EigenLayer's New Token, Bitcoin L2s, CZ's Sentence, and More!
This Week on Unchained: Don't miss the interviews about EigenLayer's new token and the renaissance of Bitcoin Layer 2s.
EigenLayer has been in the news this week after it announced its “stakedrop,” where it will distribute EIGEN tokens to early users of the restaking platform.
Sreeram Kannan, founder and CEO of EigenLayer, and Robert Drost, CEO and executive director of the Eigen Foundation, discuss the launch of the token, a “universal intersubjective work token” and how it allows for slashing, or penalizing, for externally observable faults, such as data unavailability. The Eigen Foundation, a non-profit entity based in the Cayman Islands, was also recently established to grow the protocol and assist in creating a decentralized community.
They also address criticisms of the token’s launch, including geoblocking and the initial non-transferability of stakedrops for the community and explain why they decided to allocate an additional 100 EIGEN tokens for all participants in the stakedrop. Plus, they reveal a target date by when a decision about the token unlock date should be made.
Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Or watch it on YouTube.
Transcript Ep.640: Why EigenLayer Gave Away More Tokens After Widespread Criticism of Its Stakedrop
In this episode of Unchained, host Laura interviews Alexei Zamyatin, co-founder of Build on Bitcoin (BOB), Willem Schroé, founder of Botanix Labs, and Orkun Kılıç, co-founder of Chainway Labs. They discuss their respective projects, all of which are focused on developing Layer 2 solutions for Bitcoin.
Zamyatin’s Build on Bitcoin is a hybrid Layer 2 that connects to both Bitcoin and Ethereum, aiming to bring innovation back to the Bitcoin ecosystem. Schroé’s Botanix Labs is developing a decentralized Layer 2 solution using the ‘Spiderchain,’ which uses a series of multi-signature wallets to secure the chain. Kılıç’s Chainway Labs is building Citrea, a zk-Rollup on Bitcoin that aims to create a Bitcoin-backed economy.
All three projects are in various stages of development and testing, with BOB’s mainnet launch expected shortly.
Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Or watch it on YouTube.
In this episode, we dive deep into the controversy surrounding the EigenLayer airdrop, discussing the community’s backlash and its broader implications for token distributions in crypto. We also explore the ongoing debate over the efficacy and future of cryptocurrency points programs. The episode also delves into Martin Shkreli’s impactful campaign against Io.Net, highlighting how his public criticisms shed light on project valuations and investor trust. Additionally, we discuss CZ’s recent four-month sentencing, reflecting on the crypto community’s supportive response and considering the Department of Justice’s approach to crypto leadership.
Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Or watch it on YouTube.
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Should You Sell ETH Before the Just-Announced EigenLayer Airdrop?
As EigenLayer prepares to distribute its potentially record-setting airdrop, the Ethereum community faces a pivotal question: Will the end of point farming and subsequent token rewards prompt significant unstaking and selling of ether, or will it reaffirm investor confidence in the restaking.
5 Reasons E-Beggars Are Not Happy With EigenLayer’s Airdrop
From locked-up tokens to squabbles over EigenLayer’s snapshot date, arguments have been brewing around EigenLayer’s airdrop.
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