Prom and EigenLayer: Enhancing Network Security Through Staking

In the rapidly evolving world of blockchain technology, network security and scalability are paramount. Recognizing the need for robust and efficient solutions, Prom has taken a significant step forward by joining the EigenLayer mainnet as an Operator. This partnership represents a major milestone in our ongoing journey to build a more efficient and scalable blockchain network.

Understanding EigenLayer

EigenLayer is a revolutionary protocol that introduces the concept of restaking, allowing staked ETH to be utilized as cryptoeconomic security for multiple protocols beyond Ethereum. This innovative mechanism enables the secure and efficient redistribution of staked assets, ensuring that networks can benefit from enhanced security without the need for additional staking infrastructure.

The Role of Restakers and Operators in EigenLayer

The EigenLayer ecosystem is composed of three main entities: Restakers, Operators, and Developers. Each plays a crucial role in maintaining the integrity and security of the network.

• Restakers: These are participants who stake their ETH across multiple protocols simultaneously. Restaking allows them to earn protocol fees and rewards by providing cryptoeconomic security to various protocols. Both natively staked ETH and liquid staked tokens, such as stETH, rETH, cbETH, and LsETH, can be used for restaking.
• Operators: Prom has now joined EigenLayer as an Operator. Operators are responsible for managing and securing the network by utilizing the restaked ETH to bolster security across multiple protocols. This ensures that the network remains robust and resilient against potential threats.
• Developers: These are the innovators building on the EigenLayer protocol, creating new applications and solutions that leverage the enhanced security provided by restaking.

How to Delegate $EIGEN to Prom

As part of our commitment to providing a secure and scalable network, Prom invites the community to delegate their EIGEN tokens to our protocol. By doing so, participants can contribute to the security of multiple protocols and earn rewards in return. Here’s how you can initiate delegation:

1. Choose Prom from the List of Available Operators: Visit the EigenLayer mainnet and select Prom from the list of available Operators. This will direct your staking power to our protocol, enhancing the overall security and efficiency of the network.
2. Delegate Directly Through the Prom Operator Page: For a more direct approach, you can delegate your EIGEN tokens through the Prom Operator page. This streamlined process ensures that your tokens are quickly and securely restaked to benefit the network.

Benefits of Staking with Prom and EigenLayer

By participating in the EigenLayer ecosystem and staking with Prom, you gain several advantages:

• Enhanced Security: Your staked assets contribute to the cryptoeconomic security of multiple protocols, ensuring a more resilient and robust network.
• Increased Rewards: Restakers earn protocol fees and rewards by providing security to various protocols. This incentivizes participation and ensures that the network remains secure and efficient.
• Flexibility and Efficiency: Restaking allows for the efficient redistribution of staked assets, reducing the need for additional staking infrastructure and enabling participants to maximize the utility of their staked ETH.

Conclusion

The partnership between Prom and EigenLayer marks a significant advancement in our quest to build a more secure and scalable blockchain network. By joining EigenLayer as an Operator, Prom is committed to enhancing network security and providing our community with the tools and opportunities to participate in this innovative ecosystem. We invite you to delegate your EIGEN tokens to Prom and join us on this exciting journey towards a more efficient and secure blockchain future.