- Ethos’s collaboration with various liquid restaking protocols, such as EtherFi, Puffer, Renzo, Swell, and Kelp, to allocate ether stakes for securing Cosmos chains via EigenLayer.
- This partnership underscores Ethos’s commitment to leveraging existing ether stakes for enhancing the security of Cosmos ecosystem chains. It also demonstrates Ethos’s proactive approach to engaging with liquid restaking protocols to achieve its security objectives.
Ethos, a blockchain initiative poised as a “validated service” on EigenLayer, is collaborating with various liquid restaking protocols to bolster the security of Cosmos chains by allocating ether stakes. This strategic alliance has amassed commitments totaling $4 billion from platforms like EtherFi, Puffer, Renzo, Swell, and Kelp.
Positioned as an early use case within the EigenLayer ecosystem, Ethos aims to leverage re-staking and validation mechanisms to safeguard Cosmos ecosystem chains using existing ether stakes. Scheduled to coincide with the EigenLayer mainnet launch in the second quarter of this year, Ethos is currently in the testnet phase. According to an Ethos spokesperson, the project serves as a security coordination layer, facilitating the establishment of validator networks for Cosmos chains by harnessing the economic security of restaked ETH.
EigenLayer, in conjunction with Ethos, facilitates the deposit and re-staking of ether from diverse liquid staking tokens, with the objective of allocating these funds to fortify third-party protocols. Upon the launch of EigenLayer, ether deposits from stakers will be repurposed and restaked to reinforce other protocols, benefitting initiatives like Ethos.
These restaked ethers are delegated to AVS operators supporting Ethos, who subsequently assign them to a selected group of guardians within the Cosmos ecosystem to validate the Ethos Layer 1 chain, termed the “Guardian chain.” Through this process, stakers, known as LRTs, contribute their ether stakes and receive rewards in the native tokens of Ethos-secured chains.
Enhancing Security for Cosmos Ecosystem with EigenLayer’s Support
The collaboration between Ethos and liquid restaking protocols signifies a concerted effort to bolster security measures within the Cosmos ecosystem. With commitments totaling $4.7 billion, including substantial contributions from EtherFi, Puffer, Renzo, Kelp, and Swell, Ethos aims to reinforce the common security framework by redistributing staked ethers.
EigenLayer’s significant stake contributions, totaling over $12 billion in ether from stakers, primarily sourced from liquid staking providers, further amplify the security landscape. These contributions are redirected to actively validated services like Ethos, augmenting the restaking framework and mitigating potential threats through enhanced economic security measures.
The opt-in shared security mechanism enables Guardians to collaboratively validate or delegate responsibilities to secure various Cosmos chains, extending the security of re-staked ethers across the ecosystem. Projects like Sommelier and Infinity Chain leverage Ethos for security purposes, with Sommelier boasting nearly $70 million in total value locked. As a decentralized trust network or economic security augmenter, Ethos plays a pivotal role in fortifying the security infrastructure of Cosmos-based initiatives, ensuring the resilience and integrity of the ecosystem.
Ethos: Revolutionizing Data Ownership and Distribution
Ethos stands as a decentralized network akin to Bitcoin, revolutionizing the storage and sharing of valuable information. Offering transparency, control, and ownership over personal data and its dissemination, Ethos ensures that validation and maintenance are distributed throughout the data community, eliminating the need for conventional safe deposit boxes or commercial sites.
Much like Bitcoin transformed currency and BitTorrent reshaped media sharing, Ethos redefines the landscape for personal data. In this network, nodes are incentivized through various means, including collecting transaction fees, coinbase transactions, and proof-of-storage fees, all of which sustain the distribution of personal data.
These fees are transacted using the underlying cryptocurrency of the network, known as “PrivacyCoin.” In addition to the conventional proof-of-work mechanism that guards against “double spending,” nodes play a crucial role in maintaining shredded pieces of information, readily presenting them to the network upon demand.
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.
