Original author: Haotian (X: @tmel0211)

Setting aside the 'neutrality' impact of the core members of the ETH Foundation advising @eigenlayer, in terms of its technical value, from a long-term perspective, Eigenlayer's importance to the future development of Ethereum is truly significant. To avoid everyone falling into the emotional misjudgment of 'hating the crow and the house,' I will share some personal insights for reference:

1. Many people are aware of the value of Lido to the Ethereum ecosystem. It manages a group of Validators, dropping the high threshold of 32 ETH required for users to participate in the Node, and avoiding the complex Node system maintenance. At the same time, stETH can release Liquidity to avoid asset lock-up.

Overall, Lido has increased the total staking rate of the Ethereum POS network, enhancing network security. In simple terms, Lido has strengthened the internal security and defense system of Ethereum.

In contrast, Eigenlayer aims to enhance the 'external' influence and security consensus service capabilities of ETH Bank. On the one hand, it leverages the security stake already staked on the LSD platform, allowing some enhanced validators to serve multiple application networks at the same time and radiate security influence to the Rollup ecosystem outside of ETH Bank in particular.

Essentially, Eigenlayer builds a "Secure Market for Programmability", allowing the core security resources of ETH to be allocated on demand, thereby enhancing the market position of ETH's secure Settlement layer under the trendy chain of thought of "modularity" and "chain abstraction".

To some extent, Eigenlayer strengthens Ethereum's external recruitment and influence system. Zheng He's voyages to the West were not obvious during the Ming Dynasty, but they were deeply felt during the Qing Dynasty.

2. Let the assets staked again, and the same assets have two layers of security attributes. On the surface, Eigenlayer adds a layer of 'leverage' to ETH square. But from Decentralized Finance, Non-fungible Token, Metaverse to the new cycle's layer 2, the underlying core logic of the original ETH square token pump is one: innovative events drive Fomo emotions, triggering network congestion and then giving birth to ETH deflationary stimulation pump.

The governance of Decentralized Finance, Non-fungible Tokens, and the logic of Mining farming and Yield with golden shovels have been criticized as a "Matryoshka" game, but it doesn't affect the significant impact they have had on driving the Ether network into a Bull Market.

From the initial layer 2 Rollup paradigm to the recent RaaS chain launch, it was originally following the logic of Ethereum's deflation. However, as I analyzed in my previous article, the abundance of blobs space and the low cost of layer 2 gas fees after the Cancun upgrade unexpectedly broke this 'market' logic.

So, the logic of 'deflation' in Ethereum does not work, and can only continue to follow the logic of 'leveraging' stacking.

In the long run, the Consensus status and influence of Ethereum will not be affected, and the market position of Ethereum will not be isolated by the demand for 'secure Consensus' outside the chain, 'modular' extension, and 'chain abstraction' integration. How to strengthen the commercialized output ability of Eigenlayer's secure Consensus is very important for Ethereum.

Only in this way can more ETH and various LST assets be locked to maintain Liquidity, consolidate the underlying security Consensus of the POS chain, and provide continuous rise momentum for Ethereum. Although this correlation logic is far-fetched, there are no other better options.

3. Recently, Eigenlayer founder @sreeramkannan and several layer 2 project researchers, including Optimism, had a Twitter debate. The topic of discussion is not unfamiliar: the technical Consensus VS social Consensus, which is more important? We often talk about the expanding strategic boundaries of ETH layer 2, the strategy becoming more and more out of control. Why?

Example: layer 2 @Optimism incorporates a social Consensus priority principle: leveraging resources with OP Stack technology in an Open Source framework, distributing benefits with OP Token as a unified strategic alliance, and addressing interoperability issues of the Superchain alliance through a centralized Sequencer shared by the unified security committee.

Doing so may work in the current phase, but it goes against the highest principle of "technology first", perhaps aligning common interests can reduce the possibility of individual wrongdoing, but this is not a reason to reject technical frameworks such as Decentralization Sequencer and delay implementation of fraud proof.

**Although Eigenlayer is a trap middleware network Consensus, its advocated concept is indeed "technology first." It allows validating Nodes to release a broader service capability and business scope through Tokenomics design, but its underlying logic remains POS stakeMining. Nodes must stake to participate in Consensus decisions, and if malicious behavior occurs, assets will be slashed. This is consistent with the core that Ethereum consolidates its underlying security capabilities.

Moreover, Eigenlayer's AVS has formed Decentralization Oracle, Decentralization Sequencer, Decentralization DA, Decentralization preconfs, and other network Consensus layers, which will have obvious complementarity with the loose layer 2 dominated by social Consensus.

Therefore, it is crucial for Eigenlayer to adhere to the 'technology-first' Consensus principle in its ETH Rollup-Centric strategy.

Above.

As a composable on-demand allocation type 'commoditized security consensus', Eigenlayer gives Ethereum ecology great ecological flexibility, which is a powerful weapon for Ethereum to face various high-performance chain external competition.

In short, optimistically speaking, even though Eigenlayer's story is very elusive at the current stage, without this layer of technological business expansion story, how can Ethereum support its future position as the center of the blockchain public chain?

Don't always FUD, give it a little patience and time.