The EigenLayer protocol has announced the launch of its native token, $EIGEN, which will be claimable starting May 10. The token's initial distribution includes a 15% allocation to stakers, with 5% based on a snapshot taken on March 15. The token will be non-transferable initially, with 45% of the total supply dedicated to community initiatives, ecosystem development, and stakedrops. The total supply of $EIGEN is 1.67 billion, with 29.5% allocated to investors and 25.5% to early contributors. The launch has sparked discussions about its potential impact on Ethereum's ecosystem, with some expressing skepticism about the token's initial non-transferability and the distribution strategy favoring developers and investors.
This is the simplest and most informative explainer of $EIGEN and $bEIGEN I've seen yet - really paints a picture of incentive games made possible with new tokenomics and the highest stakes imaginable for an application. I wonder how often CPF or DPF burns will occur in… https://t.co/5Z6kcd0kBN
VC's when EigenLayer told them they created "Restaking" In which people could stake their $ETH once, and then stake it again https://t.co/LKTSQbf9jt
Will we at least get eigen points for delegating our nontransferable tokens?
Over the past year, RWA protocols have seen a remarkable resurgence, with their TVL soaring to nearly $8 billion, driven by a market preference for debt-based, high-yield investments. ✍️ @SteimetzKinji provides insights in the latest Messari Pro report: https://t.co/GeDgqu3hkW https://t.co/zKgyXcRoMU
Crypto tends to overcomplicate itself with buzzwords, filler, and jargon words “Universal Intersubjective Work Token“ But when it comes to creating a new decentralized network, there are really just two core economic problems to solve 1) How do you bootstrap a network into…
Will $EIGEN or CZ be transferable first? https://t.co/VaoKSKmg7L
after reading the EIGEN whitepaper one might be compelled to ask if an "intersubjective work token" is really *necessary* for a restaking protocol that has yet to enable the most basic qualities of restaking. to be clear everything that this whitepaper says eigenlayer does for… https://t.co/0Z8hILOrnI
What do you plan on doing with your $FRIEND this Thursday? (Assuming a conservative $5 - $10 launch price)
What do you plan on doing with your $FRIEND this Friday? (Assuming a conservative $5 -$10 launch price)
tokens r the most most powerful tool known to mankind to coordinate economic activities and in particular to solve cold start problems in early stage products. points r just “pre-token tokens” that buy founders time to sort out legal and exchange-listing-related complexities…
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Last Friday we wrote a report that EigenLayer may benefit from releasing a token to stave off competition. Monday it happened. Last week's report linked in the QT. New EigenLayer report coming this Friday. https://t.co/TRsM4UI2Nf
*On non-transferability, geofencing, and the regulatory risk spectrum of token distributions: The EIGEN token launch kicked off a discussion about two particular design decisions: (1) the token can’t be transferred and (2) can't be claimed by U.S. Eigenlayer users. These…
Introducing the highest yielding decentralized stablecoin. Borrow against LRTs. Earn EigenLayer, LRT, & AVS rewards. This is Ebisu, the CDP stablecoin collateralized by restaked assets👇🧵 https://t.co/bpR0613IXC
What is Eigenlayer? Eigenlayer is a middleware built on the #Ethereum network that allows protocols to tap into Ethereum's security layer by incentivizing Ethereum ($ETH) stakers to stake on their protocol. This enables the protocol to access a larger validator set and improve…
Think your EIGEN is locked? Think again: 1) Deploy a new transferable token, "EIGEN2" 2) Anyone with EIGEN can claim "EIGEN2" 3) Once enough people switch, "EIGEN2" becomes "the real EIGEN" Why hasn't anyone thought of this? (I created this diagram to explain the basic idea) https://t.co/FrbDl08Xni
There is more downside to come... Let me show you the level I am looking at which will be 'THE SUPPORT' of this bull run. Covering a lot of our fav alts with levels and $EIGEN situation. Live in 20 mins: https://t.co/Fykn3YbZX1 https://t.co/dxL4XvDjTK
Moody's/Amberdata: Liquid Staking Tokens May Enhance Investors' Liquidity & Yield 🛰️ In a recent report via @Moodys, explore the impact of liquid staking tokens on ETH staking yields & how macro-level interest rates influence crypto staking strategies! https://t.co/gu6k50Asix
$EIGEN trading at $10.22 on Aevo pre-launch market. Total supply = 1.67B so FDV = $17B Unless you're one of the 20 ppl (with allos) brave enough to publicly pretend that Eigen's TGE yesterday wasn't a disaster, that seems high, no? Btw $FRIEND would be $170/point if FDV = $17B https://t.co/pBiYi5AJ0f
Mixed EIGEN Feelings Not everyone is happy with the new EIGEN token plans Our analysis of why 👇 https://t.co/2AxBBiK4yN
Made a tokenomics pie for $EIGEN because the docs sucked. 45.0% - Community (15/15/15) 29.5% - Investors 25.5% - Early Contributors If you take the numbers and apply the current PERP-EIGEN price on Aevo (~$10.20) the implied FDV is ~$17b, placing it 13th overall, just behind… https://t.co/juusWEX7KX
From what I see, $EIGEN seems to be like an alt-L1 token It has its own social consensus, doesn't interact with restaked ETH as ETH isn't used for non-objective work (only $EIGEN). Chain forks are replaced with token forks but it's essentially the same mechanism (slashing for… https://t.co/imy3rIbN8A
Me and @gajeshnaik are starting a new technical interview series with teams building on @eigenlayer - Infinite Layers ♾ First episode is Friday May 3 9:00am PT with @alt_layer! Streaming on X or RSVP and join the live chat here: https://t.co/0FhkKawQeU
Renzo $REZ is $2b FDV right now even after their recent tokenomics shenannigans. $FRIEND must be worth more...well over $20 per $FRIEND. Find out soon.
Eigenlayer Season 1 represents 5% of supply. Let's assume Eigen goes to market at $10B FDV, so $500m in tokens is getting dropped to ~$16 billion in restaked $ETH. So forgetting time, APY, etc. restakers on avg are getting 3.1% return on their capital? Am I getting this right?
If you staked in hope of a decent $EIGEN drop, YOU'VE BEEN SCAMMED. Today I'll be unpacking exactly what went wrong and how you can avoid future disappointing launches! LIVE IN 1 HOUR https://t.co/OqlGpoCLiH https://t.co/KBtbOtuPVB
🚨 BIG UPDATE: Presenting EigenLayer Hackathon partners: @eigenlayer @LayerN_Official @0xOthentic @NEARProtocol @AutomataNetwork @EthosStake 👉 They'll give you the knowledge & tools you need to tackle restaking and win cool prizes! Read more: https://t.co/vrXnq9c7pq https://t.co/v0bYklhlgL
Why isn't EIGEN transferable? . Enhanced Profitability: Intersubjective profit taking requires tokens only unlocking after developers and VCs have time to cash out. https://t.co/OHsr1mYwmi
no one can explain what restaking is no one can explain what eigen layer does and you're surprised it was a scam?????? $eigen @eigenlayer 🫵😹
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EIGENLAYER’S HORRENDOUS TOKEN ANNOUNCEMENT TO CREATE OPPORTUNITY FOR COMPETING PROTOCOLS - @Karak_network is an Ethereum restaking protocol, and its TVL has surged to more than $430 million in the last month. - Certainly, this is tiny compared to the $15.6 billion of… https://t.co/FxhyV5ZXzm https://t.co/hs6UcllqV7
💡 Crypto Basics Renzo is one of the leading liquid restaking protocol and strategy manager for EigenLayer, the pioneering protocol for restaking on Ethereum. Curious on how it works? Learn more here! 🤔 🔗 https://t.co/DiFGxGfMph
$EIGEN doing everything it can to prevent inevitable blood in its pools by reducing the sellable supply via rugging depositors 😂 No one can find out it’s the same old vaporware definomics in a shiny new box!! In the end a token’s liquidity speaks the truth.
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Once past the EigenLayer fud, what to do with your tokens if you are eligible? As a reminder, the $EIGEN claim starts on May 10th, it's high time to think about strategies. A thread 🧵👇 https://t.co/XNCSXtZCGH
Simplification of $EIGEN Token Whitepaper 1. $EIGEN Token Overview • Total Supply: 1.67B • 45% to community: 15% to each of stakedrops, community initiatives, and ecosystem development, respectively. => Out of 15% stake drops, 5% based on a snapshot on 15 March (90%… https://t.co/ypRX9AobWB
first EIGEN gut reactions: 1) dual token structure is smart & probably can be applied elsewhere 2) the intersubjective part probably has attack vectors in some cases (don't ask me what they are, I have no idea, but given how generalized it is, would be remarkable if it didn't)
Congrats on Eigenlayer, everything is perfect in terms of team, fundamentals (modular, restaking, AVS), TVLs, let’s make Ethereum great again🫡 https://t.co/o3kn9mxDk9
0/ By community request, Hyperliquid has listed $EIGEN-USD hyperp. You can now long or short the unlaunched Eigenlayer token with up to 3x leverage. https://t.co/zAn4GC5qfR
well the cat's out of the bag announcing: universal interobjective work token
with eigen tokens being non transferable under the team’s discretion what happens to everyone who traded eigen points on whales? just at the mercy of the eigen team?
.@eigenlayer: actually tries to innovate while remaining compliant, offers people an additional ~100% APY on their staked $ETH CT: 'i restaked .1 ETH for 2 weeks why can't I retire yet'
Assuming you staked in December 2023, you received about 50 eigen tokens per ETH deposited. ETH was around $2,200 then. At $10 per token that's $500 per ETH, or about 23% of your initial. ETHBTC is down about 5% since 12/23, so this was a way to outperform BTC passively at size
$EIGEN perps cresting the $10 mark on @aevoxyz. How are your allos looking? https://t.co/86qDNgORd3
i feel weirdly obligated to learn what the fuck an intersubjective work token is and make a picture to explain it as a pragmatic, relatable, everyday use case.
Steady lads. I’m working on a thread that will explain why the EigenToken is such a powerful new primitive for the decentralized web, inclusive of some examples of how it will be used. It won’t be ready tonight though. I hope to post it in the morning.
How I imagine Crypto theadoors posting about universal intersubjective work tokens https://t.co/ESImIt75QJ
>Eigenlayer team drops innovative and novel $EIGEN token >CT being toxic af because they round tripped all their gains on this market downturn Never change fellas
I create universal intersubjective work tokens https://t.co/66xcfEazcE
~50 points per $EIGEN $EIGEN at $9.5 on @aevoxyz $0.19 per March 15th Eigen Point? I think $EIGEN has room to pump if they can fix PR https://t.co/CrtNYuESSA
current rage with eigen pretty unfounded and shows a bit of whats wrong with the current enviroment. expectation of massive profit from pretty marginal activity and just mass anger when expectations aren't fully met. I don't think anyone from the team shilled the token itself…
Eigen Layer @eigenlayer let’s you think outside the block. We are not a blockchain, we inherit a subset of the security of Ethereum by renting decentralized trust thanks to Eigen Layer. We are a verifiable proof verification layer that posts results into DA layers (that are a…
Read the eigenlayer whitepaper, I don't understand how they think they solve the Augur parasite problem. Does anyone know what their solution is? Also what do you do about the economic security bound, ie it seems like you can only secure half the value of the EIGEN token? https://t.co/JnW4ovdpHc
Current state of the market $EIGEN https://t.co/BfCbwtYqJV
what is a universal intersubjective work token bro
You know what will solve crypto’s issues in appealing to more than the same 8000 people (and their Sybils)? A universal intersubjective work token!
If you're wondering what EIGEN is, it's literally the exact same thing as any other gov token except here your tokens can be slashed if you vote on the wrong side of a DAO proposal
Seeing a lot of @eigenlayer talk on the timeline today. @babylon_chain is to BTC like EigenLayer is to ETH. Just going to leave that there. Remillio https://t.co/y3yYwOfnnT https://t.co/vWe52yKiZj
YEAH IT'S CALLED EIGENLAYER AND EIGEN LABS FINALLY TURNED THE EIGENPOINTS INTO EIGENTOKENS BUT THEN LOCKED THE EIGEN TOKENS AND MADE IT SO NO ONE COULD CLAIM THEM SO ITS LIKE THEY FARMED THEIR USER BASE TO BOOST METRICS AND THEN ABANDONED THEIR CORE COMMUNITY https://t.co/2XqFZNxC4A
Bullish delay? You can wager on the FDV of friendtech's $FRIEND token one day after launch. With more than $38,000 in volume, the top result on Polymarket is "<$1B FDV/No token in 2024." https://t.co/rtewC7mqfT
Alright, found just shy of 25 million Eigenlayer tokens in some old wallets, and will use it farming Eigen projects. I've always supported the Eigen dev community, but, have felt there is a lack of useful things to do, and a huge lack of transparent open source.
Universal Intersubjective Work Token reminds me of Inter-universal Teichmüller theory Few people understand it and people are getting worked up
Can someone ELI5: is the "social consensus of EIGEN" simply the EIGEN token holders? If so, then is this construction equivalent a governance token that can be used for restaking to provide economic security to non-objective AVS's with slashing by the holders?
We should take the non-transferable points and push them somewhere else Points 2.0 Aka non-transferable tokens ✨ Innovation ✨ https://t.co/oE9QOseGSt
EigenLayer just announced $EIGEN Here's how to get ready for this highly anticipated stakedrop! An ELI5 🧵: https://t.co/Bjpy7EmVLG
"I deposited 1,936 ETH into eigenlayer" https://t.co/DndytpvDNI
On January 2, this wallet funded freshly from Binance deposited roughly 4,000 wbETH, or $13,000,000 into EigenLayer Over the next 3 months, they amassed nearly 3,500,000 Eigen points On March 16, one day following the snapshot, they withdrew it all Criminal. https://t.co/UBCyLVQxtU
What does $EIGEN FDV need to be for Eigen Stakers to make more than 5% APY given that they're only getting 5% of the supply?
EIGEN Token TLDR (probably one of the most interesting design for a while!). It is a forkable token design that try to solve 3 big problem all together, the 3 problems are: Programmable Trust, Capital Efficiency, and the Risk of Overloading ETH Social Consensus. @sreeramkannan
guys can we all just admit that no one actually knows what eigenlayer is... and why its worth > 10bb FDV? restaking? universal intersubjective work token?universal objective work token? everyone just out there larping to each other they know what's going on.
every eigenlayer private investor writing threads on how revolutionary the token is (and why you should buy it). every eigenlayer user complaining. lesson in there
what if NEAR became a Universal Intersubjective Work Token
What happens when the most mercenary group of people get the token they've been most bullish on? Really curious to watch the $FRIEND chart
Now we know why FT delayed their drop - to make way for $EIGEN which is hotly anticipated. Probably the right move tbh. Will have a 'splainer on EIGEN implications shortly. https://t.co/3LSb7lIoPe
bro what is with eth people and overcomplicating literally everything all the time wtf is a "universal intersubjective work token”???? just make the token do the thing man jfc https://t.co/1IQ3pkyfnQ
So EigenLayer team and investors are getting 55% but stakers are getting only 5% and even that will not be transferable at the beginning. The amount of greed crypto developers and VCs are exhibiting just keeps suprising me every time..
if you thought you knew eigenlayer, that just changed. to date, excitement was around major protocols using restaked eth to bootstrap more easily. it turns out, it's way bigger than that. it's a way for protocols to exist that couldn't otherwise. 1/15 https://t.co/bVGe0M8e7R
The team behind restaking protocol EigenLayer dropped a white paper for a native token https://t.co/QMZulIItj1
"EIGEN is the Universal Intersubjective Work Token, complementing ETH as the Universal Objective Work Token in EigenLayer." Who the fuck wrote this? https://t.co/GnGUdcVfiP
NEW: Eigen Foundation officially unveils $EIGEN and associated documentation. https://t.co/sKHRbrsJqV
What we know about $EIGEN 1️⃣ 15% token supply allocated to airdrops 2️⃣ 5% for first season 3️⃣ 📸 Snapshot taken March 15 4️⃣ 🪂 Claimable on May 10 5️⃣Eligibility checker is live ⬇️⬇️ https://t.co/Pw9emXTBRO 6️⃣ Eigen has a valuation in the Billions & funded by Tier 1 VC’s. https://t.co/9r7anqWt8R
$EIGEN claimable in 10 days. Check allocation https://t.co/RdoSRu5LGp https://t.co/bpPC1bg27o
Introducing the Eigen Foundation, EIGEN token, and Season 1 Stakedrop! https://t.co/lxEVSbRfVB
A post about @friendtech and $FRIEND So we have been seeing sales varying from 1 $ to almost 6-7 $ per point on Whales market We have seen many people like @VentureCoinist @HerroCrypto talking about big numbers on $FRIEND double digits and all How serious are these prices…
Eigen token "Non-transferable tokens" So tradeable points lol.
That said what’s your $EIGEN price target ? https://t.co/qC2HpT7PE5
I was worried the $EIGEN launch would be sell the news for ETH given the lack of "real" yield for ETH restakers from AVS's. By pumping the token and introducing points, they're creating a new 3,3 game (schelling point) for ETH maxis High FDV = bullish ETH Low FDV = bearish ETH https://t.co/vNHimTLjGs https://t.co/EJJi3SObb0
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Tokenomics $EIGEN TLDR: - total supply 1.67B - 45% to community: 15% to each of stakedrops, community initiatives and ecosystem development, respectively - out of 15% stakedrops, 5% based on a snapshot on 15 Mar this year (90% immediately claimable) - 29.5% to investors - 25.5%…
eigen token will be non-transferable initially??? 😂 https://t.co/6YlQ7tVBbE
that's it guys. pack it up. I have no faith that a universal intersubjective work token will save eth
$EIGEN in 11 days. 15% airdropped to stakers over multiple seasons. My guess is 3x5% but let's see. https://t.co/8zdmdUJAP6
LIVESTREAM -- $EIGEN Announcement 🪂 w/ @eigenlayer Founder @sreeramkannan & @eigenfoundation Director @rjdrost Covering everything you'll want to know starting at 4pm EST ⏰ Set a reminder below 🔔👇 https://t.co/P2GVWNlH4I https://t.co/OxROKshSOh
Looks like 5% $EIGEN FDV May 10th, but some funky tokenomics? Watch announcement here: https://t.co/ST0UAClnTA I think $30bn FDV totally reasonable, if not bearish. LOVE TO SEE IT https://t.co/4YBI3OmH8U
$EIGEN: The Universal Intersubjective Work Token Sounds so right-curve and expensive. The name alone should increase the valuation by extra $10b 😅 https://t.co/Dh2cIJs8Et
LIVESTREAM -- $EIGEN Announcement 🪂 w/ @eigenlayer Founder @sreeram & @eigenfoundation Director @rjdrost Covering everything you'll want to know starting at 4pm EST ⏰ Set a reminder below 👇 https://t.co/t1Avneq2Gh https://t.co/OxROKshSOh
I just read the EIGEN token whitepaper. New terms around "intersubjectivity" are revolutionary. I've summarized everything you need to know about the premier restaking platform on Ethereum below...👇
NEWS: Eigenlayer Token Claims From May 10, per website (h/t @News_Of_Alpha) https://t.co/UnW6siuA2y
EigenLayer Token Claims To Start On May 10: Claims Website https://t.co/WO6lhB8QXI https://t.co/Tn2FN8XJeU
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This is a common but basic misunderstanding of the AggLayer. It’s not an L2. To see why: consider a chain that uses EigenDA for DA, a shared proving marketplace for proof generation, and a shared sequencer/proposer. Would you call this chain an L5? This isn’t a useful framework… https://t.co/bd4l6Xg4qX
Price predictions for $FRIEND? Will there be another layer before it can be accessed? @friendtech https://t.co/kSUUpEXhdF
Price predictions for $FRIEND? Will there be another layer before it can be even accessed? @friendtech https://t.co/shjsToOXSD
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smells like $EIGEN to me just sayin https://t.co/VJ75635itf
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EigenLayer will have a token EigenDA will have a token Everyone is focused on the former, the latter should also have an FDV of $10B (currently Celestia) EigenLayer stakers should do well.