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$EIGEN Token Announcement With Sreeram Kannan and Robert Drost

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Understanding the Eigen Token and Stake Drop Mechanism

This chapter introduces the 'stake drop' concept within the Eigenlayer ecosystem, highlighting the functions and features of the newly announced eigen-token. It emphasizes the importance of social consensus, the non-transferable nature of the token, and the phased rollout of the token supply, along with its implications for community engagement and staking options. The discussion also covers the technical groundwork necessary for future developments in the ecosystem and the role of user participation in shaping the protocol.

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