EigenLayer Bolsters Security Amid Looming Threat, Here’s What to Know

Source Bitcoinist
Jun 24, 2024 10:00

EigenLayer, a popular provider of decentralized infrastructure, has declared a noteworthy improvement to the security of its EiganDA platform. The primary aim of this update is to strengthen defenses against Sybil and Distributed Denial of Service (DDoS) attacks by putting Whitelist Security mechanisms in place.

EigenLayer’s EigenDA Platform Undergoes Security Advancement

During the weekend, EigenLayer’s EigenDA announced its plans to enhance the platform’s defense mechanism with Whitelist Security measures to fight against looming Sybil and DDoS attacks. This action is a part of Eigenlayer’s larger plan to strengthen its network against possible weaknesses and offer users and developers a stable environment.

According to the platform, to guarantee improved security and safe access to the service, the whitelist security mechanism uses either an Internet Protocol (IP) address or Ethereum‘s Elliptic Curve Digital Signature Algorithm (ECDSA) authentification.

In the rapidly changing world of decentralized applications and blockchain technology, these steps are essential to preserving the network’s dependability and integrity. By pre-approving reliable nodes and users in the EiganDA network, the whitelist security technique lowers the possibility that malevolent actors may try to interfere with operations by using Sybil or DDoS attacks.

EigenLayer’s current free permissionless tier offers 6 blobs of 128KB per batch, for a total of 768KB every 10 minutes. Specifically, this is more than what the majority of Ethereum rollups such as Base are currently using.

It is important to note that EigenLayer’s EigenDA is capable of executing load testing on the mainnet at peak throughputs of up to 10 MB/s. EigenDA continually generates 0.6 MB of synthetic load per second compared to Ethereum’s 4844 blob throughput and Celestia mainnet with 0.032 MB/s and ⅙ MB/s respectively.

Presently, the platform is developing permissionless payments for EigenDA’s blob throughput, which is scheduled for release later in the year. When this system is deployed, EigenDA will also provide reserved bandwidth for high throughput use cases at a predetermined rate.

Second Phase Airdrop For LRT Users

EigenDA’s security update comes just a few days after the platform launched the second phase of its season 1 airdrop for Liquid Restaking Tokens (LRTs) users. According to the announcement, users who engaged with Kelp, Pendle, and Equilibrium LRT protocols can now claim their tokens.

Based on interactions with EigenLayer, the foundation stated it reserved allocations for each LRT procedure, applying no fines and adhering to the same standards as in Phase 1. The platform highlighted that the EIGEN stake drop was determined by each LRT protocol with respect to its final user while performing Sybil and risk valuations to determine eligible addresses and claims. 

Users who interacted with these protocols prior to March 15 are eligible to claim their tokens before September 7. Additionally, every participant from the stakedrop’s first phase is also qualified to make a claim and all new phase 2 participants, who staked before March 15 will receive an additional 100 EIGEN.

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