EigenLayer has launched Stage 1 on the Ethereum mainnet, allowing Ethereum stakers to participate in EigenLayer, control their liquid staking tokens, and transfer funds. This is enabled through EigenLayer contracts or by building an EigenPod and transferring funds to its addresses.

In Stage 2, EigenLayer will onboard operators who will validate and confirm Actively Validated Services (AVSs) created on the EigenLayer protocol. Stage 3 will see the delivery of various AVSs utilizing EigenLayer's robust base.

After deploying restakers, operators, and AVSs, the ecosystem will allow stakers to allocate their staked ETH to operators while retaining control to select their preferred AVSs. Operators and AVSs need to work cohesively.

Initially, EigenLayer will have some safety limitations which will gradually be lifted until reaching an unlimited staking capacity for ether holders. At this point, the protocol will fully support liquid staking for Lido stETH, Rocket Pool rETH, and Coinbase cbETH.

Current staking limits allow deposits of 3,200 tokens per backed asset and 32 tokens per user transaction. EigenPod creation will halt once conventional restaking reaches around 9,600 ETH. A 7-day withdrawal period is implemented for safety.

To ensure security, EigenLayer underwent external audits and offers $2,000,000 in bug bounties through Immunefi. EigenLayer envisions decentralizing the protocol and fostering a trustless staking community.

Scalable and pausable smart contracts were used, with three prime governance multisigs - community, operations, and pauser - overseeing contract scaling and pausing. The Ethereum launch marks a significant milestone, advancing open innovation.