EigenLayer to Launch Slashing Feature on April 17
EigenLayer announced that the long-awaited feature of slashing will launch on April 17. This addition completes the protocol’s functionality, allowing it to penalize bad actors within its restaking system.
- EigenLayer allows Ethereum users to secure additional protocols by recommitting staked Ether.
- Slashing enables Actively Validated Services (AVSs) to impose penalties and rewards based on operator performance.
- The platform has attracted over $15 billion in its first year and generated interest in the EIGEN token, which debuted in October.
- More than 100 AVSs are currently in development, including EigenDA and ARPA Network.
- Lack of slashing functionality previously allowed competitors like Symbiotic to gain market share.
This implementation is seen as a significant advancement for EigenLayer's ecosystem.