EigenLayer – Page 2

Eigenlayer’s Airdrop Faces Backlash Over Token Restrictions and Minimal Allocations

April 30, 2024

The announcement of Eigenlayer’s airdrop, featuring non-transferable tokens and aggressive geo-restrictions, has sparked outrage among users who felt the allocated amount was minimal and the documentation confusing. Despite adding over $15.7 billion in staked Ether in anticipation, participants criticized the linear distribution model favoring large restakers and the stringent geographic limits excluding users from 30…
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Eigenlayer Launches on Ethereum Amid Concerns Over Centralization and Potential Security Threats

April 18, 2024

Eigenlayer launched on Ethereum’s mainnet with over $12 billion in total value locked, aiming to create a restaking ecosystem which, while promising lucrative prospects, may introduce unforeseen risks including potential centralization and the threat of slashing cascades impacting Ethereum’s security. The launch was executed with certain safeguards, such as the temporary disabling of slashing and…
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27% of Ethereum Now Staked: $98 Billion Committed as Interest Peaks

April 17, 2024

Recent data reveals that over 27% of all ether, amounting to 32,472,720 ethereum, is currently staked, as interest in this activity has heightened significantly within the past year. Liquid staking derivative (LSD) protocols have locked in more than $40 billion, with Lido Finance holding $28.77 billion of that sum. Staking Captures 27% of Ethereum Supply;…
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Eigen Labs Secures $100 Million A16z Investment for Ethereum Protocol Expansion

February 22, 2024

On Thursday, the Eigen Labs development team, responsible for the Eigenlayer restaking protocol, announced a $100 million investment from A16z Crypto. This substantial funding comes after the project’s $50 million Series A round in March 2023. Eigenlayer’s Development Team, Eigen Labs, Garners $100M from A16z Crypto Eigen Labs has secured a $100 million investment from…
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Andreessen Horowitz Supports Crypto Startup EigenLayer With $100 Million Investment

February 22, 2024

Venture Capital firm Andreessen Horowitz has invested $100 million in crypto restating startup EigenLayer after its latest funding round. A new Bloomberg report shows the company backed the startup with a $100 million investment as it gains popularity with its restaking model. Venture firm Andreessen Horowitz invested $100 million in crypto startup EigenLayer, suggesting that…
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Ethereum Restaking Draws $4.4 Billion to EigenLayer Amid Surging Interest

February 15, 2024

Over the past 10 days, EigenLayer witnessed a major increase in inflows, receiving over $4.4 billion with its Ethereum restaking feature as a key contributor. According to data from DefiLlama, there is now $1.93 billion worth of wrapped ether tokens locked on the protocol, as well as $2.73 billion worth of staked ether. EigenLayer’s total…
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Over 680,000 Ethereum Added to Liquid Staking Protocols in Just 28 Days

August 26, 2023

In less than a month, despite a downturn in cryptocurrency markets, over 680,000 ethereum (ETH) has been added to liquid staking derivatives protocols. Lido Finance, the leading liquid staking platform, experienced a supply increase of 5.94%, surging from 7.91 million to 8.38 million ETH since July 29. Ether Held in Liquid Staking Jumps From 10.65…
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Vitalik Buterin declares he is not staking all of his ETH, merely a ‘small portion’

July 2, 2023

Ethereum co-founder Vitalik Buterin explained the “biggest reason” is because it has to be on a multisig – which are still “fairly difficult” to set up. Ethereum co-founder Vitalik Buterin stated that he does not stake all of his Ethereum (ETH) due to multisignature (multisig) wallets being “complicated in a bunch of ways.” On the…
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Ethereum ‘re-staking’ protocol EigenLayer launches on testnet

April 7, 2023

The re-staking collective aims to address Ethereum validator economic incentives. A new protocol that allows Ethereum validators and stakers to “re-stake” their assets onto other emerging networks has just launched on testnet. The mainnet launch of the EigenLayer protocol is not expected until Q3, however, and testing will be phased in three stages to onboard…
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