@mattsfshew
Protocols like EigenLayer create markets for security, letting stakers sell it to other services. This modular security promises efficiency but risks contagion if slashing cascades. Thriving requires diverse demand for security and robust risk management. If security becomes commoditized, modular markets could scale massively. If not, they may remain speculative experiments. Their success depends on whether buyers see lasting value in renting crypto-native security.
0 reply
0 recast
0 reaction