LSTs) remain in effect, EigenLayer plans to introduce additional supported LSTs in the coming months, along with continual increases and eventual removal of caps. Stage 2 introduces several pivotal developments. Operators can now register to the network and commence validation for the first App-Verified State (AVS) – EigenDA. Restakers have the opportunity to delegate their stake to Operators, leveraging shared security with EigenDA. Additionally, Rollups can integrate with EigenDA to explore cost-effective, hyperscale throughput use cases. It is crucial to note that the primary objectives of this testnet release are to rigorously test the protocol’s functionality, ensure security, and gather valuable feedback for further refinement. EigenLayer encourages active participation from the community, as user engagement will expedite progress towards the mainnet release. EigenLayer has also provided an understanding of how operator, restaker, or AVS developer can engage either with the EigenLayer testnet or the EigenDA testnet. Using the EigenLayer Testnet The cutting-edge blockchain protocol has detailed the various components of its newly launched testnet, catering to restakers, operators, and App-Verified State (AVS) developers. For Restakers: Restake & Delegate to an Operator Restakers can actively participate by restaking Native Goerli ETH or Liquid Staking Tokens (LSTs). Following…

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Filed under: News - @ November 17, 2023 5:18 pm