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

April 30, 2024 Bitcoin.com

Airdrop

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 […]

UN Experts Say North Korea Laundered 7,500,000 in Stolen Crypto via Tornado Cash in March: Report

UN Experts Say North Korea Laundered $147,500,000 in Stolen Crypto via Tornado Cash in March: Report

EigenLayer users fume over restrictive airdrop, others say it’s ‘generous’

April 30, 2024 Coin Telegraph

Coin Telegraph

Ethereum restaking protocol Eigenlayer has promised to allocate 15% of EIGEN supply to the community, but not everyone was happy about it.

Users who felt left out of the recently announced Eigenlayer airdrop have lashed out at the restaking protocol’s Monday announcement — highlighting its non-transferable token structure, aggressive geo-restrictions, and an apparently short snapshot period.

Eigenlayer — the second largest protocol with $15.67 billion in total value locked (TVL) — unveiled the specifics of its long-expected “stakedrop” in an April 29 blog post.

Despite the protocol never officially confirming an airdrop until Monday, speculators seemed to be more than fine with adding their already-staked Ether (ETH) to Eigenlayer — adding more than $15.7 billion to the protocol since its inception — hoping to receive an airdrop at some point in the future.

UN Experts Say North Korea Laundered $147,500,000 in Stolen Crypto via Tornado Cash in March: Report

EigenLayer unveils EIGEN token with an airdrop set to May 10

April 29, 2024 The Crypto Briefing

Airdrop

The Eigen Foundation's new EIGEN token will be airdropped to Ethereum stakers on May 10, granting 5% of the token's total supply.

The post EigenLayer unveils EIGEN token with an airdrop set to May 10 appeared first on Crypto Briefing.

UN Experts Say North Korea Laundered $147,500,000 in Stolen Crypto via Tornado Cash in March: Report

What is EigenLayer? Ethereum’s restaking protocol, explained

April 19, 2024 Coin Telegraph

Coin Telegraph

With EigenLayer, restakers earn additional rewards, while developers get access to Ethereum’s robust security with less investment.

EigenLayer aims to eliminate a critical barrier many new DApps face by providing developers with an established security framework.

Ethereum has come a long way since its launch in 2015. It has held its position as the most influential blockchain, successfully transitioned from proof-of-work (PoW) to proof-of-stake (PoS), and is the foundation for many innovative crypto projects.

UN Experts Say North Korea Laundered $147,500,000 in Stolen Crypto via Tornado Cash in March: Report

Ethereum liquid restaking drove DeFi TVL to $100B in first quarter

April 19, 2024 Coin Telegraph

Ethereum liquid restaking drove DeFi TVL to 0B in first quarter

Coin Telegraph

Protocols such as Lido and EigenLayer have been behind the DeFi TVL resurgence.

Decentralized finance total value locked (TVL) almost doubled in the first three months of this year compared to the previous quarter, partially driven by Ethereum liquid restaking initiatives, according to recent research.

DeFi total value locked surged from a Q4 2023 low of $36 billion to peak at almost $97 billion in the first quarter of 2024, according to DefiLlama. Since the beginning of the year, it has increased by 81% to a two-year high of $98 billion last week.

Messari reported slightly higher TVL figures on April 18, noting that DeFi collateral increased by 65.6% quarter-on-quarter to reach $101 billion. However, it attributed this growth to the prices of the underlying assets increasing and liquid restaking.

UN Experts Say North Korea Laundered $147,500,000 in Stolen Crypto via Tornado Cash in March: Report

Eigenlayer Launches on Ethereum Amid Concerns Over Centralization and Potential Security Threats

April 18, 2024 Bitcoin.com

bitcoin.com

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 […]

UN Experts Say North Korea Laundered $147,500,000 in Stolen Crypto via Tornado Cash in March: Report

27% of Ethereum Now Staked: $98 Billion Committed as Interest Peaks

April 17, 2024 Bitcoin.com

27% of Ethereum Now Staked: Billion Committed as Interest Peaks

bitcoin.com

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; […]