As a seasoned analyst with years of experience navigating the ever-evolving landscape of blockchain technology and DeFi protocols, I find EigenLayer’s approach to be both strategic and commendable. By distributing a significant portion of its token supply to its ecosystem participants, EigenLayer is not only incentivizing participation but also fostering a sense of community and shared vision.
EigenLayer’s stakedrop will distribute over 4% of its token supply to ecosystem participants.
In simple terms, EigenLayer – an innovative Ethereum staking protocol – has unveiled the second season of its EIGEN token distribution, known as ‘stakedrop.’ This opportunity is open to various members within the ecosystem, including node operators, stakers, validated systems (actively validating systems or AVSs), rollup solutions, open-source developers, and others. According to their announcement post, these individuals are eligible for this airdrop.
The Eigen Foundation is thrilled to unveil the EIGEN Season 2 Stakedrop! With the upcoming release of the EIGEN token, this stakedrop acknowledges and honors the remarkable supporters and contributors who have backed us throughout our journey,” (paraphrased post)
4.2% of EIGEN’s fully diluted value (FDV) will be distributed among the beneficiaries, with node operators and stakers receiving the majority, equating to approximately 70 million tokens. Ecosystem partners such as projects utilizing EigenLayer technology will receive around 10 million tokens, while the remaining 6 million tokens will go to the wider community, including early supporters, open-source developers, and other contributors.
According to EigenLayer’s founder, Sreeram Kannan, Web3 and crypto serve as autonomous systems of agreement that don’t necessitate an authority or majority for enforcement. He explained that since these mechanisms enforce themselves, they enable trustworthy pledges. Furthermore, he shared their ambition: to construct the engine for human coordination, with the hope that you join them on this long but rewarding adventure.
EigenLayer and Other Restaking Protocols Observe Reducing TVLs
In response to a decrease in the total value locked (TVL) within its ecosystem, EigenLayer aims to distribute its native asset to members of its community. Originally, the TVL was over $15 billion at the time of its token launch and first stakedrop. However, it now stands at approximately $11.3 billion. By employing a stakedrop mechanism, EigenLayer hopes to stimulate increased activity within the ecosystem and attract more TVL.
Other restaking protocols that have come after EigenLayer have also witnessed declining TVL.
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2024-09-06 22:13