Eigenlabs


Finance

Foundation behind restaking protocol EigenLayer plans bigger rewards for active users

An Incentives Committee would direct programmatic token emissions, focusing allocations on participants that secure AVSs and contribute to the EigenCloud ecosystem.

EigenLayer CEO Sreeram Kannan (University of Michigan, modified by CoinDesk)

Finance

Eigen Labs Axes 25% of Staff to Focus on Building EigenCloud

Eigen Labs, backed by $220 million in venture funding, will continue to operate its EigenLayer and EigenDA protocols as part of EigenCloud.

Empty office with lights on (Fiqih Alfarish/Unsplash)

Finance

EigenLayer's Token Launch Draws Scrutiny Over Supply Concerns

The token has dropped from $4.39 to $3.57 since it went live.

EigenLayer founder Sreeram Kannan at ETHDenver 2024 (Danny Nelson/CoinDesk)

Finance

EigenLayer's EIGEN Token Slides 12% After Debuting at $6.51B FDV

The token initially rose to $4.26 but has since fallen back to $3.77.

EigenLayer founder Sreeram Kannan at ETHDenver 2024 (Danny Nelson/CoinDesk)

Finance

EigenLayer to Distribute 86M Tokens to Stakers, Node Operators

The tokens equate to around 5% of EIGEN's total supply.

Pyth issues token airdrop (ian dooley/Unsplash)

Tech

Top Crypto Startup Drove Other Projects' Airdrops to Its Employees

Eigen Labs circulated a list of team members' wallet addresses to EigenLayer ecosystem projects that were preparing to issue tokens. Some teams asked for it. At least one didn't.

EigenLayer founder Sreeram Kannan at ETHDenver 2024 (Danny Nelson/CoinDesk)

Tech

Second Ethereum Foundation Researcher Acknowledges Advisory Deal Paid in EIGEN

The news set off a debate on the social-media platform X about whether advising the EigenFoundation might constitute a conflict of interest – given the flagged risks to Ethereum from restaking protocol EigenLayer.

Ethereum Foundation researcher Dankrad Feist, namesake for "proto-danksharding," a major component of Ethereum's upcoming "Dencun" upgrade. (Bradley Keoun)

Tech

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.

Crypto projects are offering "points" to lure in new users. (Sigmund/Unsplash)

Learn

What Is Restaking? What Is Liquid Restaking? What Is EigenLayer?

EigenLayer and similar "restaking" protocols are currently the buzziest investment in blockchain, but the technology isn't without risks.

Recycling (Pawel Czerwinski/Unsplash)