EigenLayer

Redistribution is LIVE on testnet /eigenlayer 

Slashing just got a whole new purpose:
> Not just "slash & burn"
> Now: "slash & rebuild"

• AVSs can now repurpose slashed funds— not destroy them.

• Holesky, Sepolia & Hoodi testnets → ready.

Mainnet coming late June–July.

Redistribution is now live on Testnet.

AVSs can now redirect slashed funds instead of burning them, enabling new use cases like lending and insurance protocols. 

Live on Holesky, Sepolia, and Hoodi Testnets.

Mainnet coming soon.

More details 🧵 https://t.co/LBM9yeJUQU

Redistribution is LIVE on testnet /eigenlayer 

Slashing just got a whole new purpose:
> Not just "slash & burn"
> Now: "slash & rebuild"

• AVSs can now repurpose slashed funds— not destroy them.

• Holesky, Sepolia & Hoodi testnets → ready.

Mainnet coming late June–July.

https://x.com/eigenlayer/status/1930697135261143187?s=19

Innovating the Future 🚀| Web3 Enthusiast Learn and Build 🧑🏻‍💻| EigenAlpha /eigenlayer | fellow /dev3pack

Much better to burn I think. Why would I want to validate when the AVS is incentivized to slash me now?

No there is not a lot of slashing happening! But it's much needed now slash funds do not burn its use to rebuild!

Why would they do this? Was there a lot of slashing happening? Doesn't this skew the incentive to slash validators for BS technicalities?  Such a strange thing to put energy into