Treasury Update 2

EigenLayer recently announced the launch of their mainnet stage 3 launch, as well as their native token, EIGEN. As of today, EigenLayer has over $14B in total value locked, placing it second, only behind Lido, for the highest TVL protocol in the entirety of DeFi. With stage 3, EigenLayer will focus on launching and incubating AVSs in the EigenLayer ecosystem.

Treasury Update

Babylon Report

EigenDA

Celestia is a modular blockchain that decouples the consensus and execution layers, which are traditionally intertwined in monolithic blockchains. Celestia's architecture is not just an incremental change but a fundamental rethinking of how blockchains are structured, aiming to serve as a foundational layer for both L1s and L2s.

Berachain is an innovative EVM-compatible Layer 1 blockchain built on the Cosmos SDK, featuring a distinctive consensus mechanism called Proof-of-Liquidity, Polaris EVM as their EVM framework, and CometBFT as their consensus engine. Berachain handles block building and block storage on Cosmos, while transactions and EVM runtime is handled using the Polaris EVM.

Validators are crucial participants in PoS networks. They are the ones responsible for validating transactions based on the network’s rules, and ensuring the security of the blockchain. In return for their work, validators receive rewards for their services.