Normally daphnia eggs hatch and develop in the female's brood pouch, where the embryos are very commonly seen (last two shots below).
When I first started looking at water samples I saw these odd objects but had no idea what they were. They are produced by daphnia and are called ephippia. At certain times of year, or when environmental conditions become difficult, daphnia will produce rugged eggs encased in a tough outer shell (ephippium). They develop in the brood pouch and are shed and released when the daphnia molts. They can remain dormant for long periods until growing conditions are more favorable. These eggs are usually called "resting eggs" or "winter eggs".
Nikon Diaphot TMD, Nikon CF 2X Plan Apo, Nikon D300

Nikon Diaphot TMD, Nikon CFN 10X Plan Achromat, Nikon D300, DIC

Nikon Diaphot TMD, Nikon CFN 20X Plan Achromat, Nikon D300, DIC

Nikon Diaphot TMD, Nikon CF 40X Plan Achromat, Nikon D300, DIC
