Has anyone been reading up on EigenLayer? I want to be optimistic but it feels like a mistake given the current state of crypto with regulators. Any thoughts? 

https://mosaicnetwork.co/question/1687171119664x928665224380998900

Crypto payments for small businesses. Contributing to the mainstream use of crypto. @gogh
ongogh.com /shop-la

I still don’t understand the problem they’re solving

The only problem is externality pricing.

Building https://negationgame.com

From what I can tell, the use case that makes sense to me is to bootstrap your own POS network. A single Ethereum validator can validate transactions on multiple blockchains and use they ETH they staked as collateral for all of them. If they are validating Ethereum and XYZ, both would be able to slash the 32 ETH

And likewise, they would get double the rewards without needing to stake additional tokens on the new blockchain. They stake 32 ETH on EigenLayer, opt in to also use that stake as collateral on any other chain, and get the rewards from all of them. It would add up, but the risk grows exponentially

It’s for blockchain developers. Another layer 1 could join EiganLayer which would allow its users to secure that new L1 with funds the users already staked on Ethereum. So it doesn’t cost any more money to secure the new L1. It’s shared financial security across multiple chains.

Why do I want my own network? Lower transaction costs?