Sreeram Kannan
@sreeramkannan
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Founder @eigenlayer #InfiniteGames #OpenInnovation #CoordinationAccelerationism
Seattle
Joined October 2013
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@eigenlayer
launches on mainnet today, taking the first steps towards our vision of building the verifiable digital commons!
-----------
Ethereum is the verifiable internet.
Rollup is the verifiable web server.
AVS is verifiable SaaS.
Eigenlayer is the verifiable cloud.…
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Why build an Ethereum L2?
———
Some argue that “Ethereum is a great settlement layer and that’s why L2s should settle there. “
———
Our theory (not financial advice): Anyone who wants to use and transact with ETH, the asset, needs to settle on Ethereum, which is the final ledger…
By today's market prices, Ethereum has $110b staked while Solana stands at $70b staked.
Solana's economic security is getting really close to that of Ethereum. Isn't economic security one of the major reasons L2s choose Ethereum as its home?
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Origin of EigenDA (
@eigen_da
) - A Retrospective
In this thread, I will present the story of our journey to build EigenDA from a personal vantage point. This story will lay out our longstanding interest in scaling network bandwidth as well as offer some inside anecdotes.
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This is a post in appreciation of the Ethereum PoS protocol, in the context of recently raised questions.
@VitalikButerin
@dannyryan
@drakefjustin
@dankrad
@casparschwa
@zmanian
@barnabemonnot
I don't think people appreciate how big of an innovation Ethereum's chain-based PoS is
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Thrilled to have an opportunity to work closer with the exceptional team at
@a16zcrypto
on behalf of Eigen Labs:
@alive_eth
@cdixon
@guywuolletjr
@0xMasonH
@Tim_Roughgarden
@Tim_Org
@smc90
@eddylazzarin
@jasonrosenthal
@milesjennings
One of the amazing characteristics of the…
Today, we're announcing that we're leading
@eigenlayer
's Series B.
It's exceedingly rare to come across a founder with a vision and plan that has the potential to change everything. I have come to know
@sreeramkannan
to be not only brilliant, but also fundamentally motivated by…
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EigenLayer - What is it good for? This is a thread that explains the underlying elements of trust in the
@eigenlayer
network and how they can be put together to create powerful services with customized decentralized trust models.
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It was great talking with
@EMostaque
pioneer of open source AI & founder
@StabilityAI
and hear him talk about his vision for open / decentralized AI powering human flourishing and how it fits with our vision for coordination accelerationism at
@eigenlayer
.
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Ethereum expanded on bitcoin but could not be built on it.
Eigenlayer expands Ethereum by building on it.
@eigenlayer
is here to accelerate
@ethereum
!
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Totally! Also people totally underrate how censorship resistance means much more than global regulatory arbitrage. Particularly, in smart contract platforms, censorship resistance implies a truly open-API system.
People continue to underrate how often cryptocurrency payments are superior not even because of censorship resistance but just because they're so much more convenient.
Big boost to international business and charity, and sometimes even payments within countries.
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Ethereum hyperscaling primer. Why the best blockchains will have *no tradeoff* between scalability and security? Why is hyperscale Data Availability critical? How does Ethereum get there?
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We welcome this excellent analysis of the different kinds of risks using restaking for different use cases a la
@eigenlayer
by
@VitalikButerin
. It is consistent with what we have been advocating with Eigenlayer. A brief summary here:
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We have been selling blockchains as offering censorship resistance and property rights to users. While a noble cause, this is hard to gather enough support for.
We should instead sell censorship resistance and property rights to devs.
Devs have no rigid property rights to…
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Open source (means attacker can read the code),
open state (means attacker can choose an opportune moment),
open entry (for attacker, due to censorship resistance),
open exit (for attacker due to immutability)
It’s the harshest environment code can ever be deployed in.
Defi code is launched into the most adversarial of environments. Non-stop attacks from financially motivated actors.
It's damn hard to get right.
But what comes out the other side will also be the most resilient and valuable code ever written.
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@eigenlayer
new AVS category alert ‼️
Serverless cryptoeconomic coprocessors: AI, Linux, databases, game engines all triggered from
@ethereum
.
“Intelligent DeFi” emerges downstream.
——-
H/T Great article by
@0x_emperor
and
@0xkrane
.
Wrote a second part on coprocessors with
@0xkrane
. In this we identify the trend of offloading compute in the Ethereum ecosystem and put it into perspective about how we are heading to a proof based world
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Totally the opposite of my view: PoS is far superior to PoW.
Clearly PoS is already far superior in safety because safety violations incur huge amount of economic penalty.
We can make it far better for liveness. For example, strong censorship resistance needs to be inbuilt…
the more time I've spent on proof of stake, the more I've come to appreciate many aspects of proof of work
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This is regarding the recent
@RollkitDev
release of "Sovereign rollups" on bitcoin. I am not going to get into the terminology, but want to address the security properties, and whether it borrows security from bitcoin or not.
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@eigenlayer
Shared Security: The Four Superpowers
---------------------------
Since
@eigenlayer
is the first universal validation platform with shared cryptoeconomic security, there is a lot of new ground.
Short exposition of this thread here:
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We recently announced the Series A for
@eigenlayer
led by
@blockchaincap
. In this thread I will highlight several key investors in the seed round, which was co-led by
@polychaincap
and
@etherealvc
.
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Of the top 7 cited papers I co-authored, 6 are in “AI” (machine learning / deep learning / federated learning):
@laurashin
@sreeramkannan
@zxocw
How did Sreeram become so informed about AI and what’s the link between AI x Eigenlayer and the model derivation license
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Our thesis is that the
@ethereum
blockchain becomes the center of staking and defi for all systems, old and new.
@eigenlayer
is building the tools to make this happen: staking on Eigenlayer and massively expanding L2 and defi throughput on
@eigen_da
.
I haven’t seen people talk about how big the idea of dual staking in
@eigenlayer
is. Not only is helpful to bootstrap a new network but by allowing to use a new token that lives in Ethereum to secure another network you allow a new L1 to access directly all the liquidity from…
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Our goal is to make
@eigenlayer
eventually permissionless on the staking assets.
-----------
When any asset can be staked, what asset *will* be staked?
-----------
- There is a common misconception that lower volatility assets are better. Is USDC the lowest volatility asset then?…
"Restaking with any asset" has been on the
@eigenlayer
roadmap from Day 1
Study dual staking
All restaking platforms converge on any-asset collateral
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There is no better exemplar for the
#OpenInnovation
phenomenon than
@gajeshnaik
: a 13 year old kid from India building a whole bunch of cool stuff (he’s now 16).
The only reason this is possible is because of the decoupling of trust and innovation: innovators bring ideas and…
turning 16 today! 🎂
this year's been a rollercoaster, full of ups and downs, but every moment's been a lesson in growth. super grateful for all the experiences and the amazing people in my life. here's to embracing all the adventures that 16 brings!
upwards and onwards.
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If our Solana friends want to understand what's happening on this side of the pond
@eigenlayer
@ethereum
, happy to jump on a Solana friendly podcast:
@SuperteamDAO
@lightspeedpod
Tagging
@0xMert_
@KyleSamani
@Austin_Federa
@GarrettHarper_
@GarrettHarper_
It will be super fun…
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#OpenInnovation
@ethereum
is the verifiable internet.
Rollup is the verifiable web server.
AVS is verifiable SaaS.
@eigenlayer
is the verifiable cloud.
Welcome to the verifiable digital commons!
Announcing: AVS mainnet launch
Six new AVSs are coming live today alongside EigenDA!
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Thanks
@LoganJastremski
for hosting this podcast and
@kevinsekniqi
for the chat. Talking about the principles behind Ethereum PoS and security models in general.
Dropping an Absoutle banger Podcast today with
@KevinSekniqi
and
@SreeramKannan
at 3 pm EST!
We talk about Security models & Ethereum PoS. Here is a sneak peek 👀
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Excited to see
@intmaxIO
and
@HiokiLeona
consider using
@eigenlayer
and
@ethereum
for building this mind-blowing tech using Signature-based Witness Encryption! Applications include "trustless bridge for a two-way peg between Bitcoin and Ethereum, private AMM, minimal…
Happy new year!
I’m pretty sure that INTMAX will have a crazy moment in 2024. I’m so looking forward!!
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Side chain vs optimium vs anytrust vs Validium.
The five properties of a blockchain confirmation rule are: ledger growth, censorship resistance, DA, reorg resistance, validity. (for more details please read the linked thread). In a modular world each aspect can be supplied with…
What are the five properties that secure a confirmation rule?
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Thanks
@IOHK_Charles
for the kind words!
Here is the paper for those of you who are curious about Minotaur:
This is among the many foundational papers that IOHK has funded.
It was amazing collaborating with some exceptional researchers at IOHK…
@alive_eth
@eigenlayer
@sreeramkannan
You made a good choice. We worked with Sreeram co-authoring Minotaur. He's extremely bright and driven. I think eigenlayer has a wonderful future.
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Our goal at
@eigenlayer
is to build the coordination engine for open innovation.
—————
1. There are interesting things in life only because there are positive sum games (win-win).
2. There are two prototypical win-win games:
2a) coordination: N people coming together to do…
"Things are interesting only if they are positive-sum games which are win-win across different parties."
This is
@sreeramkannan
's core belief that subsequently got him interested in Web3. Listen how 👇🏼
In conversation with our cohost
@dikshadutta
🎙
#crypto
#Web3
#Internet
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Superfast finality coming to an Ethereum rollup near you!
Super thrilled about this exciting partnership announcement between
@NEARProtocol
and
@EigenLayer
.
More exciting news from
#NEARCON23
:
@eigenlayer
and
@NEARProtocol
are partnering to build a fast finality layer for Ethereum rollups.
Fast finality enables cross-rollup tx processing within 3 seconds (rather than hours or days) and 4000x more cheaply than the current options,…
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Can you launch an AVS on
@eigenlayer
without slashing?
-----
Thanks
@KyleSamani
for initiating this conversation.
It is not necessary to have slashing built on day 1 to launch an AVS. Most teams will prioritize building user facing features before building trust features.…
The funny thing about launching a new AVS on Eigenlayer is that it forces AVS developers to build slashing in on day 1
As far as I can remember, there hasn't been any team that has launched a new service with slashing on day 1.
Obviously slashing is important in the long run,…
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The Eigenlayer risks faqs have been published. Please take a look.
EigenLayer Risks Q&A (Hardball Questions Only)
We've gathered insights and concerns from the community and consolidated everything into a comprehensive Risk FAQ.
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From the
@eigenlayer
risk docs:
———
Doesn't EigenLayer remove all the utility from an AVS network token?
———
No, EigenLayer doesn't remove the value of any hypothetical AVS tokens, but adds more value to it.
Firstly, Ethereum's L2 networks serve as a…
what is the right way to think about the valuation for AVS on
@eigenlayer
wouldn't the security rented from EL strip away some of the demand of whatever form of security the projects could warrant...?
is this a net positive thing AVS in terms of token value accrual...?
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The dank blobs are here.
Congrats to the
@ethereum
community and the core developers for officially inaugurating the rollup era and accelerating permissionless innovation!
Dencun is both the most complex fork we've shipped since the Merge, and tied for "most total EIPs in a fork" with Byzantium. There were more teams than ever involved in the process, and it somehow all worked out smoothly...! Grateful to work with all of them, onto the next one🫡!
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If you want to build a killer consumer product on
@ethereum
, we would love to hear from you and support you.
Please ping our dev rel lead
@dabit3
.
Come, innovate with us
@eigenlayer
!
The more people I talk with in Denver the more bearish I become on the Ethereum ecosystem
I'm going to restake my L2 tokens into my L3, and then bridge from Arbitrum and settle on Celestia...
The infinite VC bid for infra will come to an end, and the focus will shift back to…
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Based "based" rollup structure proposal by
@drakefjustin
:) The idea is to use L1 proposer-builder separation to include L2 blobs (including any compression) natively rather than using a sequencer.
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Blockchains will become a forcing function for privacy. When you tell users Google has your data, they may not care (and do not empirically). But when you tell users *everyone* has your data we will absolutely care. Blockchains because of the full transparency model (everyone can…
@sreeramkannan
One caveat, cryptographic approaches not only provide guarantees of computational integrity, but also can add privacy as a feature. For most real-world applications (outside of gambling) some level of privacy regarding program inputs or id's of interacting parties will be needed
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The goal of
@eigen_da
is to maximize the world’s coordination bandwidth!
EigenLayer founder Sreeram Kannan explains the significance of Ethereum — it is scaling the world's coordination bandwidth
Full interview with
@BanklessHQ
, starting from clip, here:
"You know, when I first did the numbers and tried to calculate, I…
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After decentralized sequencing, a new category of rollup services emerging on
@eigenlayer
.
@witnesschain
is building a watchtower for optimistic rollups: a credibly neutral node set watching out for whether rollup state commitments are correct and triggered fault alerts.
Introducing
@witnesschain
Watchtower network: The first line of defense for rollups.
L2 economic boom is ongoing. Watchtower network ensures secure L2 growth 📈 by deriving cryptoeconomic security from
@eigenlayer
.
Discover more about us 🔽
🗼1/7
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Summary of some of our academic work on blockchain. See our website: for further details.
📣 New ep:
@AnnaRRose
&
@tarunchitra
chat w/
@sreeramkannan
about how information theory & blockchain intersect. The philosophical reasoning of shifting from genomic to blockchain research & his 2 areas of focus in P2P systems: max throughput & low latency
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I am thoroughly delighted to be working in a space that has principled, passionate and self-reflective people like
@VitalikButerin
.
Please read this refreshing and candid take to get a behind-the-scenes look!
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Insured bridges for L2 to L2 liquidity defragmentation. Coming soon 🔜
@DefiIgnas
@tomuky
This is correct - we call this insured bridges - they ensure that from the user point of view, either the bridge is secure or there is enough slashing redistribution to ensure that users are compensated. The L2s eventual settlement can be used to perform slashing. This bridge…
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Really exciting to see
@project_shutter
bring this really important technology to production for the
@ethereum
rollup stack: encrypted mempools coming up compatible with the
@Optimism
OP Stack!
We’re thrilled to unveil the latest milestone in our journey towards building an encrypted, shutterized mempool for the
@Optimism
OP Stack, marking a significant leap towards a more secure, front-running and censorship resistant Optimism ecosystem.
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My take:
Blockchains govern the digital commons.
Governments govern the physical commons.
These two can be Non-overlapping-magisteria (NOMA) similar to NOMA of science and religion (or values):
Blockchains are digital governments.
They offer alternative systems for property rights, identity verification, and contract enforcement across borders.
And they allow communities to collectively opt out from the control of legacy states.
As such they are inherently political.
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Thanks to
@TrustlessState
for a great thread on my talk today on our goal
@eigenlayer
@eigenda
to convert cloud to crypto.
Some of you may recognize what the cloud is transforming into in the picture below.
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Low founder age is possible in systems that are a) permissionless, b) composable, c) capital non-intensive and/or d) culturally contrarian.
A higher founder age featuring connections, deep knowledge, access to capital and experience is a prerequisite in others.
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Arbitrum One has now processed over 500 million transactions 🎉
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Glad to see really hardcore
@ethereum
devs like
@fede_intern
excited about Eigenlayer. It is really built for them.
#OpenInnovation
If you excelled at building complex blockchain infrastructure and distributed systems, there were very few places (say 10 places) where you can go…
Eigen Layer is bringing back the innovation to Ethereum. I am seeing cool ideas that help Ethereum have an amazing UX.
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Cryptographic vs cryptoeconomic methods in proof verification.
-------
How can a ZK proof verification system like
@alignedlayer
or
@brevis_zk
use a system of cryptoeconomic guarantee like
@eigenlayer
for safety? (separately, they can also use it for liveness slashing)
-------…
WHITEPAPER ANNOUNCEMENT
We have been working on the first Universal Verification Layer to build the Truth infrastructure the Internet deserves.
Today we want to share with you the first draft version of "Aligned Layer: universal verification layer".
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@VersatusLabs
♾️
@eigenlayer
: Accelerating Ethereum.
Versatus is building the first rollup with stateless verification on Ethereum.
What does it mean? When you build an optimistic / cryptoeconomic rollup with super high performance, a big problem is that each watching node…
For a long time from the start of
@eigenlayer
people struggled to understand it (tbh a lot still do I think). That’s despite
@sreeramkannan
being one of if not the best at explaining complex concepts in simple terms.
@_MinTeo
took a bold bet on
@sreeramkannan
and they went to…
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Glad to be working with some of the best people in the world to build
@eigenlayer
!
We are delighted to welcome
@michaelgwee
to our team, who brings a wealth of experience from
@coinbase
and
@a16zcrypto
!
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Excited to see
@FhenixIO
build an FHE coprocessor on
@eigenlayer
: the goal is you should be able to access fully homomorphic encryption technology from any chain. With a FHE coprocessor, you get program integrity similar to any optimistic or cryptoeconomic rollup, and you get…
Fhenix ♾️ EigenLayer
We're thrilled to announce an engineering partnership with
@eigenlayer
to develop a novel
#FHE
coprocessor architecture.
Together, we are pioneering a new way for blockchains to incorporate FHE-enabled onchain confidential computing. By combining the…
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The L1, L2, L3 nomenclature assumes each system depends, and is derived, only on one other system. This is a simplistic assumption.
SaaS systems (and APIs more genetically) in the cloud exhibit much more tight interdependence.
In our view, there will be generic graph…
L3’s are mostly pointless.
What’s needed is the equivalent of the web2 LAMP stack. File storage, databases, identity, compute. Shared security is the big unlock that will give us the missing pieces at competitive cost.
The end goal is full featured web3 apps that look and feel…
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TrustBoost: Foundations of mesh security. Suppose there are N chains with X$ staked in each. Can we create a super-trust-chain with NX$ economic safety? Yes!!!
Joint with Xuechao Wang, Peiyao Sheng, Kartik Nayak (
@kartik1507
) and Pramod Viswanath.
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Excited for this upcoming summit!
Announcing Decentralized AGI Summit
🗓️ Feb 26th 4-9pm @ ETHDenver
🎙️ Speak:
👥 Attend:
🔜 More speakers and full schedule soon
🎉 Learn from top builders in decentralized AI + free food and drinks!
Organized by
@sentient_agi
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Excited to see Ritual: AI coprocessor coming up on
@eigenlayer
. I have known
@niraj
for several years as the lead vc of our seed round and we have discussed crypto x ai a lot. Amazing to see this project maturing.
Go
@ritualnet
!
Ritual ♾️ EigenLayer: AI x Restaking
✨
@ritualnet
is building a sovereign execution chain optimized for AI-native operations on
@eigenlayer
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Excited to work together with
@dabit3
to turbocharge developer adoption of crypto!
#OpenInnovation
@eigenlayer
I'm excited to be joining
@eigen_labs
@eigenlayer
today!
I'll be working with
@13yearoldvc
@gajeshnaik
@html_tina
@sreeramkannan
@cjliu49
@nima_vaziri
@soubhik_deb
@zkBri
and many other amazing folks I'm still getting to know.
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Finally we got
@viswanathpramod
to join Twitter. He runs and has made foundational contributions to many blockchain systems.
I am hoping he will stay on Twitter and teach us all in the space about these systems. Please follow him for alpha on…
Thanks to
@sreeramkannan
for teaching the last lecture that summarized the entire storyline: combining all elements of DeFi into a super-organism (Eigenlayer). Kind of like combining basic elements of life (hydrogen, oxygen, carbon) into the sentient, flexible, homo sapiens
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Title: "MEV and restaking: Mycelial networks at the root of the dark forest!"
Talk, on applications of
@eigenlayer
for MEV management, with the right starting time here:
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There are many amazing people behind the scenes
@eigenlayer
. It is my privilege to play a part in bringing together this extraordinary team and a passionate community on the mission to build the coordination engine for
#OpenInnovation
on
@ethereum
!
Three months ago, I joined EigenLayer as a protocol researcher. Back then, I didn't share my reasons for joining, unsure if they truly held up. After all, startups can often appear different from the outside🕵️
Now, after three months, I believe they were right, and I'm happy to…
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As an academic, I highly value the importance of appropriate attribution and deeply appreciate all contributions to public goods. The creation of anything in open source while managing a commercially sustainable project, is very difficult and therefore highly applaudable.
I am…
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Great framing of three features by
@0xfoobar
.
If you want sync composability *all the time* across a set of apps, you need to also pay for the cost of joint consensus.
But if you want sync composability only some times *on demand*, you can pay for the cost of consensus only…
From an app's perspective, blockchains offer three key features: consensus, composability, and availability 🧵
consensus - solve contentious race conditions
composability - access other liquidity and apps
availability - data is readily accessible
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It's amazing that we have a culture where
1) an anon
@apolynya
makes a stern but constructive comment and
2) leaders of major projects responding positively to such comments. Kudos
@gluk64
!
Lets do more of this to build Ethereum - the cooperation superhighway!
@apolynya
@cburniske
You are right, and we should definitely all strive to make L2 space more cooperative and less toxic, irrespective of where everyone is coming from.
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It’s amazing to see Celo integrate with EigenDA within two days. (See
@marek_
talk below).
#HyperscalingEthereum
coming soon.
@eigenlayer
<>
@CeloOrg
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This is why dapp specific L2/L3 is what makes most economic sense: dapps capture the benefit of their own hard earned demand.
And L1/L2 is used mainly for composition across Dapps, so the L1 / L2 is capturing the value of cross chain composition by aligning several chains with…
Woke up in deep embarassment over having said EIP-4844 (Dencun) will make L2 fees ”dirt cheap”.
4844 is simply a capacity increase for DA-bound L2s. Not an infinite one, you’ll get max 100-1000 TPS out of a rollup even if it consumes all of the now available blobspace (depending…
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Sovereign AI coming up to a blockchain near you!
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Restaking vs rehypothecation.
A lot of FUD out there equating restaking with rehypothecation from TradFi. When you actually look at the details, they matter, and reveal important differences.
First off, restaking IS similar to rehypothecation in that your asset gets exposed to losses from more than 1…
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Excited to see a new
@eigenlayer
avs.
OpenDB: access your favorite db from
@ethereum
smart contracts with cryptoeconomic integrity.
🌐1/9: Introduction to Data Interoperability "Data interoperability is key in our interconnected digital world. It allows diverse systems and organizations to share, interpret, and use data seamlessly. OpenDB's decentralized database architecture takes this to the next level.
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Do not:
a) don’t build complex financial primitives on restaking - they can spiral out
b) don’t rely on Ethereum to fork for application layer errors - this is a super important principle
c) do not use subjective slashing - as it is subject to tyranny of the dishonest majority
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Great point by
@stonecoldpat0
:
1) open source software does not need a DAO as anyone can use different forks of the software
2) *open state* software where there is a single living instance *absolutely* needs a DAO to control upgrades of the canonical instance of the software
I’ve been at the Arbitrum Foundation (
@arbitrum
) for ~1 month now and I’ve been thinking about why we should care about DAOs.
There is a simple answer to it that most techies should find relatable.
One of the pillars of crypto is the desire to work on open source software…
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Pleasure to be visiting Harvard today giving a keynote at Harvard Blockchain Conference on
@eigenlayer
:
Please stop by and say hi if you are there!
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"Polynomials scale blockchains." There are four resources in running a blockchain: compute, memory (ram), network, (historical) storage. The first two are scaled by ZK (validity proofs), and the last two are scaled by coding theory. Both are built on polynomial algebra.
data availability sampling is a very beautiful scaling idea
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This is a really good summary on the Ethereum + cosmos
@thebellcurvepod
with
@zmanian
.
Summary of
@thebellcurvepod
| Converging Cosmos & Ethereum: A Restaking & Shared Security Deep Dive | Sreeram & Zaki
• Alignment of Ethereum and Cosmos roadmap
• Unpacking the demand for EigenLayer's security
• AVS categories
• EigenLayer's security suite
(a) Pooled Security…
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Ethereum: the cooperation superhighway!
Love the
@optimismFND
spirit!
Where others see competition, we see collaboration.
It’s all Ethereum baby, hop on.
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Do we need L3s?
————-
Direct L2 to L2 interaction can happen in many ways.
@cemozer_
is pointing out you can have direct fraud or zk proofs across L2, which is true. One downside with fraud proofs is that you are still waiting for the fraud proof window. With zk proofs you are…
The concept of L3s settling to L2s primarily exists because in the existing rollup world, the only way for a rollup to be securely connected to other rollups is to prove its state to the Ethereum L1. There is no way for a rollup to securely prove its state to all the other…
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@alt_layer
is building restaked rollup stack that is a rollup-specific decentralized sequencer leveraging both a native token and ETH (using
@eigenlayer
).
There is no-tradeoff choice!
It seems like every decentralized/shared sequencer project wants you to use either their token or ETH as a staking token. But I'd expect most L2s would rather use their own independent token for that.
Where's the Cosmos SDK for decentralized sequencing?
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Exciting to see two of my favorite researchers
@benafisch
(
@espresso
) and
@drakefjustin
(
@ethereum
) in this
@BanklessHQ
podcast. They explore the intricate design space in shared atomic inclusion between various L2 as well as between L2 and ethereum L1. Please listen!
PREMIERE:
The United Rollups of Ethereum
w/ guests
@drakefjustin
&
@benafisch
Where the fragments of Ethereum threaten to turn the ecosystem into a maze of confusion, these men stand tall & illuminate the way & save us from the labyrinth of Ethereum’s rollup-centric roadmap👇
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TL;DR: DA Sampling today does not provide strong guarantees, i.e., any one node *can NOT* be sure that data is available. Weak DAS guarantee today: It is not possible to cheat a *large number* of nodes that data is available when really unavailable. (Challenge D in quoted post.)
Data availability (DA) is critical for blockchains and rollups.
DA sampling is a deceptively simple and elegant proposed solution.
But actually, a lot of R&D challenges still need to be figured out! 🧵👇
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Indeed! It is also possible for the
@0xPolygon
AggLayer to incorporate
@eigenlayer
cryptoeconomic certificates in addition to ZK certificates in the upcoming versions of AggLayer, so that each rollup (maybe even each claim of a rollup) can utilize ZK or cryptoeconomic…
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Better idea: fork L1s on
@eigenlayer
to align the eth users. L2 value already flows to eth.
Idea
Fork Arbitrum/OP stack, create new general purpose roll up
Use Eigenlayer to use ETH to secure your new general purpose roll up
Now all the value that L2 tokens were going to capture flows back to L1
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It has been a great pleasure for us to work with the incredible team at
@blockchaincap
, in particular, really enjoyed the close interactions with
@pbartstephens
,
@yuan_han_li
,
@sproule_
and
@EnigmaticUnreal
. Looking forward to hyperscale innovation on
@ethereum
!
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Why is slashing needed? Two existing formal models of blockchain trust are (a) byzantine models, and (b) game-theoretic models analyzing Nash-equilibrium. Is there a model in which slashing is required? For PoS or for
@eigenlayer
restaking?
@samlafer
@sreeramkannan
@kevinsekniqi
Formal game theory/mechanism design around slashing largely an open question IMO. E.g., would be good to have a rigorous mathematical result stating that there can be desirable equilibria that are enforceable by a mechanism iff you have slashing.
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Kickass talk by
@rphmeier
of
@Polkadot
at the Shared Security summit hosted by
@eigenlayer
and
@babylon_chain
.
@polkadot
is a powerhouse in engineering.
Long-term blockspace allocation is a core principle of eigenDA so rollups have a priori known costs.
My slides from the Shared Security Summit today as a tweet thread. I covered blockspace fundamentals, trade-offs in different architectures, and some roadmap items for Polkadot based off of this mental model.
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We appreciate
@DLNewsInfo
covering the new security model of
@eigenlayer
: attributable security which can be obtained on top of pooled security.
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It is really cool that they open sourced this as they pivoted to building an AI agent framework
@HyperspaceAI
!
———————
Browser based proof generation is 🔥 for the cases where it is feasible. There is a lot of creativity involved in finding the appropriate usecases to utilize…
Announcing HyperspaceZK: A fast and free browser-based ZK engine for AI agents
🤗
👨💻
At
@HyperspaceAI
, we are building the most comprehensive technology platform for AI agents.
In the world ahead, at many points, AI agents would…
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Nice thread on using
@eigenlayer
for decentralized sequencing.
@eigenlayer
is "inter-module" security for ethereum. Rollups in the cosmoverse can use Cosmos interchain for sequencing + celestia for DA. Rollups in etherland can use eigenlayer + 4844 / eigenDA.
#NonZeroSumGames
.
🚨Hot take incoming:
Following blog post presents an interesting idea of using Cosmos inter chain security to decentralise Rollups with no tokens.
👉🏽Imo
@eigenlayer
makes way more sense.
Some thoughts on why 🧵
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Thanks
@nickwh8te
for the kind words, the feeling is mutual!
I could tell from the first time I met
@sreeramkannan
in person that not only is he a gigachad technically, but also a genuinely good person with good values.
We need more builders like him in this space.
Congrats on the launch sir!!
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Congrats to
@anuragarjun
@prabalbanerjee
!
The day is here! We’re unfolding the cards!
Avail raises $27m, led by
@foundersfund
and
@dragonfly_xyz
to accelerate the unification of web3!
With this, we’ll build the Avail trinity - a three-phase roadmap aimed at unifying multiple ecosystems in web3.
Consisting:
• Avail…
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There are several open positions at the EigenLabs engineering team. Please consider applying!
We are excited to welcome Jian Xiao () to the EigenLabs team!
If you are interested in joining the engineering team to empower more open-innovation, there are several open roles, across security, smart-contracts and distributed systems.
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I am preparing for a guest lecture at Princeton tomorrow on staking, and covering different staking reward policies. The
@StakingRewards
table on the homepage is very helpful: But I need some help on other chains: AVAX and BNB.
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Talk on using
@eigenlayer
and eigenDA for scaling on-chain gaming at the GAM3R summit titled "Hyperscale Performance for Gaming on Ethereum".
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.
@eigenlayer
: an old thread explaining what it is good for, and how it is different from what a rollup can do.
EigenLayer - What is it good for? This is a thread that explains the underlying elements of trust in the
@eigenlayer
network and how they can be put together to create powerful services with customized decentralized trust models.
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This Q&A livestream with
@TrustlessState
happening today at 12pm PST. Please join in.
🚨LIVESTREAM 📺👀
Eigenlayer QnA w/
@sreeramkannan
Have questions about
@eigenlayer
and restaking?
@TrustlessState
gets answers directly from the source 👇
3PM EST📅TODAY
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zkWasm on
@ethereum
coming soon!
We are proud to announce the Private Testnet release of Fluent's zkWasm L2 🎉
Here's to making it easy for millions of developers to build on Ethereum 🥂
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For those of you wondering what ♾️ sum games are, please read this.
Zero-sum games: one winner, one loser. No new opportunities.
Positive-sum games: multiple winners, new opportunities.
♾️ sum games: endless winners, limitless opportunities.
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Client diversity + Gasper is the super power to
@ethereum
in saving the protocol from liveness faults, even when there is a single supermajority client.
To extend this protection to *safety faults* we need to ensure that there is no majority client.
How are people feeling these days about blockchain client diversity?
Ethereum has OK client diversity on the consensus layer, but not on the execution layer. If there's a major bug in Geth, all the EVMs are going to have a bad day.
Seems to confirm that even with best effort,…
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Please read StakeSure to understand the cutting edge of proof-of-stake.
Talk here:
PDF:
Coauthored with
@soubhik_deb
and
Robert Raynor
Much more coming up soon.
@eigenlayer
Becoming convinced that is the most important innovation in proof of stake since slashing.
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