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Bankless

ROLLUP: $EIGEN Token Launch | CZ Going to Jail | Stripe Crypto Support | Market Bottom In?

May 3, 2024

01:27:14

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Snipd AI

The podcast covers topics like Eigen token launch, CZ potentially going to jail, Stripe's crypto support, and the market bottom post-April downturn. It also discusses Bitcoin miner struggles, Solana's season, and the $EIGEN StakeDrop. The hosts explore tokenomics, stake drop specifics, and community sentiments surrounding token launches. Additionally, they touch on the dynamics of token launches, community influence, CZ's legal negotiation speculation, and Stripe's crypto support.

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Eigenlayer token distribution model faced criticism over minimum allocation and VPN restrictions.

Participants expressed dissatisfaction with Eigen tokens' non-transferability and unclear timeline.

Snapchat date discrepancy caused exclusion and uncertainty among Eigen token claimants.

Eigenlayer's risk-averse approach included geo-fencing to comply with securities regulations.

Deep dives

Eigenlayer Token Distribution and Linear Model

The Eigenlayer release introduced their token with a linear distribution model, where participants staked Ether to earn points that translated into Eigen tokens. The distribution was determined by a snapshot taken on March 15th, with 5% of the total supply allocated for season one. Despite the linear distribution, some participants expressed grievances over the distribution model, particularly regarding the minimum allocation of 10 Eigen tokens.

1.

Introduction

2min

2.

Personal Sparring Experience Turns Injury

2min

3.

Poly Market Odds and Transporter Bridging App Discussion

2min

4.

Analysis of Bitcoin and Ether price movements and factors behind recent decline

2min

5.

Exploring Seasonality in Crypto and Traditional Markets

2min

6.

Bitcoin ETFs, Miner Efficiency, and Solana's Performance

14min

7.

Introduction of Eigen Layer and Richest Person in Crypto Jail

3min

8.

Launching Eigen Token Restaking Protocol

14min

9.

Critical Analysis of Token Launch Strategy

13min

10.

Navigating the Dynamics of Token Launches and Community Influence

12min

11.

Crypto Negotiation Speculation and Sponsor Highlights

5min

12.

The Crypto Landscape: Stripe's Crypto Support and Stablecoin Competition

18min

Bankless Friday Weekly Rollup First Week Of May ------ 📣 TRANSPORTER - SECURED BY CHAINLINK CCIP | TRY IT OUT https://www.transporter.io

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2 ⁠

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle

🌐 CARTESI | APPLY FOR A GRANT https://bankless.cc/CartesiGovernance

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo

🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku

⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum

------ TIMESTAMPS & RESOURCES 00:00:00 Start

00:01:04 David's Eye Update https://x.com/TrustlessState/status/1783846598813814785

00:05:52 Markets https://pro.kraken.com/app/trade/btc-usd https://pro.kraken.com/app/trade/eth-usd https://twitter.com/nicrypto/status/1785607112682246286

00:11:17 BTC Miners Struggling https://twitter.com/RhoRider/status/1784720608691159410

00:13:55 BTC to $3.8 Million? https://twitter.com/DeItaone/status/1785695402819207296

00:18:52 Solana Season Over? https://x.com/0xGumshoe/status/1784240017017069849

00:25:31 The $EIGEN StakeDrop https://twitter.com/eigenfoundation/status/1785000124646572108

00:30:31 The 2 Token Model https://imgur.com/YE7PBL3

00:34:36 Distribution Details https://imgur.com/y7BEqUu

00:39:29 Locked Tokens https://x.com/TrustlessState/status/1785729436895084571

00:47:33 Eigen Team Perspective https://twitter.com/jchervinsky/status/1785373696862924997

00:56:51 Industrial Airdrop Farmers https://twitter.com/Takuiten/status/1785220889161998635

01:01:05 CZ Sentenced to Jail https://x.com/BitcoinMagazine/status/1785384669812273570 https://x.com/cz_binance/status/1785465555899822488 https://twitter.com/MikeIppolito_/status/1785388427849961678

01:08:48 Stripe Crypto Support https://x.com/collision/status/1783559623511011535 https://twitter.com/RyanSAdams/status/1783854777622724683

01:10:55 Visa's Onchain Dashboard https://twitter.com/cuysheffield/status/1783471909533106610

01:12:04 USDC overtakes Tether https://visaonchainanalytics.com/transactions https://x.com/paoloardoino/status/1785645617651274040

01:13:42 Tokenizing Treasuries https://www.franklintempleton.com/press-releases/news-room/2024/franklin-templeton-announces-availability-of-peer-to-peer-transfers-for-franklin-onchain-u.s.-government-money-fund

01:14:55 AAVE V4 https://x.com/aave/status/1785749923893223485

01:17:22 Coinbase Integrates Lightning Network https://www.coinbase.com/blog/coinbase-integrates-bitcoins-lightning-network-in-partnership-with

01:17:58 The War on Crypto https://consensys.io/blog/consensys-suing-sec-to-defend-ethereum-ecosystem https://www.ic3.gov/Media/Y2024/PSA240425 https://twitter.com/RyanSAdams/status/1783586883194265820

01:22:12 Square and Cash App Investigated https://x.com/RyanSAdams/status/1785751225062809832

01:22:56 Roger Ver Tax Fraud https://www.justice.gov/opa/pr/early-bitcoin-investor-charged-tax-fraud

01:24:37 Etherscan Bankless Partnership! https://twitter.com/etherscan/status/1785357882181214215

01:25:42 Meme of The Week https://x.com/dabit3/status/1785886486165942380

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠

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