Ethos is being developed as a 'validated service' on EigenLayer — focusing on security for the Cosmos chains by utilizing ether stakes.
Ethos, a blockchain project under development as a "validated service" on EigenLayer, is working with various liquid restaking protocols to allocate ether stakes for the security of Cosmos chains, accumulating commitments of $4 billion.
As one of the initial actively validated services on EigenLayer, Ethos will leverage re-staking and validation via EigenLayer to secure Cosmos ecosystem chains using existing ether stakes. "Ethos is a security coordination layer that enables Cosmos chains to easily bootstrap a validator network, leveraging the economic security of restaked ETH," a spokesperson from Ethos told The Block.
In the Eigen ecosystem, upon its launch, EigenLayer will repurpose ether deposits from stakers and restake them to bolster other protocols. This re-staked ether can be delegated to AVS operators supporting Ethos, who then assign this stake to a chosen group of guardians within the Cosmos ecosystem to validate the Ethos Layer 1 chain, referred to as the "Guardian chain.
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