EIGEN Staking Withdrawal Time Shortened from 24 Days to 7 Days

Bittime - EigenLayer, a re-staking protocol on the Ethereum network, announced that EIGEN staking withdrawal times have been shortened from 24 days to just 7 days. Read this article to find out more!

EIGEN Staking Reduced Withdrawal Time  

EIGEN staking withdrawals which previously took 24 days have now been reduced to 7 days. This is to minimize liquidity risks that may occur during the staking period. 

By shortening EIGEN staking withdrawal times, EigenLayer gives users the flexibility to respond more quickly to market changes. Especially when there is potential for major changes once the mainnet is fully live and the cross-subject slashing feature is implemented.

Benefits for EIGEN Stakers 

This reduction in EIGEN staking withdrawal time provides many benefits for EIGEN stakers. First, stakers can now access staked funds again in a shorter time.

Second, the risks associated with locking funds for long periods are also reduced. This means stakers can feel more secure and comfortable in managing their portfolio, without having to worry about liquidity for almost the entire month.

Read Also: Orderly Network Has Launched Airdrop Claims and ORDER Token Staking

EigenLayer Mainnet 

EigenLayer not only cares about the convenience of current users, but also prepares itself for the changes that may occur when the mainnet is fully active. 

One of the major anticipated changes is the implementation of cross-subject slashing, which is an additional security mechanism to maintain network integrity. 

By reducing EIGEN staking withdrawal times, EigenLayer ensures that users will be less affected by these changes, and can withdraw more flexibly in the event of market uncertainty.

Slashing Between Subjects 

Intersubject slashing is a mechanism designed to increase network security by imposing penalties on stakers who commit dishonest or detrimental actions. 

This means that if any staker is involved in activities that are detrimental to the network, part of their stake can be deducted as a form of punishment. 

The cross-subject slashing feature will soon be implemented on mainnet, and EIGEN's reduced staking withdrawal time aims to minimize risks for stakers.

Read Also: Starknet to Launch First Mainnet STRK Staking and Voting Features

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