EigenLayer, Crypto’s Biggest Project Launch This Year, Is Still Missing Crucial Functionality

Tyler Spalding, CEO / Co-Founder, Flexa, 2Chainz and Zack Seward, Deputy Editor-in-Chief, CoinDesk


In EigenLayer’s current, arguably still larval state, however, EigenDA relies on a strikingly conventional security model. The protocol is controlled by a globally distributed set of operators, but they won’t be financially punished if they act dishonestly – a core component of EigenLayer’s purported security model. The protocol also won’t pay out rewards to depositors, which is supposed to be the main incentive for restaking.


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