Eigenlayer Review & EIGEN Token - Strong Potential Or Massive Risk?

"The largest ABS is Igan da igen layer's data availability layer igen da launched as part of igen layer's final main net launch and its initial purpose was to provide the data infrastructure required for igen layer itself to function igen da is also used for other things like supporting ethereum layer 2os for example without getting too technical a layer twos need data from ethereum to process transactions fetching this data is expensive due to ethereum's high gas fees although less so after the denune upgrade fing ethereum data from data availability protocols like end instead is cheaper and faster and I'll note that yes at a technical level ethereum layer 2s that use data availability layers instead of ethereum are technically validium so no need for the wise crack comments now this would explain why Igan da is the only ABS offering an additional yield of 1% on the restate eth logically this means that any e being restak with operators that support the Igan da ABS will earn an additional 1% on E staking yield and given that this is currently around 3.3% it will bring in around 4.3%"

"slashing on igen layer won't come until Q4 of this year"

"Eigen staking and governance aren't live at the time of shooting and will likely come after the slashing"

"they are also planning a series of incentive programs one of which is currently ongoing although igen ler doesn't have a road map it looks like it's going to keep developing additional abss besides IG da and this is something we've gathered from watching interviews with and presentations by Sim and the igen ler website even seems to have a sort of a list of abss that could be coming up the first is data availability which is of course already live the second is decentralized sequences for layer tws which are badly needed the third and fourth relate to optimized bridging which is also badly needed among ethereum's layer 2os meev management and single slot finality are two others that stand out"

"the Igan da website notes that it plans to continue scaling its throughput to accommodate any and every use case that requires data availability and apparently not just on ethereum"

"Sim specified in that aforementioned interview that they were only working on ethereum and had even rejected requests to work on other crypto projects"

"the only reason that eth is being restak in igen layer right now is for farming purposes be it on igen layer or the liquid restake in protocols built on top of it news flash but this isn't sustainable in the absence of organic yield from abss resters will only be incentivized by artificial yield coming from token rewards and these are only valuables so long as the crypto Market is rallying and investors are aping into the tokens being given out as rewards"

"Make no mistake this could be the next big thing or it could be yet another unsustainable crypto protocol"