Exploring EigenLayer

Eigenlayer Several platforms have emerged that support or are built around the concept of restaking. Eigenlayer is a prominent example, allowing users to restake Liquid Staking Tokens (LSTs) such as stETH, cbETH, ankrETH, and many more. Eigenlayer provides an opportunity to earn additional rewards while contributing to the security and functionality of multiple protocols simultaneously. This maximizes the utility of staked assets, enhances liquidity, and improves the overall security of the participating networks.

🎯 Objective

What are you trying to achieve?

Eigenlayer wants to meet the evolving needs of its user base by enhancing the platform’s efficiency and user experience by leveraging on-chain data to gain insights into platform utilisation, user behavior, and sentiment.

As an analyst, evaluate the Eigenlayer platform’s efficiency and user experience. Your primary focus is on on-chain data, analysing metrics help assess the platform's popularity, utilisation, and overall health.

• Investigate protocol growth metrics and how well the protocol is attracting and retaining new users. Also assess user engagement and confidence in Eigenlayer.

• Track the number of Liquid Staking Tokens (LSTs) restaked on Eigenlayer to assess the platform's ability to attract and retain staking assets. Monitor metrics relevant to overall health and attractiveness of Eigenlayer.

🤔 Questions

Questions you might have

"Does the platform stop drawing new users?"

"How confident are users in the platform, as noted by the deposit/withdrawal counts?"

"Are tokens flowing out of/into the platforms?"

"Are there any shift in preference on restaking via validators versus LSTs?"

🔍 Exploration

How can you use Orus to explore these answers?

Analyze User Acquisition & Behaviour

New user count by day

[ETH]C [EIGENLAYER]APP NEW G 180D

Daily active users: Active user count by day

[ETH]C [EIGENLAYER]APP DAU G 180D

Restake count: Number of deposit (restake) by day

[ETH]C [EIGENLAYER]APP DC G 180D

Withdraw count: Number of withdrawal by day

[ETH]C [EIGENLAYER]APP WC G 180D

Analyze Operations

Number of LSTs restaked

[ETH]C [EIGENLAYER]APP LN G 180D

Net flow of specific LST

[ETH]C [EIGENLAYER]APP [STETH]A DV - [ETH]C [EIGENLAYER]APP [STETH]A WV G 180D

TVL of Eigenlayer including validator restakes

[ETH]C [EIGENLAYER]APP TVL G 180D

Ratio of TVL to staked LSTs

[ETH]C [EIGENLAYER]APP TVL / [ETH]C [EIGENLAYER]APP LN S / [ETH]C [ETH]A P G 180D