The testnet recently saw the launch of a brand-new protocol that enables Ethereum validators and stakers to “re-stake” their assets onto other upcoming networks. The EigenLayer protocol’s mainnet launch is not expected until Q3, and testing will be phased in three stages to integrate various ecosystem participants. Utilising Ethereum’s Goerli testing network is the first step. Blockchain Capital, a crypto venture firm, Coinbase Ventures, Polychain Capital, Electric Capital, and Finality Capital Partner led the project’s $50 million Series A funding round. EigenLayer seeks to develop a Blockchain marketplace where Ethereum nodes can profit EigenLayer aspires to develop into a decentralised The post Eigenlayer, A Ethereum Restaking Protocol, Is Now Live On Testnet appeared first on Cryptoknowmics-Crypto News and Media Platform .
