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$EIGEN Token Announcement With Sreeram Kannan and Robert Drost
Apr 29, 2024
Sreeram Kannan, co-founder of Eigenlayer, and Robert Drost, director of the Eigenlayer Foundation, break down the innovative $EIGEN token. They introduce the unique 'Stakedrop' concept, detailing its phased rollout and governance through social consensus. Discussions cover intersubjective forking, which enhances security and cements community trust, alongside the importance of transparency in token utility. They also delve into Eigenlayer's role in minimizing barriers for Ethereum innovation while navigating the evolving crypto regulatory landscape.
01:11:55
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Quick takeaways
- Eigen token introduces unique features like Intersubjective Forking for network security.
- Eigenlayer's stake drop phases cater to diverse ecosystem activities for decentralized governance.
Deep dives
Overview of Season One of Eigenlayer Stake Drop
Season one of the Eigenlayer stake drop has begun, marking the launch of the first 5% of Eigen token supply for staking. The stake drop consists of two phases, with 90% distribution in phase one and 10% in phase two, catering to different activities on the Eigenlayer ecosystem. This phase signifies a pivotal moment in completing the Eigenlayer system.
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