Thought experiment
You’re a last cycle crypto guy who’s looking to invest in some good technology to find the next gem
You think:
Ethena, wow, changes the game on yield! Bam goes to zero
Eigenlayer, wow this is going to change ethereum! Bam goes to zero
Berachain wow proof of liquidity! Bam goes to zero
Wow Chris Burniske is talking about TIA this must be great! Bam Subzero
ARweave wow AO computer tech! Bam zero
im safe in Ethereum! Bam fucking zero
Okay let me stick to projects that coinbase lists since they have an intensive vetting process!
Buys new coinbase listings
Bam literally all of them go to zero within a week
You quit
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EigenLayer reposted
Su
We're still actively looking for Ambassadors in APAC!
By joining EigenAlpha, you'll get access to:
- Educational content and deep dives into EigenLayer
- Mentorship and guidance from the core team (including Sreeram, Nader, and more)
- Training and support to create content or run events (virtual & IRL)
- Retroactive rewards and incentives for your contributions every month
- Incentives for Virtual and IRL Events, content creation, memberships for tools and an Education Incentive.
Send me a DM if you're keen!
EigenLayer
EigenAlpha: The Beginning
Starting today, global builders can apply to represent EigenLayer in their local communities, build their professional network, and contribute to our ecosystem of Infinite Possibilities.
More on our community ambassador program 👇
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Zach
Eigenlayer will solve this
sassal.eth/acc 🦇🔊
We don't need more L1's
We don't need more L2's
We do need a lot more apps
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2.51K
0
Marcin | real-time oracle arc ⚡️
Slashing on EigenLayer live. Good job @sreeramkannan and the team.
EigenLayer
Slashing goes live on mainnet today! 🥳
The protocol is now feature-complete.
Programmable trust is no longer a concept. It’s code.
Let’s talk about what this unlocks & why it matters. 🧵
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Eigen price performance in USD
The current price of Eigen is $0.94400. Over the last 24 hours, Eigen has decreased by -2.90%. It currently has a circulating supply of 262,190,049 EIGEN and a maximum supply of 1,721,281,227 EIGEN, giving it a fully diluted market cap of $246.51M. At present, the Eigen coin holds the 104 position in market cap rankings. The Eigen/USD price is updated in real-time.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
EIGEN is a universal intersubjective work token within the EigenLayer protocol. It's called an "intersubjective" token because it's designed to address intersubjective faults in a network. These are faults where there's consistent agreement among the majority of network participants that a malicious act has been committed. As a result, EIGEN helps to secure the network by discouraging inconsistent behaviors.
The EigenLayer protocol allows stakers of ETH, the native token of the Ethereum network, to extend the network's security to other applications across the EigenLayer network through a novel concept known as restaking. Here, ETH stakers can restake their tokens to secure other protocols built on EigenLayer, without the need to build a separate validator set.
How does EIGEN work?
Where ETH is used to secure services or protocols, EIGEN helps to address intersubjective faults that deserve a penalty by introducing intersubjective staking. In this situation, stakers who act outside of the network's rules can be penalized through slashing. Slashing sees individuals lose a quantity of their staked ETH. According to the project, through this approach, the EIGEN token allows the token to be forked without forking the Ethereum mainnet consensus.
EIGEN is also used to secure EigenDA, a data availability layer that supports Ethereum rollups.
Price and tokenomics
Season one of stakedrop claims for the EIGEN token opened on May 10, 2024. Here, 6.05% of the token's total supply of 1.67 billion EIGEN were made available to eligible users. Season one phase two of the stakedrop launched in June 2024, and made a further 0.7% of the total token supply available. According to the project, future seasons will see a further 1.5% of the total EIGEN tokens released.
Alongside the 15% of tokens allocated to stakedrops, 15% will go towards community initiatives, with 15% allocated to ecosystem development. A further 29.5% will be allocated to investors, with 25.5% assigned to early contributors.
All tokens allocated to investors and core contributors will remain fully locked up for one year after the date on which the token first becomes transferrable for the community. After this date, the EIGEN tokens allocated to investors and core contributors will be unlocked at a rate of 4% per month. This means EIGEN held by investors and core contributors won’t be fully unlocked until three years after the date the tokens first become transferable for the community.
About the founders
EigenLayer was founded in 2021 by Sreeram Kannan, a former professor at the University of Washington. Kannan remains as the project's CEO today. EigenLayer is developed by Eigen Labs, a research organization "focused on contributing to protocols that supercharge open innovation on Ethereum", according to the company's official X account.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 976 new posts about Eigen, driven by 709 contributors, and total online engagement reached 145K social interactions. The sentiment score for Eigen currently stands at 73%. Compared to all cryptocurrencies, post volume for Eigen currently ranks at 0. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Eigen.
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Posts
976
Contributors
709
Interactions
145,179
Sentiment
73%
Volume rank
#0
X
Posts
505
Interactions
52,582
Sentiment
80%
Eigen FAQ
How much is 1 Eigen worth today?
Currently, one Eigen is worth $0.94400. For answers and insight into Eigen's price action, you're in the right place. Explore the latest Eigen charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Eigen, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Eigen have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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