“One of many central bottlenecks to innovation in in the present day’s crypto ecosystem is the requirement for tasks to bootstrap belief, or cryptoeconomic safety,” mentioned EigenLabs founder and CEO Sreeram Kannan within the press launch. “We began engaged on EigenLayer within the hopes of making a brand new mannequin during which builders can simply eat belief, as a substitute of needing to construct belief, and design highly effective techniques of assurances that make the crypto ecosystem safer and extra helpful.” .