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Shibun
@rektguy
Gm You have heard of Rollups. What about Restaked Rollups? Built on Eigenlayer by altlayer. An overview below.
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Shibun
@rektguy
Restaked Rollups are a set of three vertically integrated AVSs. Rollups builders can plug-in all three or one or two based on their requirement. The AVSs are- VITAL ( decentralized verification), MACH ( Fast Finality), SQUAD ( Decentralized Sequencing)
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Shibun
@rektguy
It is common to note that Restaked Rollups are only possible due to Eigenlayer. Stakers / operators stake tokens on Eigenlayer to serve AVSs. Now AVSs delegate work to operators and reward them for their service. But for malicious activity, a % of their stake is slashed.
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Shibun
@rektguy
Let's now go deep in each of the AVSs. 1. MACH Ethereum is the settlement layer for the entire crypto sphere. But we all know its slow tx confirmation ( 12 mins) is a massive blocker to scalability.
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Shibun
@rektguy
Although, sequencers via soft confirmations have tackled the problem. But there are a few issues with them too. >single point of control ( most are centralized) >doesn't inherit Ethereum's liveness >no economic backing
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Shibun
@rektguy
Altlayer came up with MACH to provide fast finality to Rollups backed by Ethereum security via Eigenlayer. > fast confs for L2 txs > cryptoeconomically backed > ZK & ORU both supported
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Shibun
@rektguy
2. SQUAD Most Rollups today use Centralized Sequencers. For well-known general-purpose rollups it is not a big issue because of their reputation. But new app-specific rollups can exploit users in various ways ( MEV, change tx order etc)
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Shibun
@rektguy
Another issue is related w/ RaaS providers. They make Rollup deployment a cakewalk w/plug-n-play tools. Here centralized sequencing & execution are the main revenue sources. So RaaS might lock their clients & exploit later . Moreover the process is closed, against web3 ethos.
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