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EigenLayer, the second-largest DeFi protocol with $15.952 billion in total value locked, recently announced its native token's stakedrop. However, the distribution details have sparked disappointment and criticism within the crypto community. This article explores the allocation strategy, criticisms, and potential implications for EigenLayer. (Read More)
The EIGEN token will be used to form consensus around data that is off-chain but easily verifiable, such as whether someone won a bet or adequately stored data.
The restaking protocol will start by targeting crypto-native apps, with EigenDA serving as a beachhead for onboarding, Sreeram Kannan said.
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