Wolfgang Vitale (w4vitale)

We had Justin Drake on the VERIFIED Podcast on Ether the asset. Here below my main takeaways on 1) ETH moneyness, 2) Ethereum's monetary policy and 3) main narrative or value proposition. Check out the link below to hear directly from him on these and more topics. https://www.youtube.com/watch?v=lrFgjOc_Gkw

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Restaking and EigenLayer from first principles 1/14 As the restaking conversation is moving to LRTs and risks, let's take a step back and ensure we have the basics covered! - Why do we need AVSs? - What is programmable staking? - How is it implemented in Eigenlayer? - What can you build on top?

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2/14 EigenLayer manages decentralized trust, and in particular cryptoeconomic security. Decentralized trust is the base layer needed for all decentralized applications. Without a solid decentralized base, you can't build applications that provide different value from centralized counterparts.

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3/14 Programmable staking is not the only way to access decentralized trust. There are plenty of options with different advantages and drawbacks.

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4/14 Programmable staking (as a more generic form of restaking) is a way to rent cryptoeconomic security by adding slashing conditions to pre-existing assets.

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Restaking and EigenLayer from first principles 1/14 As the restaking conversation is moving to LRTs and risks, let's take a step back and ensure we have the basics covered! - Why do we need AVSs? - What is programmable staking? - How is it implemented in Eigenlayer? - What can you build on top?

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