Operator Profiles
Every EigenLayer operator indexed by EigenWatch has a detailed profile page. This guide walks through what each section shows and how to read it.
Finding an Operator
Use the search bar to look up any operator by their Ethereum address. Every operator that has registered on EigenLayer is indexed, regardless of their size or activity level.
Profile Sections
Total Value Secured (TVS)
The headline number on every operator profile. TVS shows the total USD value of all assets delegated to this operator across all strategies.
This figure is calculated by converting on-chain share balances into underlying token amounts, then multiplying by current market prices. Token prices are sourced from multiple providers (Chainlink oracles, DefiLlama, and CoinGecko) for reliability.
Strategy Breakdown
Shows which strategies (token types) delegators are using with this operator. For example, an operator might have delegations in stETH, ETH, and WETH, each with a different share of the total.
This tells you:
- How diversified the operator's asset base is
- Which token types are most popular with their delegators
- The relative size of each strategy position
Delegator List
Shows who is backing this operator and how much each delegator has staked. This is the raw data behind the delegation concentration metrics used in risk scoring.
A healthy delegator list has many participants with no single wallet dominating. If one delegator holds 80% of the stake, that's a concentration risk --- their withdrawal could significantly impact the operator.
AVS Coverage
Displays two important views:
- Registered AVSs --- which AVSs the operator has opted into
- Active Allocations --- where the operator is actually allocating stake (magnitude)
The gap between registration and allocation matters. An operator registered with 10 AVSs but only allocating to 2 is effectively concentrated, even though their registration suggests diversification.
This section also shows allocation amounts in USD and the applicable commission rate for each allocation.
Commission Rates
Shows what the operator charges at each level of the commission hierarchy:
- Protocol Incentives (PI) --- the base rate
- AVS-level overrides --- custom rates for specific AVSs
- Operator Set overrides --- the most granular level
Commission rates can be scheduled to change in the future. When a pending change is detected, the profile shows both the current effective rate and the upcoming rate with its activation date.
Understand commissions in detail
Risk Profile
The operator's risk assessment, including:
- Risk Score (0--100) with a category label (Low, Medium, High, Critical)
- Component breakdown showing Performance, Economic, and Network scores
- Confidence Score indicating data reliability
- Slashing event count --- how many times the operator has been slashed
- Last updated timestamp
Key Metrics at a Glance
| Metric | Where to Find It | What It Tells You |
|---|---|---|
| TVS (USD) | Top of profile | Total value backing this operator |
| Risk Score | Risk Profile section | Overall reliability assessment (0--100) |
| Confidence | Risk Profile section | How much data supports the risk score |
| Delegator Count | Delegator List | Number of unique delegators |
| AVS Count | AVS Coverage | Number of AVSs with active allocations |
| Commission Rate | Commission section | What the operator charges (in basis points) |
| Slashing Events | Risk Profile section | Historical slashing count |
Tips for Reading Profiles
- Start with the risk score and confidence. A high-confidence, low-risk operator is the clearest positive signal.
- Check delegation concentration. A large TVS means less if it comes from one or two wallets.
- Compare registration vs allocation. An operator registered with many AVSs but allocating to few may not be as diversified as they appear.
- Look at commission stability. Frequent commission changes can indicate operational uncertainty.
- Consider tenure. Operators with longer track records have more data backing their assessments.