About EigenLabs
EigenLabs improves the utility and security of Liquid Staking Tokens (LSTs) through a process called "restaking," which allows users to reuse their staked tokens within the EigenLayer ecosystem. This service is aimed at blockchain developers, crypto enthusiasts, and institutional investors looking to optimize returns on their staked assets. Unlike competitors, EigenLabs also offers a decentralized data availability service called EigenDA, enhancing the efficiency of blockchain networks. The company's goal is to promote open innovation in the decentralized finance sector.
Seattle, WashingtonHeadquarters
2021Year Founded
$159.9MTotal Funding
EARLY_VCCompany Stage
Crypto & Web3, Financial ServicesIndustries
51-200Employees
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Home Office Stipend
Flexible Work Hours
Remote Work Options
Unlimited Paid Time Off
401(k) Retirement Plan
401(k) Company Match
Wellness Program
Parental Leave
Risks
Security breach in October 2024 exposed vulnerabilities in EigenLayer's infrastructure.
Potential conflicts of interest may undermine trust in EigenLayer.
Rapid upgrades could lead to user confusion and implementation challenges.
Differentiation
EigenLayer enables restaking of ETH across various decentralized applications.
EigenDA offers secure, high-throughput data availability on Ethereum.
EigenLayer enhances liquidity and utility of Liquid Staking Tokens (LSTs).
Upsides
Growing interest in Liquid Staking Tokens boosts EigenLayer's core offerings.
Kraken and BitGo integrations expand EigenLayer's market reach.
Rewards v2 upgrade increases flexibility and customization for users.
Funding
Total raised$159.92 M
Latest valuation$1.10 B
StageEARLY_VC
$100
$1.10 BSERIES A
1/31/2023$50
$250.00 M