Consensys Decentralized Infura launches as EigenLayer AVS
Consensys Ethereum validation node provider Infura says it has made significant progress on its Decentralized Infrastructure Network (DIN), announcing plans to launch it as an Active Validation Service (AVS) on Ethereum reshoring platform EigenLayer.
“We continue to build on DIN's steady progress by leveraging Ethereum's economic security through EigenLayer,” Infura's DIN Product Manager Tom Hay said in an announcement at DevCon 2024 in Bangkok in November. 14.
DIN is a decentralized Web3 API marketplace or decentralized “app store” for blockchain infrastructure, a new way for developers to connect with Ethereum and other leading blockchains. It currently operates on several networks including Blast, Mantle, Starknet, ZKsync, BNB Smart Chain and Scroll.
Deploying DIN as an AVS with EigenLayer has several advantages, including reduced development costs, improved accessibility and reliability of Web3 services, a collaborative environment between vendors, and easier integration of new services into Web3 gateways.
EigenLayer founder Sreeram Kannan said building an AVS like EigenLayer “allows for license-free infrastructure provisioning, thereby expanding the marketplace, increasing reliability and reducing costs.”
DIN ecosystem actor interactions. Source: DIN Litepaper
Active Authentication Service (AVS) on EigenLayer is a decentralized service built on Ethereum that provides custom authentication methods for off-chain transactions. EigenLayer is an Ethereum rebalancing protocol that enables additional rewards for staked Ether (ETH).
The main goal of the distribution is to create a more accessible, reliable and efficient decentralized infrastructure for Web3 development while leveraging Ethereum's economic security.
Also, projects use EigenLayer's resizing as an on-board mechanism with stacking and truncation protection without needing to prematurely initialize simulations.
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EigenLayer's growth in Exploding in 2024, the total value locked in the re-protocol has grown 900% since the beginning of the year to $13.4 billion, according to Defilama. However, TVL has declined since peaking at $20 billion in early June, only seeing a recent surge in the last week or so as the price of ETH rose.
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