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The big one is finally coming! An article summarizing the key information and valuation predictions of EigenLayer airdrop

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Release: 2024-04-30 15:34:21
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Author: Azuma, PANews

In the early morning of April 30th, Beijing time, EigenLayer, the core project of the re-staking track, officially announced its currency issuance and airdrop plan. —— It is planned to officially open the airdrop application for the token EIGEN on May 10.

In fact, before the official announcement of Eigen Layer, community members had discovered some clues about the airdrop. First, many community users discovered that Eigen Layer has opened a foundation account Eigen Foundation on the Comes with the "eigenfoundation.org" domain name. Another community user discovered that the Sub Domain Finder information shows that multiple subdomain names including "claims . eigenfoundation . org" have been created below the main domain name "eigenfoundation . org", which has a very obvious airdrop direction.

Perhaps because the above information quickly fermented on social media last night, EigenLayer simply "stopped hiding it" and directly released the official announcement. Next, Odaily Planet Daily will combine white papers, documents, announcements and other existing official materials to extract all the key information about the EIGEN airdrop for you.

大的终于要来了!一文梳理 EigenLayer 空投关键信息及估值预测

EIGEN Token Utility

According to the white paper published by Eigenlayer on GitHub, unlike common governance tokens, EIGEN is positioned as a universal , Verifiable "work token" (work token). The so-called "work tokens" refer to utility tokens that can be staked by participants to perform certain tasks (such as blockchain verification). If a participant violates a specific work commitment, the staked " "Work tokens" may be subject to slash penalties.

In the context of EIGEN, EIGEN staking aims to functionally supplement ETH re-staking. It introduces a brand-new mechanism to deal with those subjective "errors", such as errors that cannot be identified on the chain but Behavior that still needs to be punished. In other words, Eigenlayer will support the complementary staking model between ETH and EIGEN. ETH staking is mainly used to solve objective consensus issues (which can be roughly understood as whether nodes are doing bad things), and EIGEN staking is mainly used to solve Questions related to subjective economic benefits (which can be roughly understood as whether the node is doing something reasonable).

Through EIGEN's pledge, EigenLayer can ensure that it maintains a full range of verification capabilities without forking the Ethereum mainnet consensus, and is expected to unlock a series of powerful economic security that was impossible to achieve before. Active Verification Service (AVS), such as activating new innovations in oracles, DA, databases, AI, game virtual machines, intent and order matching, MEV engines, prediction markets, and many other aspects.

大的终于要来了!一文梳理 EigenLayer 空投关键信息及估值预测

Token Supply and Distribution Mechanism

According to The Block’s disclosure, the total supply of EIGEN tokens at creation will be 1.67 billion. The specific allocation is as follows.

45% of EIGEN tokens will be distributed to the community, This share will be further broken down into airdrops (15%, which will be discussed in detail below), community plans (15%), and Ecosystem development (15%) three directions.

29.5% of EIGEN tokens will be distributed to investors, 25% of EIGEN tokens will be distributed to early contributors, The shares of investors and early contributors will be unlocked in three years , the first will be fully locked, and will be gradually released at a monthly rate of 4% over the next two years.

Detailed explanation of the airdrop mechanism

For ordinary users, the most concerning issue at the moment is the airdrop situation.

Eigenlayer has now opened the inquiry page for the airdrop quota of the first phase of the first quarter. Users can directly check the airdrop share they can obtain.

As mentioned above, Eigenlayer will distribute 15% of EIGEN tokens in the form of airdrops, and the officially announced first quarter airdrop plan of this issue will distribute 5% of EIGEN tokens. The snapshot of the first quarter airdrop plan is March 15, 2024, and the airdrop claim period is from May 10 to September 7.

The first airdrop (Season 1) will be divided into two phases, The first phase (Phase 1) will allocate 90%, and the airdrop will be distributed to re-pledge directly through EigenLayer, or are users who have re-pledged through the liquidity re-pledge protocol; 10% will be allocated in the second phase (Phase 2), which will be distributed to users who interact with EigenLayer in more complex ways (such as Pendle, Equilibrium). The airdrop is expected to begin in a month.

As for the follow-up second season and potential airdrop plans for more seasons, Eigenlayer only mentioned that the second season is in progress, and users should pay attention to official channels to learn the specific information that will be announced in the future.

EIGEN circulation issue

It is worth emphasizing that EigenLayer has clearly mentioned in the white paper: In order to achieve full decentralization, EIGEN tokens will be non-transferable (non-transferable) in the early stage of application. status.

大的终于要来了!一文梳理 EigenLayer 空投关键信息及估值预测

According to official documents, It is expected that this non-transferable state will last for several months (in the com in g months), to be completed" The community fully discusses EIGEN's supplementary staking mechanism, "activation of AVS's payment and forfeiture mechanism", "wide distribution of tokens" and other matters before activating the transfer function.

大的终于要来了!一文梳理 EigenLayer 空投关键信息及估值预测

How is EIGEN valued?

As the core and underlying project of the re-staking track, EIGEN's valuation obviously has a very broad imagination - especially under the premise that upper-level LRT protocols such as ether.fi have billions of dollars in FDV .

大的终于要来了!一文梳理 EigenLayer 空投关键信息及估值预测

Currently, Aevo has listed EIGEN in pre-market trading. As of the time of publication, it was temporarily quoted at $10.3, which may be used as a potential reference.

Currently, since the trading market on Aevo is only open for a few hours, and the trading volume of pre-market trading is relatively low, this value cannot accurately represent EIGEN's future launch and unlocking of the transfer function. The real performance after that, all the answers may not be revealed until a few months later.

The above is the detailed content of The big one is finally coming! An article summarizing the key information and valuation predictions of EigenLayer airdrop. For more information, please follow other related articles on the PHP Chinese website!

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source:chaincatcher.com
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