The Protocol: Lido Backers vs EigenLayer
In this week’s issue, we’ve got the scoop on a new possible rival to restaking pioneer EigenLayer. PLUS Are meme coins an investable asset class? With the latest Runes data and $70M of project fundraisings.
EigenLayer
EigenLayer Opens Claims for Airdrop of EIGEN Token, Though It’s Non-Transferable
Perpetual futures markets price the fully diluted value of the token at around $15 billion.
EigenLayer’s EIGEN Airdrop Might Signal Demise of Once-Popular ‘Points’
EIGEN’s airdrop comes after a wave of criticism of its distribution plan and points program.
Lyra Finance Now Lets Liquid Restaking Token Holders Earn Extra Yields From Automated Trade Strategies
LRT holders can tokenize any yield-bearing strategy to generate an annualized percentage yield of 10% to 50%.
The Protocol: EigenLayer’s ‘Intersubjective Forking’ Is Objectively Not Done
Much-hyped restaking project EigenLayer’s 43-page whitepaper about its now-revealed EIGEN token has raised lots of questions. They may not matter initially, because much of the promised functionality won’t be ready when the token launches.
Restaking ‘Gold Rush’ Spreads to Solana From Ethereum, With Jito and Others Joining In
Restaking has taken hold of the Ethereum ecosystem. With Jito and a handful of other companies building for Solana, can the trend spread?
Why Eigenlayer’s Airdrop Is Controversial
Although it’s actually conservative.
EigenLayer, After Touching Off Restaking Frenzy, Plans Own EIGEN token
Some 45% of the EIGEN token supply will go towards the EigenLayer community, while investors will be allocated 29.5% of the token supply, and 25.5% will go towards early contributors.
EigenLayer-Powered Aligned Layer Raises $20M to Make ZK Proofs Faster, Cheaper on Ethereum
The fundraise was led by Hack VC and included contributions from DAO5, L2Iterative, NomadCapital_io, FinalityCap, Symbolic VC and Theta Capital.
Ether.Fi Inks $500M Restaking Deal With RedStone Oracles
Under its deal with RedStone, Ether.Fi will dedicate $500 million to help secure RedStone’s data oracles, which are used to pass information between blockchains and the outside world.