The Eigen Foundation has awarded its first strategic grant to the Celo Foundation to support the use of EigenDA on Celo Layer 2.

Eigen Foundation Supports Celo Layer 2 with EigenDA

thumbnail_Eigen Foundation Supports Celo Layer 2 with EigenDA - Bittime.png

Eigen Foundation Supports Celo Layer 2 with EigenDA - Bittime.png

 - The Eigen Foundation has awarded its first strategic grant to the Celo Foundation to support the use of EigenDA on Celo Layer 2. EigenDA is a secure, decentralized, and cost-effective off-chain data availability solution.

In July 2023, cLabs proposed migrating Celo from EVM-compatible Layer 1 to Layer 2 using EigenDA.

This migration aims to address the high fees associated with Ethereum's native storage, and allows Celo to maintain low transaction fees.

Here are the benefits of migrating Layer 2 to EigenDA.

The grant from the Eigen Foundation will assist the Celo Foundation in integrating EigenDA into Layer 2 and supporting ecosystem projects that leverage this solution.

The partnership between the Eigen Foundation and the Celo Foundation is expected to have a significant positive impact on both ecosystems.

EigenDA's integration into Celo Layer 2 can help improve Celo's scalability, decentralization, and cost efficiency, as well as drive broader adoption.

With the support of the Eigen Foundation and the use of EigenDA, Celo Layer 2 has great potential for the future. Let's take a look at some of the things we can look forward to:

If you're interested in the future of Celo Layer 2, here are some things you can do:

The Eigen Foundation's strategic grant award to the Celo Foundation is an important step in supporting Celo's migration to Layer 2 and leveraging EigenDA for off-chain data availability solutions.

This partnership is expected to bring significant benefits to both ecosystems and contribute to the growth of the blockchain industry as a whole.

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