- According to Eigen Labs, permissionless token support for the EigenLayer protocol is being rolled out.
- The new functionality will allow any ERC-20 token to be added as a restakable asset and will debut on the mainnet the following week.
EigenLayer, an Ethereum restaking project, is expanding the protocol’s support for permissionless tokens.
According to Eigen Labs, in a post to X, this feature will allow any ERC-20 token to be added as a restakable asset. It also expands the range of assets that can enhance the security of decentralized networks and unlocks the cryptoeconomic security of an infinite number of ERC-20 tokens on the EigenLayer protocol.
Eigen Labs said that after a first test phase on the testnet, it will start a mainnet rollout the following week. The company added that user interface support for restakers will be implemented later in Q3.
Earlier this year, private capital firm Andreessen Horowitz invested $100 million in Eigen Labs, the primary development team behind the EigenLayer protocol. DefiLama claims that the project’s assets are currently valued at over $12 billion in total.
With EigenLayer’s protocol, users can allocate their ether stakes to economically safe third-party protocols by either natively restaking validators’ ether stakes or by using liquid staking tokens.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
