In an exclusive interview, Sreeram Kannan, the founder of EigenLayer and a pioneer behind restaking, discusses his project's goals as a new landscape for restaking emerges.
Sreeram Kannan was a professor at the University of Washington, Seattle, when he started working for its blockchain research lab in 2017.
On Ethereum’s plan to slow the rate of new validators coming on line, via the EIP-7514 proposal: “This is a super important thing for Ethereum to be conservative and not have an overflow.” So I read it as to not overload Ethereum social consensus, which is used only for forking the chain. And don't assume that you can build a protocol that, and because you're too big to fail, Ethereum can fork around that. So that's how I read it.
So I view restaking as just one particular use case of liquid staking, but actually reducing the risk of that one particular use case.I don't know. I'm glad people are talking about it. Of course, anything that adds new rewards to stakers is something interesting. But in the long term, if the total staking of Ethereum cannot grow, one of the things that happens is the total yield or the return that stakers are getting is bounded by the Ethereum staking, whereas in the presence of restaking there is a possibility for them to get some of these additional rewards. Other than that, it's pretty similar.
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