Introduction

‍The decentralized future promises open, permissionless systems where value can flow seamlessly. However, as the crypto space matures, security challenges persist, and billions of dollars remain at risk. At Phylax, we believe that the solution to these challenges lies in verifiable, embedded hack prevention. That’s why we’re thrilled to announce our partnership with EigenLayer.

This partnership paves the way for the development of on-chain security bond markets through EigenLayer’s restaking infrastructure and the Credible Layer’s security enforcement capabilities. This will increase the capital efficiency in the security bond market and enable restakers to share in security fees. 

Enhancing Capital Efficiency with Security Bonds

In the traditional world of finance, bond markets provide critical infrastructure for managing risk and ensuring stability. In the crypto world, we see a future where security bonds can serve a similar function—providing protocols with a way to secure their ecosystems by staking capital against malicious behavior.

How It Works:

  • Restaking for Security Bonds: Through EigenLayer’s innovative restaking model, staked ETH can be used as collateral for security bonds.
  • Credible Layer Enforcement: The Credible Layer enables dApps to define their own security rules (assertions), ensuring that only transactions conforming to those rules are processed by the network.
  • Together: Protocols can leverage restaked ETH as a security bond, which is enforced by the Credible Layer, creating a powerful mechanism for proactive hack prevention.

What This Means for the Ecosystem

  • For Validators: New revenue streams through restaking and security bonds.
  • For Protocols: A scalable solution to secure their ecosystems without adding significant overhead.
  • For the Industry: A step toward trustless, verifiable security that users can prove instead of blindly trusting projects.

Join Us in Building the Future of Security

We’re just getting started. With this partnership, Phylax and EigenLayer are laying the groundwork for a secure, scalable future in crypto. If you're building on Eigenlayer and want to leverage security bonds or the Credible Layer, reach out to us below. We're launching our DevNet soon and offering white-glove service to dApps interested in early access to the Credible Layer.

Stay tuned for more updates, and follow us on social media as we continue to build! And please reach out here to leverage real hack prevention and make the AVS ecosystem safer.