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- Crypto.com now supports EIGEN on-chain staking with flexible unstaking directly through its mobile app.
- EigenLayer to activate slashing on April 17, increasing validator accountability and network security.
Crypto.com app users can now stake EIGEN tokens on-chain directly from their mobile phones. This feature brings a new feel, especially for those who want to play a role in maintaining network security without having to bother opening an external wallet or learning complicated technical steps.
Yields of up to 4% are offered to those willing to lock their tokens. Not only that, the unstake process is also made flexible, so users don’t feel like they are entering a trap with no way out.
However, this feature is not only about rewards. On the other hand, it also opens up wider access to support a larger ecosystem, especially when we talk about restaking that EigenLayer is building.
$EIGEN is now available for on-chain Staking in the Crypto․com App!
Start staking to secure your favourite blockchain or protocol while earning up to 4% rewards 💰
🔓 Enjoy the flexibility of unstaking your assets in a secure and convenient manner.@Eigenlayer pic.twitter.com/lwbgqI07A2
— Crypto.com (@cryptocom) April 7, 2025
Restaking Gets Tougher With April’s Slashing Rule
EigenLayer is not a new name among Ethereum fans. They have long been known for their restaking approach, where users can “rent” the security they have from previous staking to other services that need validators. But the next step is clearly bolder.
EigenLayer plans to start the slashing mechanism on April 17, 2025. This is where validator operators who do not carry out their duties properly can be punished—aka lose some of their tokens.
Seems a bit cruel? Yes, but just like officers who take action against cars carelessly, this system is needed to keep everyone disciplined and the ecosystem running more safely. Slashing will allow AVS (Actively Validated Services) services to punish naughty operators and indirectly provide more trust to end users.
EIGEN Tokens Power the Backbone Teams
Amid this staking news, CNF previously reported that the Eigen Foundation has also committed to supporting the development of Ethereum Layer 1. They allocated 1% of the total supply of EIGEN tokens to the Protocol Guild. More than 180 members from 29 different teams, ranging from client developers, specification writers, researchers, to testing and coordination teams, will directly benefit from this distribution.
Imagine giving bonuses to all toll road engineers so that the roads are free of obstacles. Without them, there would be no smooth development of Ethereum. This support ensures that the infrastructure wheels keep turning and the people behind the scenes can work without the financial pressures that interfere.
Meanwhile, as of press time, EIGEN is swapped hands at about $0.7487, up 2.61% over the last 24 hours.
Buy Gadgets With Stablecoins? Sony Says Yes
On the other hand, CNF also reported that Crypto.com recently partnered with Sony Electronics (Singapore) Pte. Ltd. This collaboration allows Sony customers in Singapore to purchase products directly from the Sony Store Online using USDC via Crypto.com Pay. This means that not only digital wallets can buy tokens, now Sony customers can buy headphones or cameras using stablecoins.
Funnily enough, Sony is the first electronics brand in Singapore to directly accept crypto as a means of payment. As a bonus, they are also giving a special promo until April 30, 2025. So, if you are a gadget enthusiast and have an idle USDC balance, this could be the right time to upgrade.
