AVSs (Autonomous Verifiable Services) reward stakers and operators in exchange for security for third party services (supply-side fees).

EigenCloud is a marketplace connecting stakers and operators with applications that need active security. EigenCloud was founded by Sreeram Kannan and launched in 2023.

EigenCloud team and investors own and govern the protocol. They do not currently take a cut of the total rewards paid by AVSs (revenue). EigenCloud's investors include Blockchain Capital, Polychain Capital, Coinbase Ventures, etc.

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Liquid staking

EigenCloud

# EigenCloud Assets staked Methodology

## 1. Overview

The EigenLayer assets staked metric measures the total USD value of assets restaked in the EigenLayer protocol. This metric captures both liquid restaking through EigenLayer strategies and native ETH restaking through EigenPods. The calculation combines the total value locked (TVL) across both restaking mechanisms, representing the complete picture of assets securing AVS (Actively Validated Services) through EigenLayer.

## 2. Data sources

The calculation relies on several key data sources:
- **Ethereum beacon chain validator data**: Validator balances and status information from the Ethereum consensus layer
- **EigenPodManager deployment events**: Parsed `PodDeployed` events from the EigenPodManager contract on Ethereum that track EigenPod deployments
- **EigenLayer strategy underlying assets**: Daily snapshots of underlying asset amounts held in EigenLayer restaking strategies
- **End-of-day token price feeds**: USD price data for all restaked tokens to enable value aggregation
- **Token metadata**: Decimal precision information for proper unit conversions

## 3. Step-by-step calculation

### Component A: EigenPods native ETH staking
- **Purpose**: Calculates the value of native ETH restaked through EigenPods
- **Logic**: Queries Ethereum beacon chain validator data and filters for validators whose withdrawal addresses match deployed EigenPod contracts. Only includes validators with active status (`active_ongoing`, `pending_queued`, `pending_initialized`, `withdrawal_possible`). Validator balances are converted from Gwei to ETH units by dividing by 1e9. The data is aggregated daily by truncating timestamps to day boundaries. Forward-filling logic ensures daily continuity of balance data even when no balance changes occur.
- **Key fields**: `balance` (validator balance in Gwei), `withdrawal_address` (validator withdrawal credential), `status` (validator state), `slot_timestamp` (beacon chain timestamp)

### Component B: Strategy restaking
- **Purpose**: Calculates the value of liquid tokens restaked through EigenLayer strategies  
- **Logic**: Extracts underlying asset amounts from EigenLayer strategy data, which tracks the actual token holdings within each restaking strategy. Applies a specific token mapping where bEIGEN tokens are converted to EIGEN tokens using hardcoded address mapping. The data includes strategy addresses, token addresses, and underlying asset amounts parsed from JSON fields. Data is aggregated daily and includes decimal corrections during USD conversion.
- **Key fields**: `underlying_assets` (JSON containing asset amounts), `strategy_address` (strategy contract address), `token_address` (underlying token contract address), `chain` (blockchain identifier)

### Final aggregation
- **Combining components**: Both EigenPods and strategies data are unioned together after separate USD conversion processes. The EigenPods data maintains raw validator balance precision while strategies data applies token-specific decimal corrections.
- **Currency conversion**: USD conversion uses end-of-day price feeds with different approaches - strategies TVL includes decimal corrections based on token metadata, while EigenPods TVL uses validator balances already in correct ETH units without additional decimal adjustments.
- **Time aggregation**: All data is aggregated to daily boundaries using timestamp truncation. The calculation starts from February 1, 2025, filtering out earlier historical data.
- **Final calculation**: The total assets staked equals the sum of USD-denominated values from both EigenPods native ETH restaking and strategy-based liquid token restaking, with schema validation and zero-filling for missing data points applied through finalization macros.

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Value of assets staked or restaked through the project.

EigenCloudEIGEN

Assets staked

Assets staked

Competitive landscape