EigenCloud
Restaking protocol on Ethereum enabling staked ETH to secure additional services (Actively Verifiable Services, AVSs), now rebranded as a verifiable cloud for AI and compute.
What is EigenCloud?
EigenCloud, formerly EigenLayer and launched in 2023, is an Ethereum restaking protocol allowing staked ETH (or LSTs like stETH) to underwrite Actively Validated Services (AVSs) like oracles and bridges, unlocking yields up to 10%. Users restake via smart contracts for slashing-secured guarantees, with operators earning fees; it supports hundreds of assets and scales via EigenDA (data availability layer).
Related Terms
FDV
The total potential market capitalization of a digital asset if all tokens in its maximum supply were circulating at the current price.
Buy Side
The portion of the order book listing aggregated buy orders at various price levels.
Consensus Algorithm
A consensus algorithm is a mechanism used by a blockchain network to achieve agreement among nodes on the validity and order of transactions in a decentralized system.
OCO Order
A paired order where executing one automatically cancels the other.
Margin Call (Lending)
A notification to borrowers to add collateral or repay part of a loan to restore a safe LTV ratio.
Restaking (Ethereum PoS)
Restaking on Ethereum’s Proof-of-Stake (PoS) enables staked ETH to secure additional protocols via EigenCloud (previously EigenLayer), earning extra rewards while extending Ethereum’s cryptoeconomic security.