Your app is only as verifiable as it's most centralised component.
If you're building on the verifiable cloud, you need to ensure there are no trusted enities in the entire architecture.
Keep building 🏗️🏗️🏗️
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geigen
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my career path:
-> tried my hands in racecar engineering in freshman year of uni
-> moved to tech, started learning blockchain and gave hackathons
-> got an internship at PUSH protocol
-> tried learning about zk and got into the yAcademy zkFellowship
-> got an internship at eigenlayer
-> became an ethereum protocol fellow and researched about consensus mechanisms
-> finally joined Othentic as a full-time engineer
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In nature, coordination always wins.
Game theory PoV:
https://x.com/0xpanicerror/status/1930536868287795564?s=46&t=D-dvw6kYKo9kTzbbac7lwg
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Just realised I haven't introduced myself in the channel yet. Trying to be more active on Farcaster now 😅
I'm Yash and I have been deep into the eigen ecosyetem for the past 2 years. I started out by giving an audit contest on Code4rena (didn't find anything) and then participating in the eigenlayer research fellowship.
That helped me land a breif internship at EigenLayer where I researched about potential AVS ideas and LRTs. Currently I work at Othentic which is an AVS development framework.
I would love to help anyone who'd trying to build an AVS or just wanna have a chat about anything restaking. AMA
Geigen
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An AVS is just a linear combination of these 3 fundamental tasks:
- Proof of Data: verifying a given piece of data is accurate (oracle)
- Proof of Liveness: verifying a given event took place (automation)
- Proof of Execution: verifying a pure computation that cannot happen on-chain (AI inference)
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The new /eigenlayer redistribution model is a game changer in designing consensus protocols. In a PoS network you must develop an incentive structure such that it's in everyone's interest to follow the rules.
This is achieved by setting (cost of corruption) > (profit from corruption).
But this assumes that everyone plays rationally. If a malicious actor decides to attack the network nonetheless, stakers will still lose money.
ELIP#006 ensures that these slashed amounts can be redistributed amongst the affected parties to make them whole. This elimantes any risk for honest actors because even if users lose all the extractble value, there will still be enough slashed assets to make the creditors whole.
This is analogous to over-collaterilised lending protocols like Aave where there is no risk of borrowers defaulting on their loans.
Risk-free Insurance!
