EigenLayer (CRYPTO:EIGEN) has introduced its second EigenLayer Improvement Proposal (ELIP-002), bringing updates aimed at improving accountability and operational efficiency within its ecosystem.
The proposal introduces a slashing mechanism designed to penalise operators who fail to meet their service obligations, such as through computational errors or service downtime.
In addition to slashing, ELIP-002 features two new components: Unique Stake and Operator Sets.
Unique Stake enables Application Verification Services (AVSs) to allocate specific stakes for operators, allowing penalties to be adjusted according to the severity of the failure.
Operator Sets organise operators into groups, simplifying the enforcement of slashing rules and ensuring smoother implementation across different services.
With these updates, the proposal aims to enhance the EigenLayer ecosystem by promoting reliability and transparency.
The team has called for community feedback on the proposal to ensure it meets the needs and expectations of its users.
EigenLayer, with $18 billion in total value locked (TVL), is a key player in the restaking space, which has become an important model for blockchain security.
Restaking allows protocols to rely on restaked assets instead of creating new tokens, reducing entry barriers for decentralised applications (DApps) and supporting innovation.
This update coincides with the Eigen Foundation's pledge to allocate 1% of its EIGEN token supply to the Protocol Guild, a group focused on supporting Ethereum’s (CRYPTO:ETH) Layer 1 research and development.
The Protocol Guild consists of over 180 members from 29 teams, working to improve Ethereum’s security and ensure its long-term sustainability.
At the time of reporting, the Eigenlayer price was $5.02.