u--1: EigenDA

EigenDA AVS on EigenLayer

EigenDA

Total restaked ($)
info
Total value of restaked assets (excluding EIGEN)
:
$8.32B
ETH restaked
info
Total restaked beacon ETH and LSTs, denominated in ETH
:
3,402,334.811
Total operators: 210
Total stakers: 89,490
Weekly rewards
info
Total weekly rewards shared between restakers
:
none

What is EigenDA?

EigenDA is a data availability solution with 10 MiB/s of write throughput and the lowest cost in its class. The system's design is inspired by Danksharding, which promises to scale Ethereum's DA beyond EIP-4844. EigenDA is available today. Learn more at https://docs.eigenlayer.xyz/eigenda/overview/

Twitter, Website, Contract, EigenLayer

address: 0x870679e138bcdf293b7ff14dd44b70fc97e12fc0

Risk analysis (beta)
risk analysis by tokensight

AVS

Business Model

Dual Staking + Rollup Custom Quorum
low risk

EigenDA uses Dual Staking of ETH and EIGEN, where EIGEN stakers can be forked for data availability assurance. Rollups are also allowed to integrate their own token quorum so that DA commitments are validated by both the default EigenDA quorum and the custom rollup quorum.

While native rollup staked tokens and the unknown DeFi risk profile of EIGEN may introduce moderate initial risks, the strong quorum composition establishes a robust business model, where all quorums must be compromised in order for EigenDA to fail, which appears challenging to execute.

Protocol Security

Code Audits & GitHub Code Coverage
medium risk

One code audit performed by one entity only.

Code coverage percentage measures the extent of EigenDA code tested by automated tests, calculated as the ratio of tested lines or branches to the total in the codebase. Higher percentages suggest more comprehensive testing and a reduced likelihood of latent bugs in EigenDA. It sits at around 55%, as of 9/17/2024.

view github

Operator Profile

Reputation & Entrenchment Status
high risk

Since we are at the very early stages of EigenLayer, operators' performance reputation was classified as unknown. Operator's entrenchment level indicates how entrenched EigenDA's operators are validating other AVSs. The small number of AVSs currently live helps exacerbate this risk, in a pooled security context.

All AVSs are assigned a high operator profile risk at this early stage.

view full operator list

EigenDA Protocol

Rollups

Blob Sequencer Decentralization & Bandwidth Reservation
low risk

EigenDA allows rollup nodes to interact directly with a majority of EigenDA nodes, alleviating centralization pressures by bypassing the need for a single leader to order the data. Existing solutions rely on a single leader to sequence blobs, introducing a potential censorship chokepoint.

Furthermore, rollups on EigenDA can now reserve a chunk of bandwidth (1MB/s, e.g), helping alleviate current data congestion issues, surge pricing, and fluctuating gas fees — throughput is greatly increased as a result.

Disperser

Disperser Communication & Security Status
low risk

EigenDA's Disperser sends blobs straight to its operators through direct communication (unicast). In traditional methods, operators receive data blobs from peers and re-broadcast them to others, impacting liveness. Furthermore, the Disperser is built on KZG commitments and multi-reveal proofs rather than fraud proofs, making it possible to instantly verify correctness of coding.

Disperser permissionlessness and DAS (data availability sampling) for data verifiability are next in the roadmap. Currently, EigenDA uses a single permissioned Disperser to send data to its nodes, causing a liveness bottleneck. Once permissionless payments go live, the Disperser will be made permissionless, allowing any rollup sequencer to operate its own. Additionally, its usage of KZG polynomial coding ensures compatibility with DAS, to enhance verifiability, on a next release.

For more details, check eigenda.wtf and its blob explorer here.

BFT Validator Profile

Decentralization & Security Status
low risk

BFT consensus imposes minimum thresholds of 1/3 and 2/3 validator agreement for liveness and safety guarantees, respectively.

EigenDA has introduced new low node requirements to promote decentralization and increased throughput. The minimum node requirement for validator participation is only 0.5MB/s (three orders of magnitude lower than current standards); the more stake delegated, the more node bandwidth becomes available.

At scale, TEE and DVT would potentially still be worth considering.

Have a question or feedback about AVS risks? Get in touch.

Operators for EigenDA (top 30)

# operator group TVL ETH EIGEN
1
ether.fi ether.fi
info
ether.fi-1 - Pier Two (264K ETH)
ether.fi-4 - Finoa (202K ETH)
ether.fi-3 - DSRV (189K ETH)
ether.fi-11 - Validation Cloud (144K ETH)
ether.fi-6 - A41 (116K ETH)
ether.fi-8 - DSRV (105K ETH)
ether.fi-5 - Cosmostation (83K ETH)
ether.fi-7 - Chainnodes (63K ETH)
ether.fi-9 - Nethermind (47K ETH)
ether.fi-12 (45K ETH)
ether.fi-10 - Node.Monster (32K ETH)
$3.15B 1.29M 1.34M
2
P2P.org [all AVS] P2P.org
$790M 323K 14.8M
3
Renzo Renzo
info
Renzo by P2P.org (69K ETH)
Renzo by Pier Two (63K ETH)
Renzo by Figment (62K ETH)
Renzo by HashKey (57K ETH)
Renzo by Luganodes (53K ETH)
Renzo $EIGEN by P2P (2K ETH)
$749M 306K 413K
4
Puffer Puffer
info
Puffer - P2P (116K ETH)
Puffer - InfStones (34K ETH)
Puffer (23K ETH)
Puffer - Hashkey Cloud (22K ETH)
Puffer - A41 (17K ETH)
Puffer - CoinSummer (16K ETH)
Puffer - Everstake (15K ETH)
$595M 243K 1.60M
5
Eigenpie by P2P.org Eigenpie by P2P.org
$584M 238K 874K
6
Kelp Kelp
info
Kelp by Luganodes (119K ETH)
Kelp by Kiln (105K ETH)
Kelp by Omakase (2K ETH)
$553M 226K 62K
7
EigenYields EigenYields
$372M 152K 7.85M
8
InfStones Enterprise InfStones
$256M 105K 4K
9
Swell Swell
info
Swell - Luganodes (9K ETH)
Swell - Chorus One (9K ETH)
Swell - Finoa (9K ETH)
Swell - Everstake (9K ETH)
Swell - Pier Two (9K ETH)
Swell - A41 (9K ETH)
Swell - P2P (9K ETH)
$146M 60K 2K
10
Unit 410 [1A]
$118M 48K 848K
11
Kiln Kiln
$101M 41K 15.1M
12
Staked Staked
$99.8M 41K 1.76M
13
CoinSummer Labs CoinSummer Labs
$97.7M 40K 101K
14
InfStones InfStones
$90.8M 37K 1.51M
15
Galaxy Galaxy
$87.8M 36K 32K
16
AltLayer AltLayer
$84.3M 34K 2.39M
17
Arthapala Arthapala
$56.1M 23K 276
18
HashKey
$42.1M 17K 112K
19
RockX
$36.3M 15K 264K
20
Black Sand
$35.5M 15K 72K
21
stakefish
$23.4M 10K 263K
22
Chorus One
$20.3M 8K 266K
23
Figment
$19.6M 8K 143K
24
Unit 410 [2A]
$16.3M 7K 0
25
Nethermind
$15.7M 6K 273K
26
ChainUp Cloud
$14.8M 6K 765
27
Allnodes
$14.6M 6K 227K
28
Frax
$14.4M 6K 7K
29
A41
$10.2M 4K 144K
30
Unit 410
$9.87M 4K 2K

Research