BPM Finance
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  • How do we select AVS's
  • Evaluation Criteria
  • Key AVS Categories
  1. BPM Finance

Actively Validated Service (AVS)

What are AVS's on Eigenlayer? How do we select them?

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Last updated 1 month ago

As the term suggests, an Actively Validating Service (AVS) encompasses any service dependent on active validation for its operation. Ethereum serves as a prime example, employing the Proof-of-Stake consensus mechanism where validators stake 32 ETH to validate transactions. Within the realm of BPM Finance, AVS typically denotes services constructed on EigenLayer that accept aggregated "restaked" collateral, such as natively staked ETH and/or LST.

This acceptance comes with the condition that the restaker risks losing access to part or all of those funds if they fail in their validation responsibilities, governed by predefined rules known as slashing conditions.

For instance, EigenLayer's inaugural in-house AVS, , mandates operators to securely store and maintain data blobs for a designated duration. Any mishandling or failure to persist the assigned data may trigger slashing penalties for the operator.

How do we select AVS's

BPM Finance is currently in the process of evaluating AVS's. The Eigenlayer ecosystem is still developing and we expect more AVS's to emerge soon.

Evaluation Criteria

The BPM Finance Risk Management Team will select Actively Validating Services (AVS) are selected based on the below process:

  1. Research

  2. Due Diligence

  3. Decision

On the long-run, we plan to establish a DAO to make the selection process decentralised.

Let's take a closer look at some of the prominent AVSs.

  • EigenDA: This AVS is being developed by EigenLabs. It focuses on hyperscale data availability for any execution layer. EigenDA is designed to scale with each added node, which helps to reduce the overall load from Eigenlayer Node operators. Notable EigenDA adopters include Celo, Mantle, Fluent and more.

  • Espresso Systems: Creating a shared sequencer that enables rollup decentralization, improved interoperability, and a scalable DA layer. Espresso captures value through cross-rollup MEV. The project is backed by Yale's Ben Fisch and investors like Greylock and Sequoia.

  • Lagrange: Known for ZK-powered cross-chain messaging using state committee, leveraging EigenLayer restaking for dynamic scaling of state proof security.

  • Omni Network: It is an L1 built using Cosmos SDK for cross-rollup messaging. It provides cheaper transaction fees and fast-finality. They are supported by a Harvard-origin team and investors such as Pantera.

  • Blockless: Delivers ZK verifiable serverless functions, optimizing decentralized applications. It uses EigenLayer to secure transaction consensus.

  • Hyperlane: Employs EigenLayer to safeguard interchain application developers' messages from Ethereum using restaked economic security.

Key AVS Categories

Coming soon.

EigenDA