Ee Sheng Goh’s Post

About EIGEN DA! Hey, EIGEN DA: Data Availability, a protocol that sees dApps on Ethereum scale and perform better. Think of it this way: EIGEN DA solves the data storage and retrieval problem on Ethereum, making it: 1. Faster 2. More secure 3. Scalable This means Ethereum-based dApps can: 1. Handle more users 2. Process more transactions 3. Become more mainstream EIGEN DA is part of the EigenLayer ecosystem, which focuses on enhancing Ethereum's security, scalability, and usability. $EIGEN, is now available for trading on some exchanges including BingX. You can snag some more, bolster your holdings 🚀

If you're following the EigenLayer project, $EIGEN will be listed on BingX starting tomorrow, with deposits available from 04:00 UTC on September 30 and withdrawals starting October 1. EigenLayer allows ETH stakers and LST holders to restake their assets, extending Ethereum’s security to other protocols while earning additional rewards. This listing is a great opportunity for those who want to dive into restaking and explore EigenLayer’s role in securing decentralized networks. If you’re looking to participate or invest in a project that focuses on enhancing Ethereum's security and scalability, $EIGEN is one to watch.

EigenLayer introduces the concept of restaking on the Ethereum network, enabling individuals who stake ETH to generate additional rewards. One of our latest articles details our EigenLayer Public Operator, and includes information that restakers need to know. Learn more about our EigenLayer offering: https://lnkd.in/edAQt6cy

EigenLayer introduces the first concept of restaking within the Ethereum network, enabling $ETH stakers to unlock additional rewards. Discover the intricacies of Figment's participation in EigenLayer, the design of our Public Operator, and vital insights for those engaged in restaking in one of our recent articles. Dive into our EigenLayer public offering: https://lnkd.in/eD5sqhMt

Ethereum’s next network upgrade is expected to increase the maximum ETH from which a validator can earn staking rewards (known as MaxEB) from 32 ETH to 2,048 ETH. The change — arguably the biggest since the Shapella upgrade — is being made as Ethereum's validator count nears 1 million nodes and is designed to encourage consolidation among large-scale staking operators. Want to understand MaxEB and its implications better? Our new primer covers MaxEB basics, the rationale for the increase, and other considerations and downstream effects. 👉🏼 https://lnkd.in/dNPfjWvU

Milestone - Geth v1.14.0 - is out! Pathdb by default, live tracing, beacon light client, no more pre-merge nets, no more pending block and more! Please read through the release notes carefully, some changes might impact you and your projects. https://lnkd.in/dRUxgTzw #Solidity #Ethereum #Web3

Milestone - Geth v1.14.0 - is out! Pathdb by default, live tracing, beacon light client, no more pre-merge nets, no more pending block and more! Please read through the release notes carefully, some changes might impact you and your projects. https://lnkd.in/dZHG_hDf #Solidity #Ethereum #Web3

The number of Lido node operators (NOs) has nearly tripled increasing from 37 to 109 with the addition of 72 net-new operators. On Tuesday, April 16, 2024, the Lido DAO announced that the Lido protocol has officially launched the “Simple DVT Module,” which is a subset of Lido NOs that will be running distributed validator technology (DVT) to improve Lido’s decentralization and security. The Simple DVT Module is the first largescale implementation of DVT on Ethereum. It is a major milestone for DVT software providers like Obol and SSV, as well as for the Lido DAO that has been working for years towards meaningfully decentralizing its node operator set. While the amount of stake under management by these new NOs remain capped and small relative to the total amount of ETH staked through Lido, this is an impressive step forward for the adoption of DVT and the decentralization of the Lido protocol. Read more about the importance of this milestone for DVT providers, Lido, and the Ethereum staking ecosystem as a whole in this week's Galaxy Research Brief: https://lnkd.in/g4tcF8JJ

🌟 Governance Proposal: Increase Max Multiplier + Onboarding More Operators 🌟 We're excited to propose a significant increase in the max delegation room for CXT holders by boosting the staking max multiplier and onboarding additional BSP operators. Here's why this matters and how you can have your say 👇 🏛️ Governance Proposal: The Covalent Network is running out of delegation room for CXT holders. To ensure everyone can stake and earn emissions yield, we need to expand to reach 35% (~297M CXT) of the circulating supply. The goal is to strengthen network security, incentivize more participation, and boost overall ecosystem growth 🌱 🔧 Current Situation: With the Covalent Network nearing 100% delegation capacity, we’ve onboarded 5 new BSPs to open up more room, but demand continues to outpace supply.  • Previous Max Multiplier: 27x  • Current Max Multplier: 34x  • New Proposal: 40x 🗳️ Steps to Vote:  1. Navigate to the Snapshot page: https://lnkd.in/gFg-uXMs  2. Connect your Ethereum wallet on the mainnet.  3. Follow instructions and vote by signing a meta-transaction.  4. Voting weight is proportional to the amount of tokens held. Quorum: 10M CXT  Duration: 2 days Join us in ensuring security and stability of Covalent’s Ethereum Wayback Machine, addressing Long-Term Data Availability with modular data infrastructure ✨ 📜 Read the full post for details: https://lnkd.in/gsJwNVZp For all CXT token holders and stakers, vote here 👉 https://lnkd.in/gFg-uXMs

Tagus Bytes 10/06 EigenLayer, a restaking protocol, has achieved a milestone by surpassing $20bn in Total Value Locked (TVL), positioning it as the second-largest DeFi protocol after Lido. EigenLayer plays a vital role in liquid restaking protocols, where validators deploy Ethereum stakes to enhance the security of third-party networks. The protocol's TVL has surged from $1.3bn at the start of the year to $20bn, driven by increased inflows and Ethereum's price appreciation. Despite prior criticism over token distribution, EigenLayer has addressed concerns by ensuring a more equitable token distribution within its ecosystem, fostering continued growth and community support. Follow us on X! https://lnkd.in/dRQ7CSwi EigenLayer Daily Total Value Locked Tops $20bn: