EigenLayer testing permissionless token support, ERC-20 tokens to be added as restakable assets
Quick Take
- Eigen Labs said it is rolling out permissionless token support on the EigenLayer protocol.
- The new feature, launching on mainnet next week, will enable any ERC-20 token to be added as a restakable asset.
Ethereum restaking project EigenLayer is adding permissionless token support on the protocol.
"This feature will enable any ERC-20 token to be added as a restakable asset," Eigen Labs said in a post to X, adding that the move will expand "the scope of assets that can contribute to the security of decentralized networks" and unlock "the cryptoeconomic security of unlimited ERC-20 tokens" on the EigenLayer protocol.
After an initial "testing phase" on the testnet, Eigen Labs said it will initiate a mainnet deployment next week. "User Interface support for restakers will be added later in Q3," the company also said.
Earlier this year, venture capital firm Andreessen Horowitz invested $100 million in Eigen Labs, the core development team behind the EigenLayer protocol. The project's total value of assets is currently over $12 billion, according to DefiLama.
EigenLayer's protocol allows users to re-stake validators' ether stakes natively or via liquid staking tokens, allocating those funds to economically secure third-party protocols.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
