EigenShield - EigenLayer Restaking Insurance
As of July’2024, EigenLayer has over $12 Billion in Total Value Locked (TVL). However, as the protocol continues to grow and scale, the number and complexity of issues pertaining to it’s security and fair operation has been on the rise.
To tackle all these issues, and let users be worry-free while using this protocol for restaking, Web3Shield has launched EigenShield that is the Restaking Insurance on the eigenlayer economy. It provides a One-Click Insurance option to end users, right at the time of performing any Re-Staking Transaction on any Operator or directly through EigenLayer’s interface. The insurance aims to provide coverage and protection against any of the black-swan events in EigenLayer economy including slashing risk, protocol risks, Operator malfunctions, etc.
Product Features
Insurance on the Go
insurance can be opted directly at the time of restaking on any eigenLayer operator or interface.
Fund Safety Guaranteed
users receive back funds safely even if operator malfunctions, slashed or contracts get hacked.
Seamless Integration
seamless integration with eigen-operators or interfaces without disrupting existing transaction flow
Providing Coverage For
Slashing Risks
loss of staked funds if any slashing event occurs
Operator Misbehaving
loss due to an eigen Operator misbehaving
AVS Malfunction
any malfunction or tech faults with an eigen AVS
Incorrect Yield
if the yield generation is not proper or incorrect
Centralization Risks
black-swan risks in eigen Layer centralisation
Protocol Level Risks
if a validator stakes same amount with multiple AVSs, etc.