The Ethereum Oracle; Staking live on EigenLayer mainnet
Since its inception, EO has been dedicated to solving one of the most critical challenges in the Ethereum ecosystem — the oracle problem. Our mission has been clear: to create an Ethereum-native oracle that aligns with the ethos of decentralization, transparency, and security that Ethereum itself embodies. This journey began over a year ago, in close collaboration with EigenLayer, to harness their groundbreaking restaking technologies and to utilize the globally diverse and decentralized Ethereum validator set.
Staking on Mainnet: First Milestone
Today, we're thrilled to announce that EO is live on the EigenLayer Mainnet! This launch marks a significant milestone in the journey for the EO network, ushering in a new era and one that includes an Ethereum native oracle solution. Here's what you can expect in the short term future from EO:
Phase 1 - Live Now: Staking and Operator Participation
As of now, EO is live for staking and operator participation on the EigenLayer Mainnet. Anyone can delegate their ETH to Operators, whom will help to validate the EO network. This phase focuses on bringing security to the EO network and establishing an early set of operators who will help form the backbone of the decentralized Ethereum oracle network.
Concurrent with our mainnet launch, we're excited to roll out the EO Points Program. This initial release of the points system is intended to be as simple and straightforward as possible, rewarding and aligning incentives for all who add value to the network through active and ongoing participation. We seek to value, recognize, and reward efforts made towards growing, securing, and decentralizing the EO network, maintaining our vision of community ownership. Learn more about the Points Program and how you can get involved here.
Phase 2 - The Future: Launch of the EO chain
Looking ahead, the next milestone will be the launch of the EO chain mainnet. This will expand our capabilities significantly, allowing for a fully operational decentralized oracle network that will support a wide range of applications directly on-chain. The EO chain will bring enhanced functionalities and greater flexibility for developers and users alike in integrating real-world data with the decentralized ecosystem. A top priority of this phase is permissionless integration with all of the top Ethereum rollup frameworks (Optimism OP Stack, Polygon CDK, Arbitrum Nitro, zkSync ZK Stack, etc).
Origins and Vision of EO
For those interested in learning more about the origins and the conceptual foundation of EO, please visit our launch blog post and our post on the Ethereum Research Forum. These provide more information on the journey of EO, some of our concrete design decisions, and our vision for the future of the Ethereum oracle. This launch of EO on EigenLayer mainnet is just the beginning, we invite innovators, developers, and Ethereum enthusiasts to join us as we continue to forge a path towards a more decentralized and cryptoeconomically secure Ethereum ecosystem.
