EigenLayer launched their protocol on Ethereum mainnet today. Deposits are capped at 32 ETH/user and 3,200 ETH per the three whitelisted assets rETH, stETH and cbETH. For this first stage, users are not re-staking to any specific protocol, it is more so to test the staking contracts and build up a deposit base. Users earn “restaking points” but not clear on what those will entail.

In the second phase they will onboard operators who will start performing validation tasks. The launch is quite guarded, not just with the deposit limits but also a 3-5 multi-sig with a 10 day delay for upgrades and a 1-9 multisig for emergency pauses. The TVL limit for stETH has already been hit less than 2 hours after launch.