EigenLayer Opens Claims for Airdrop of EIGEN Token, Though It’s Non-Transferable
Perpetual futures markets price the fully diluted value of the token at around $15 billion.
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EigenLayer
Perpetual futures markets price the fully diluted value of the token at around $15 billion.
EIGEN’s airdrop comes after a wave of criticism of its distribution plan and points program.
LRT holders can tokenize any yield-bearing strategy to generate an annualized percentage yield of 10% to 50%.
Much-hyped restaking project EigenLayer’s 43-page whitepaper about its now-revealed EIGEN token has raised lots of questions. They may not matter initially, because much of the promised functionality won’t be ready when the token launches.
Restaking has taken hold of the Ethereum ecosystem. With Jito and a handful of other companies building for Solana, can the trend spread?
Although it’s actually conservative.
Some 45% of the EIGEN token supply will go towards the EigenLayer community, while investors will be allocated 29.5% of the token supply, and 25.5% will go towards early contributors.
The fundraise was led by Hack VC and included contributions from DAO5, L2Iterative, NomadCapital_io, FinalityCap, Symbolic VC and Theta Capital.
Under its deal with RedStone, Ether.Fi will dedicate $500 million to help secure RedStone’s data oracles, which are used to pass information between blockchains and the outside world.
Bitcoin’s supply growth is set to automatically drop by 50% when next week’s “halving” arrives, Ethereum is pondering a cut in ETH issuance, and meme coin issuers are just no-holds-barred spinning up new ones. Blockchain tech is enabling all sorts of monetary strategies.