EigenLayer Announces Six Initial AVS Projects at Mainnet Launch

EigenLayer has unveiled six pioneering AVS projects developed on its restaking protocol following its mainnet deployment on Ethereum.

EigenLayer Unveils Six AVS Projects with Mainnet Launch

Today, EigenLayer announced the first six AVS projects leveraging its restaking protocol.

Announcing: AVS mainnet launch

Six new AVSs are coming live today alongside EigenDA! pic.twitter.com/Rtb1yAiFl6— EigenLayer (@eigenlayer) April 11, 2024
EigenLayer introduced the concept of Restaking to the market, unlocking the liquidity of ETH Staking and enhancing the security of projects through Ethereum's Validator network.

Ethereum validators can register to become validators on EigenLayer. This dual-role allows them to operate on the Ethereum platform and simultaneously manage AVS on EigenLayer, earning additional income.

AVS (Actively Validated Services) are designed to provide security for Layer 1, Layer 2 chains, Bridges, Oracles, or any dApp requiring such services. AVS can offer security services to multiple entities simultaneously based on the benefits received.

Restaked rollups are solutions designed to enhance decentralized verification and improve fast finality with dedicated sequencing for existing rollup platforms. Rollups, a Layer 2 scaling technology, address blockchain scalability issues by processing user transactions off-chain and then submitting them to the main blockchain for validation.

The Six AVS Projects on EigenLayer:

AltLayer

AltLayer’s Restaked rollups AVS integrates MACH technology, enabling rollups to achieve fast finality (under 10 seconds) using EigenLayer staking support, significantly enhancing rollup performance.

AltLayer has recently introduced staking for its native token ALT, and launched MACH Alpha and fast finality services for Layer-2 rollups.

1/📣Two AltLayer-powered AVSes are now live on @eigenlayer mainnet.

♾️ AltLayer MACH AVS to serve @Optimism mainnet
♾️ Xterio MACH AVS to serve @XterioGames’ rollup

Playing infinite sum games together ♾️

❔How to engage as an operator or a delegator?👇…

— AltLayer (@alt_layer) April 11, 2024

Brevis

Brevis, an AVS leveraging zk and crypto economic co-processing, enables dApps to access and utilize historical on-chain zk data, significantly reducing security costs in the crypto economy.

♾Brevis coChain AVS is now live on mainnet!

🤝Combining ZK proofs with Crypto-economic Security powered by @eigenlayer restaking, coChain promises a significant cost reduction in #ZK coprocessing, and enables exciting new features!

Read more details➡️https://t.co/GwfPonrCVc pic.twitter.com/Z0Dsgzuy2M— Brevis (@brevis_zk) April 11, 2024

eoracle

Eoracle, an Ethereum-native oracle protocol, provides AVS to enable decentralized applications with secure, cost-effective, and programmable connections to any off-chain data and computation via EigenLayer’s stakers and operators.

The Ethereum Oracle; Staking live on EigenLayer mainnet

Since its inception, eoracle has been dedicated to solving one of the most critical challenges in the Ethereum ecosystem — the oracle problem. Our mission has been clear: to create an Ethereum-native oracle that aligns with… pic.twitter.com/PODVqP0no3— eoracle (@eoracle_network) April 11, 2024

LAGRANGE

LAGRANGE has launched the first zero-knowledge proof AVS on EigenLayer Mainnet, offering light client functionality verified by EigenLayer’s stakers and nodes, facilitating secure and rapid communication between optimistic rollups and other blockchain networks.

1/ Lagrange has launched as the first ZK AVS on @EigenLayer mainnet!

Interoperability protocols and dApps can now leverage Lagrange's new ‘shared security’ paradigm for robust security, decentralization, trust minimization and cost efficiency 💪 pic.twitter.com/Znzrtfbaqm— LAGRANGE ⭕️ (@lagrangedev) April 11, 2024

Witness Chain

Witness Chain’s first DePIN layer product, Watchtowers, uses Proof-of-Diligence (PoD) to incentivize compliance, cost-efficiency, and security, ensuring Watchtowers operate effectively with optimistic rollups.

And we’re live!
WitnessChain is proudly one of the first AVSs to go live on EigenLayer ♾
⏬🧵 pic.twitter.com/aVNYB4pYU3— Witness Chain (@witnesschain) April 11, 2024

Xterio

Xterio's MACH restaked rollups are similar to AltLayer's MACH, providing fast finality AVS. However, Xterio MACH supports its gaming OP Stack rollup, making it the first application rollup in a gaming context.

SECURE THE NETWORK!🔒
MACH AVS for Xterio L2 is now live on EigenLayer mainnet! We are now ready to onboard ETH delegators to bolster pre-confirmation for rollup transactions,
guarantee security against malicious participants, and drive decentralized validation of rollup states! https://t.co/t9N7Z5KPIw— Xterio (@XterioGames) April 11, 2024
Xterio, a leading Web3 gaming platform and publisher, offers five AAA games and has partnered with over 45 gaming entities, amassing a global community of over 2 million users and becoming the most successful NFT launchpad.

Xterio MACH allows game developers to build on the Xterio blockchain, enhancing gameplay without waiting for Ethereum transactions to complete, thus improving the gaming experience and enabling new types of blockchain gaming.

EigenLayer's introduction of these six AVS projects marks a significant step forward in the adoption and utility of restaking within the crypto ecosystem.