EigenCloud vs Sky Lending

EigenLayer is a restaking marketplace on Ethereum that lets ETH validators and LST holders opt‑in to provide crypto‑economic security to external ‘Actively Validated Services’ (AVSs). Participants earn additional yield by subjecting their stake to slashing conditions defined by each module, creating a shared‑security layer similar to Polkadot’s parachains. Mainnet restaking went live in April 2024, and over 4 million ETH had been opt‑in restaked by Q2 2025.

Sky Lending is the flagship product of StableLab’s Sky ecosystem, enabling over‑collateralised borrowing of sUSDS and real‑world asset stablecoins. Interest accrues per‑second and can be paid in advance, allowing negative interest or fixed‑term loans. An on‑chain risk oracle adjusts LTV caps daily based on market volatility metrics sourced from Chainlink and Pyth.