The Voice of Innovators in the Crypto Assets Industry: An In-Depth Exploration of the Ethereum Stake Landscape

The development of the Crypto Assets industry cannot be separated from the long-term efforts of builders. To deeply explore the stories and perspectives of these industry pioneers, a series called "Buidlers' Voice" has emerged. This program focuses on outstanding leaders in the Crypto Assets field and discusses how they shape the landscape of Web3 in this vibrant and rapidly evolving industry.

From the technological innovations of mainstream crypto assets like Bitcoin and Ethereum to the application of other emerging technologies, the program will explore how these innovations are changing the global economic system and the crypto market. Additionally, it will focus on the regulatory challenges facing the industry, market trends, and how to cope with volatility. "Buidlers' Voice" is not only a sharing platform but also a bridge connecting ordinary users with industry insiders, helping everyone better understand this complex and fascinating field.

In the latest episode, we were honored to invite Su Yang, the head of the Asia-Pacific region at Eigen Foundation. Here are some highlights from the conversation with Su Yang.

Milestones and Development of Eigenlayer

Su Yang first shared the three major milestones achieved by Eigenlayer this year:

1. Secured $100 million in Series A funding led by well-known investment institutions, validating its strategy and supporting large-scale operational expansion.
2. Successfully launch the mainnet, allowing stakers to fully understand the actual operation of Eigenlayer.
3. Launch the EIGEN token, originally designed as a non-transferable token to ensure its secure use within the ecosystem.

AVS Ecosystem and Ethereum Staking Landscape

Su Yang explained the concept and importance of the AVS (Active Verification Service) ecosystem. AVS allows protocols that require economic security guarantees to utilize the Eigenlayer network, particularly proof-of-stake protocols. This creates a diverse ecosystem that includes partners supporting rollup services and projects dedicated to key functionalities such as data availability.

Innovation of Permissionless Staking

Eigenlayer introduces an innovative concept of permissionless staking, allowing more projects to utilize native tokens for staking, creating a more vibrant and secure environment. From initially focusing on ETH as the primary staking asset to introducing ERC-20 tokens as re-stakable assets, Eigenlayer is expanding participation and enhancing the security of the AVS ecosystem.

Future Development Plan

Su Yang revealed Eigenlayer's development plan for the next 6 to 12 months:

• Introduce programmatic incentives
• Expand token governance
• Introduced a reduction mechanism to enhance protocol security
• Prepare new partnerships

Community Interaction Q&A

During the Q&A session, Su Yang answered questions regarding the role of Eigenlayer tokens, the security of staked assets, the ambassador program, and strategies for the Asian market. He emphasized the importance of tokens in providing economic security and driving the incentive mechanisms of the ecosystem, and mentioned that a plan is underway to launch the ambassador program to attract more people to actively participate in the ecosystem.

For the Asian market, Su Yang stated that this is an important strategic direction. Eigenlayer is designing plans more suitable for the region and hopes to see more developers, ecosystem supporters, and advocates emerge from this area.

Through this conversation, we gained an in-depth understanding of Eigenlayer's innovative efforts in the Ethereum staking space, as well as its grand plans for future development. As the crypto assets industry continues to evolve, projects like Eigenlayer will continue to drive technological innovation and shape the future landscape of Web3.