What are the collateral functionalities of EigenCloud (EIGEN)?

Performance-Bond: Right to post EIGEN as stake backing AVS and operator commitments, functioning as a performance bond. Restaked or delegated stake is slashable, with slashed value either burned or redistributed, subject to current constraints on which assets are eligible for redistribution.

What are the service provision functionalities of EigenCloud (EIGEN)?

Data Availability: Right to provide data availability services by making transaction data available under correctness guarantees for external execution domains (EigenDA).

EigenCloud (EIGEN)

System: EigenCloud — Blockspace Production

EigenCloud is a verifiability and shared-security platform built on EigenLayer, letting AVSs and application developers secure and verify off-chain data, events, and computation by tapping into a pooled operator network backed by restaked collateral. Founded in 2021, it combines Ethereum smart contracts (restaking, delegation, rewards and slashing) with off-chain operator software, and can use restaked ETH and staked EIGEN to back AVS-specific penalties. The system boundary includes EigenLayer/EIGEN staking contracts, operators and delegators, and Eigen Labs/Eigen Foundation governance and primary interfaces; it excludes Ethereum L1 itself, independent third-party AVSs and downstream apps, and third-party bridges or wrapped representations of ETH/EIGEN.

Market Data

Price	$0.157674
Market Cap	$109.15M
Fully Diluted Valuation	$286.02M
30d Change	-13.73%
365d Change	-81.39%

Token Functionalities

Collateral

Performance-Bond
Right to post EIGEN as stake backing AVS and operator commitments, functioning as a performance bond. Restaked or delegated stake is slashable, with slashed value either burned or redistributed, subject to current constraints on which assets are eligible for redistribution.

Service Provision

Data Availability
Right to provide data availability services by making transaction data available under correctness guarantees for external execution domains (EigenDA).

System Attributes

Operating Model

EigenLayer’s core restaking coordination is implemented as an on-chain protocol that coordinates restakers, operators, AVSs, rewards, and slashing, while EigenCloud services are operated under EigenLabs terms, including EigenAI and EigenCompute.

Value Creation

Value is produced by on-chain restaking coordination (delegation, rewards/slashing logic) plus off-chain operator work/EigenLabs services (e.g., EigenAI/EigenCompute)

Value Capture

EigenLayer routes AVS-subtors/restakers on-chain, while EigenLabs captures subscription/usage fees for EigenCloud services off-chain (per service terms).

Governance

Eigen Labs, Inc. maintains authority over most of the off-chain product lines, the Protocol Council holds the sole power to execute approved changes to core contracts, whilst token holders exert their say through intersubjective governance.