TLDR Tech / Crypto
Catalysis Launches as First AVS for DeFi Vault Coverage
Catalysis is launching on mainnet as an EigenLayer AVS, deploying Covered Vaults paired with existing Morpho vaults (starting with Gauntlet's WETH Prime) and using slashable restaked capital as underwriting, marking the first production deployment of EigenLayer's Duration Based Vault Strategies with 90-day lock periods. Depositors pay 25-75 bps annualized via yield haircut for defined loss protection, and any covered shortfall triggers automatic slashing of the paired CoverPool, routing premium flow as real revenue to restakers. The launch aligns with ELIP-12's activation and the Incentives Committee redirecting emissions away from passive stake toward fee-generating AVSs that use slashing and redistribution in production, with EigenYields as Catalysis's first delegator across roughly $10B in total restaked assets on the network.
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