Zircuit Announces the Success of Its EIGEN Fairdrop Initiative, Distributing 2% of ZRC Tokens to 190,000 Eligible EIGEN Holders

George Town, Grand Cayman, November 8th, 2024, Chainwire

George Town, Grand Cayman, November 8, 2024, Chainwire

Zircuit, the chain where innovation meets security, is excited to announce the successful launch of its EIGEN Fairdrop initiative. In a first-of-its-kind move, Zircuit has allocated 2% of its ZRC tokens to eligible EIGEN holders, introducing a new model of fairness and inclusivity in the Ethereum staking ecosystem.

The EIGEN Fairdrop marks the first time a chain has distributed tokens equally to over 190,000 EIGEN holders, moving away from traditional distribution models that often favor larger stakeholders. Within the first week, over 51,000 users claimed their ZRC, showcasing the initiative's success and community impact.

The Fairdrop encompasses a wide range of contributors to the EigenLayer ecosystem, extending beyond EIGEN stakers to support Uniswap liquidity providers, EtherFi eEIGEN holders, and Renzo ezEIGEN holders.

Sreeram Kannan, Founder of EigenLayer, commented on the initiative, “Thrilled to see Zircuit introducing the first Fairdrop for EIGEN holders with 2% of their ZRC tokens. This is an amazing community-first approach, embodying fairness in the EigenLayer ecosystem, with everyone receiving the same amount.”

The Fairdrop aligns with Zircuit's vision of an inclusive Ethereum ecosystem and strengthens the EigenLayer network by recognizing all contributors. The initiative's snapshot was taken on October 8, 2024, at Ethereum Block #20919999, and included wallets with a minimum of 3 EIGEN tokens, excluding core EigenLayer team members and investors.

Zircuit is designed to protect users from hacks through its built-in, automated AI techniques that guard against smart contract exploits and malicious actors. Backed by its strong security infrastructure, Zircuit serves as the central hub for restaked assets, featuring unmatched security and enabling users to potentially earn industry-leading yields natively. With $1.8 billion in Total Value Locked (TVL), Zircuit is the premier liquidity hub for restaked assets (ETH, BTC, LSTs, and LRTs), offering users stronger security guarantees and trust.

During Mainnet, users can bridge their assets and start staking to potentially earn rewards and airdrops from the Zircuit ecosystem at the Liquidity Hub.

To learn more about Zircuit, visit zircuit.com or read the developer docs at docs.zircuit.com

About Zircuit

Zircuit provides developers with advanced features and users with peace of mind. Built by a team of web3 security experts and PhDs, Zircuit merges high performance with unparalleled security, making it the safest choice for DeFi and staking. Visit zircuit.com or follow us on Twitter/X @ZircuitL2.

Contact

JenniferZircuitjen@zircuit.com

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