EigenLabs

EigenLabs

Enhances utility of Liquid Staking Tokens

About EigenLabs

Simplify's Rating
Why EigenLabs is rated
B-
Rated D+ on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Crypto & Web3

Financial Services

Company Size

51-200

Company Stage

Seed

Total Funding

$159.9M

Headquarters

Seattle, Washington

Founded

2021

Overview

EigenLabs enhances the utility and security of Liquid Staking Tokens (LSTs) through a process called "restaking," which allows users to reuse their staked tokens within the EigenLayer ecosystem. This service primarily targets blockchain developers, crypto enthusiasts, and institutional investors looking to optimize returns on their staked assets while maintaining network security. EigenLabs differentiates itself by also offering a decentralized data availability service called EigenDA, built on Ethereum, which is crucial for efficient blockchain operations. The company's goal is to promote open innovation in the decentralized finance (DeFi) sector.

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Simplify's Take

What believers are saying

  • Growing interest in Liquid Staking Tokens boosts EigenLayer's core offerings.
  • Kraken and BitGo integrations expand EigenLayer's market reach.
  • Rewards v2 upgrade increases flexibility and customization for users.

What critics are saying

  • Security breach in October 2024 exposed vulnerabilities in EigenLayer's infrastructure.
  • Potential conflicts of interest may undermine trust in EigenLayer.
  • Rapid upgrades could lead to user confusion and implementation challenges.

What makes EigenLabs unique

  • EigenLayer enables restaking of ETH across various decentralized applications.
  • EigenDA offers secure, high-throughput data availability on Ethereum.
  • EigenLayer enhances liquidity and utility of Liquid Staking Tokens (LSTs).

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Funding

Total Funding

$159.9M

Above

Industry Average

Funded Over

2 Rounds

Notable Investors:
Early VC funding comparison data is currently unavailable. We're working to provide this information soon!
Early VC Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Home Office Stipend

Flexible Work Hours

Remote Work Options

Unlimited Paid Time Off

401(k) Retirement Plan

401(k) Company Match

Wellness Program

Parental Leave

Growth & Insights and Company News

Headcount

6 month growth

↓ -6%

1 year growth

↓ -1%

2 year growth

↑ 7%
Securities.io
Jan 3rd, 2025
How To Buy Eigenlayer | Buy Eigen In 4 Steps (January 2025)

EigenLayer is a protocol built on Ethereum that introduces “restaking,” enabling ETH stakers to extend Ethereum's security to additional applications and services. By restaking, users can allocate their staked ETH or Liquid Staking Tokens (LSTs) to secure various decentralized services, known as Actively Validated Services (AVSs), in exchange for additional rewards.This approach allows new projects to leverage Ethereum's robust security without establishing their own validator networks, fostering innovation and reducing capital costs. EigenLayer provides a shared security infrastructure that supports various applications, including data availability layers, decentralized sequencers, bridges, and oracles.Developers can build on EigenLayer to access Ethereum's staked capital base and decentralized validator set, enabling new mechanism designs and services. Stakers, in turn, can earn additional rewards by participating in securing multiple protocols simultaneously, enhancing capital efficiency within the Ethereum ecosystem.How to Buy EigenLayer (EIGEN) in 4 Steps1.Compare Crypto Exchanges – Explore our list of top cryptocurrency exchanges offering this token (EIGEN) for purchase. 2.Create an Account – Complete the registration process by verifying your email address and identity to access the platform. 3.Make a Deposit – Fund your account using a Debit Card, Credit Card, Wire Transfer, or Bitcoin

CryptoPotato
Dec 15th, 2024
New Slashing Mechanism in ELIP-002 Enhances Accountability Across EigenLayer Ecosystem

Leading Ethereum's re-staking protocol, EigenLayer has unveiled its second EigenLayer Improvement Proposal (ELIP-002).

CoinCu
Dec 7th, 2024
EigenLayer Rewards v2 Upgrade to Launch in January 2025

EigenLayer, Ethereum's largest restaking protocol, announced the Rewards v2 upgrade, introducing features to enhance flexibility for protocols and validators.

Cointelegraph
Dec 6th, 2024
EigenLayer to upgrade restaking rewards

On Sept. 17, EigenLayer launched a programmatic incentives program to woo restakers.

Eigenlayer
Dec 6th, 2024
Introducing: Rewards v2

EigenDA is excited to introduce Rewards v2, a proposed protocol upgrade, designed to bring greater flexibility, efficiency, and customization to rewards within the EigenLayer ecosystem.

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