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The upgrade aims to enhance rewards for restakers.
Apps will be able to settle directly on Movements L2 with fast finality postconfirmations secured by stakers, the co-founder said.
It will be an important test case for EigenLayer and other restaking protocols, which promise extra yield on staked tokens in exchange for securing additional networks.
Users will be able to earn restaking yield from layer-2 tokens on EigenDA.
EigenDA announces a 10x reduction in pricing and introduces a free tier, making data availability more accessible. (Read More)
EigenLayer leads the restaking sector with a $12.9 billion TVL, driven by AVS rewards and growing interest in Ethereum-based restaking.
EigenDA launches its Base Rewards Program, aiming to reward stakers and operators with monthly ETH distributions, starting from August 13, 2024. (Read More)
With the additional security feature, EigenLayer aims to protect the service it offers while guaranteeing its availability to all clients.
The upgrades are designed to bring greater flexibility to EigenLayer's restaking ecosystem.
In November, L2s have been posting some 3x more transaction data each day to the mainnet than they did in March.
The restaking protocol will start by targeting crypto-native apps, with EigenDA serving as a beachhead for onboarding, Sreeram Kannan said.
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