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Othentic and EigenLayer are entering into a partnership to accelerate the creation of novel distributed systems.
What is EigenLayer
EigenLayer is a protocol built on Ethereum that introduces restaking, a new primitive in crypto-economic security. At its core, EigenLayer consists of a series of smart contracts that allow users to opt-in to "restake" their staked ETH or liquid staking tokens (LST) to bootstrap new proof-of-stake (PoS) networks and services within the Ethereum ecosystem in return for additional staking yield/rewards.
EigenLayer's core objective is to unlock a new era of permissionless innovation and free-market governance by reducing developer complexity when building and bootstrapping these networks from scratch. This is done by leveraging Ethereum's established trust guarantees and economic security infrastructure.
Credit: Jonathan King
AVS Architecture
Actively Validated Services (AVS) - any system that requires its own distributed validation semantics for verification.
In order to leverage the EigenLayer protocol and the capabilities of restaking, AVS teams are required to develop critical low-level components, including but not limited to developing their customized consensus implementation, attestation submissions and auditing, diverse peer-to-peer and messaging mechanisms, protocol logics, and governance rules.
With standardization, this process can be less challenging and fragmented, enable more focus towards core service, and decrease overhead and engineering resources.
What is Othentic Stack
Othentic Stack orchestrates the development of low-level AVS infrastructure.
Imagine a canvas with all of the essential building blocks to spin up AVS, highly configurable and versatile in all aspects of AVS development.
Leveraging a library of production-ready components, AVS developers can focus on their core service and abstract away low-level implementations and error-prone infrastructure details.
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The Othentic Stack handles the low-level infrastructure, where AVS teams are required to develop two services: execution logic and validation logic, which can be written in any programming language.
Execution logic
Carried out by the AVS Operators who execute a task and provide proof of computation. After successfully executing a task, the node publishes the results via peer-to-peer networking for other AVS nodes to discover.
Validation logic
Carried out by the AVS Operators who validate a task via a quorum that votes on the validity of the executed task; each task must be attested as either "valid" or "invalid".
The Othentic Stack architecture, which includes a modular consensus engine, allows the execution and validation of any type of service, providing a foundation for a wide range of applications.
Partnership Details
There are two main objectives to EigenLayer collaboration with Othentic:
- Accelerate the shared security paradigm and decentralized Web.
- Make it simple for developers to leverage shared security to build high quality infrastructure, middlewares, and applications.
What’s next?
The Othentic Stack is an ever-evolving system. As work on the Stack continues, novel modules and components will be integrated and become available for developers to plug in and configure.
Are you interested in building an AVS?
Apply for early access → https://zvk25weryww.typeform.com/to/N7kPLNpE
Final Notes
This collaboration emphasizes the realization of what's possible when shared values and visions converge.
The future of Shared Security is not just in the code or economics, but is the people, contributors, and organizations that rally behind it. We’d like to thank Sreeram Kannan, Nader Dabit, Alan Curtis, Jessy, Wes Floyd, Soubhik Deb, the EigenLayer team, Adam Winnick, Kamal Mokeddem, Finality Capital team, Shared Security Alliance team, and to Jonathan King for his contribution to this article (https://paragraph.xyz/@cbventures/understanding-the-eigenlayer-avs-landscape).
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