EigenLayer is expected to start its EIGEN token airdrops this Friday (10). This sparked interest and debate in the cryptocurrency community.
Despite great expectations, the launch was criticized for excluding participants from the USA, Canada and China and for its distribution methods.
EigenLayer airdrops EIGEN
Following its $165 million funding raise from a16z Crypto, Eigen Labs now manages an impressive $14 billion in DeFi assets.
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Starting Friday, EigenLayer investors can claim their EIGEN tokens, stake them, and delegate them to an EigenDA operator. Initially, EigenDA will serve as the exclusive set of autonomous validators (AVS), utilizing an EIGEN quorum, with plans to expand to more AVSs soon.
Participants who re-stake ETH through an EigenDA operator will receive their EIGEN tokens automatically after staking. Newcomers are encouraged to stake EIGEN and select their operator on the EigenDA AVS page.
Read more: Cryptocurrency Airdrops – Get Free Tokens!
As a major player in the decentralized finance (DeFi) sector, EigenLayer stands out with its “re-staking” feature. It allows Ethereum ecosystem applications to access a large pool of transaction validators, increasing the yield on staked Ethereum, typically around 3%.
However, excitement over these technical merits has been overshadowed by disputes over the governance of token distribution, sparking intense debates between enthusiasts and critics.
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Response to the airdrop controversy
The EIGEN airdrop controversy occurs due to a points system that rewarded early adopters. But it changed recently as it disqualified many due to strict regional restrictions.
Then, despite community dissatisfaction, executive director of the Eigen Foundation, Robert Drost, emphasized in a podcast the importance of complying with regulations.
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“It’s about adhering to regulatory frameworks and, at the same time, trying to innovate responsibly”said Drost.
In response to the backlash, EigenLayer revised its token distribution plan, adding 28 million EIGEN tokens. The company advises stakers to distribute their holdings in EIGEN equally among operators to maintain a decentralized balance of the network.
This strategy aims to preserve a balanced power dynamic within the network.
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