Imperator’s Selected AVS on EigenLayer: Boosting Blockchain Security

In the dynamic world of blockchain technology, EigenLayer's Actively Validated Services (AVS) represent a significant advancement in security and efficiency. Optimized to leverage Ethereum restaking, these services enable developers to benefit from robust security without the costs and complexities of creating new cryptographic systems. Restaking involves using staked ETH to secure new AVSs with updated slashing conditions, enhancing capital efficiency and providing stronger security by decoupling from native token volatility. By utilizing already staked ETH, EigenLayer's AVS offer an innovative solution that combines the reliability of the Ethereum network with increased flexibility for decentralized projects.

In this article, we will explore how AVS, through EigenLayer, are redefining blockchain security standards and restaking. Additionally, we will delve into the various AVS supported by Imperator.co, showcasing how they tackle different topics from oracles to gaming and data availability, further illustrating the transformative potential of EigenLayer's technology.

Restaking

Understanding Restaking

Restaking is a transformative process in the blockchain ecosystem that involves using ETH stakes for new Actively Validated Services (AVS) with updated slashing conditions on the capital. Instead of establishing a new cryptoeconomic security system with native tokens, AVSs can leverage Ethereum restakers to 'lease' security. This innovative approach enhances capital efficiency for ETH restakers while providing potentially more robust security for AVSs, effectively decoupling them from the volatility of their native token's price. Ethereum's vibrant economic activity has elevated ETH to a premier collateral asset, akin to 'hard currency', making it an ideal candidate for restaking.

Benefits of Restaking for AVS

Restaking allows AVSs to benefit from renting security in 'hard currency' rather than building a new security system from scratch. This method optimizes cost-effectiveness and scalability, making it an attractive option for developers. Furthermore, restaking enables the use of liquid staking tokens with validators in other networks, which increases rewards and bolsters security in Proof of Stake (PoS) networks. This flexibility and efficiency are key advantages for AVS developers looking to maximize their project's security and economic viability.

EigenLayer’s Strategic Approach to Restaking

EigenLayer exemplifies the strategic advantages of restaking by allowing protocols to utilize Ethereum's trusted network without creating their own validator sets. Liquid staking derivatives in Ethereum, such as stETH, convert staked ETH into liquid tokens usable in DeFi. This eliminates the minimum staking requirement and enables small-stake holders to pool assets for rewards. EigenLayer extends this concept by allowing protocols to use assets staked on Ethereum for their security, providing additional rewards while decoupling from native token volatility.

By integrating with Ethereum’s restaking mechanisms, EigenLayer offers a refined methodology for constructing AVSs. This integration empowers projects with unparalleled flexibility, enabling them to tailor the utilization of trust borrowed from the Ethereum network to suit their specific needs. Furthermore, EigenLayer supports a variety of AVSs, each designed to tackle different topics from oracles to gaming and data availability. This versatility showcases the transformative potential of EigenLayer's technology in enhancing blockchain security and efficiency through restaking.

For a deeper dive into this subject, our team has written a comprehensive article about what is EigenLayer. This resource provides further insights into how EigenLayer is revolutionizing the blockchain landscape with its innovative approach to restaking and AVS.

Actively Validated Services (AVS) and EigenLayer: Enhancing Security and Utility

An Actively Validated Service (AVS) is an entity that relies on cryptographic security mechanisms rather than traditional centralized models to establish trust and deliver utility. Similar to Cosmos opt in security, EigenLayer allows Ethereum node operators to opt in to validate the new software modules, and these "chains" are called Actively Validated Services.

Understanding AVS Operations

At the core of AVS lies a decentralized network of validators, crucial for ensuring the integrity and security of the ecosystem. These validators, akin to those in Proof of Stake (PoS) blockchains, collectively form the backbone of an AVS. EigenLayer introduces an innovative approach, allowing developers to leverage Ethereum's robust security infrastructure for their projects.

Through EigenLayer, developers gain access to a refined methodology for constructing AVS, harnessing Ethereum's expansive pool of validators and staked capital. This strategic integration empowers projects with unparalleled flexibility, enabling them to tailor the utilization of trust borrowed from the Ethereum network to suit their specific needs.

While many services adhere to the default security model of prominent networks like Ethereum, some opt to develop their own security protocols for various reasons, such as customizing rules, governance autonomy, innovation, or specific security needs. However, creating a decentralized network with native cryptoeconomic security can be costly and complex.

The challenges include coordinating distributed validators and managing the volatility of token prices, which can impact the stability and cost-effectiveness of such networks. There is an article exploring the different approaches which outlines infrastructure costs.

Utilizing AVS in EigenLayer

EigenLayer serves as a conduit, bridging the gap between innovative ideas and established security frameworks. By integrating with EigenLayer, projects can seamlessly tap into Ethereum's extensive network of validators, augmenting their security posture and enhancing overall reliability.

The adoption of EigenLayer presents a unique opportunity for Ethereum stakers to extend their services beyond securing the Ethereum network itself. Through AVS on EigenLayer, stakers can opt into securing additional services, thereby diversifying revenue streams and unlocking additional rewards. This symbiotic relationship not only benefits stakers and operators but also cultivates a thriving ecosystem of securely validated services.

List of AVS supported by Imperator

Now that we have refreshed our knowledge on what AVS are and what restaking means, we can proceed to the list of EigenLayer’s AVS supported by Imperator at launch.

Each of them has been carefully decided by Imperator because they all tackle different topics, from Oracles to Gaming, data availability and L2 liquidity fragmentation.

EigenDA: Pioneering Data Availability AVS on EigenLayer

EigenDA is set to revolutionize Ethereum scalability by introducing a pioneering data availability layer, being the first AVS on EigenLayer. This advancement could transform transaction and data management on Ethereum, particularly for rollups.

EigenDA's decentralized solution complements Ethereum's infrastructure, offering increased scalability, efficiency, and potentially privacy for transactions. By minimizing data storage on Ethereum through batching and compression, rollups utilizing EigenDA inherit Ethereum's security while enabling cheaper transactions, representing a significant leap forward in Ethereum's evolution and rollup based roadmap.

Website: https://eigenlayer.xyz

Brevis: Innovative ZK Coprocessor AVS on EigenLayer

Brevis coChain introduces a novel "propose-challenge" ZK Coprocessor model, revolutionizing dApp development with lower costs, reduced latency, and enhanced user experience. Featuring Proof-of-Stake blockchain with on-Ethereum staking, it optimistically generates coprocessing results, subject to Zero-Knowledge (ZK) proof challenges, allowing direct slashing of validators' stakes on Ethereum upon successful challenges. Integration with EigenLayer enables dynamic adjustment of crypto-economic security levels.

With seamless SDK integration, developers can effortlessly deploy applications in either the "pure-ZK" or coChain model, unlocking unparalleled versatility in designing data-driven dApps.