EigenLayer with Sreeram Kannan

Welcome to Devcon 6. The first Devcon for Bankless, the conference was a ton of fun and an amazing cultural experience in Bogota, Colombia.
We’re speaking with Sreeram Kannan about EigenLayer, a platform to leverage Ethereum security through the innovative method of restaking.
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Resources:
Sreeram on Twitter: / sreeramkannan
EigenLayer: www.eigenlayer.com/
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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
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[@btlakoff1]

This is great. Great discussion and really well done (love the set!)

[@powerralley]

I was hoping for this one. Such an evolutionary idea if they can make it work.

[@cryptowild]

Great podcast with very simple and clear vision what EigenLayer is! Thank You Guys 😎

[@vita2630]

This is great!

[@InvestorAwesum]

Amazingly beautiful and adorable and cute 😍🥰 project.

[@bahbah4638]

Wow, this would truly be an epochal shift!

[@Virajjj97]

Crazy stuff

[@ReneSalasDesign]

🤯

[@mvrak]

Eigenlayer projected costs for a new chain? Need to see an AVS case study 😀

[@Jliax1]

This will put the eth chain and stake at risk. Seems better suited for L2 to be honest.

[@Unvaccinatedpureblood]

Two concerns. 1. Is there a proof that this works? Without a proof, I think the possibility of it getting hacked is very high. 2. Would this introduce instability into the Ethereum consensus layer?

[@TPGodlike]

what do you mean proof that this works? if you run a ethereum validator you run additional eigenlayer software and you set your withdrawal address to a smartcontract that says "in addition to your validator duties, now you also have to do x,y,z and if you act maliciously in a defined way, this contract will burn your eth" its pretty simple... so yes ofc. it will work. Means we wont need completely seperate blockchains like chainlink anymore for Oracles and stuff because we can just use the ethereum trust for it.

[@droydi]

@@TPGodlike big jump to say we won't need Chainlink anymore, especially when you ref to it is a blockchain. Chainlink is not a blockchain, and it if anything adding something like this as an extension could enable existing Chainlink node providers who also run Ethereum to have extended security guarantees.

[@ricotaline]

@@TPGodlike Hey, I don't understand your last point. Why are you talking about Chainlink and oracles ?

[@allanjunli]

Isn’t this the interchain security of the cosmos hub?

[@luccanascimentobenedetti6382]

Nice quality! you guys should invest in better filming equipment

[@lilreinforcement4166]

Don't trust verify

[@vinisr12]

My BS meter is red lining

[@and1play5]

calls eigenlayer bs, just leave crypto lol

[@elcrucius]

Why tho 🤣 Literally didnt catch one red flag, the protocol isnt even out yet, the guy isnt tryina shill a token. If u just wanna hate for the sake of hating, get a life.

[@vinisr12]

If you can't see what's wrong with ponzinomics on a shared/outsourced security, that's on you. But please, praise the wolf under the sheep clothing.

[@TPGodlike]

@@vinisr12 there is no outsourced security its doing the exact opposite, its using the ethereum trust so that we DONT need outsourced security for example for Oracles. so this makes something like Chainlink with its seprarate blockchain and coin pretty much obsolete. i dont think you fully understood what eigenlayer is trying to do

[@droydi]

@@TPGodlike So close, yet no potato.. I'll repeat myself here; big jump to say we won't need Chainlink anymore, especially when you ref to it is a blockchain. Chainlink is not a blockchain, and it if anything adding something like this as an extension could enable existing Chainlink node providers who also run Ethereum to have extended security guarantees.

[@MikeAF]

We want more trustLESS things. You need to rewire your brain to that line of thinking.

[@wenmoon448]

jeet skem probability 5/10

[@Peperesearchh]

get a life bruh

[@Peperesearchh]

bullish on indians

[@ricotaline]

Bullish on Indians, French (living outside of France...), Israélites and arabs people :)

[@Virajjj97]

Hahaha I swear

[@Jliax1]

this guy is american