Importance of Crypto Economic Security in Eigen Network

1min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

The eigen network emphasizes the importance of crypto economic security in increasing decentralization. This includes the implementation of a crypto economic slashing system and the ability for users to delegate and stake their tokens. Staking provides value to the eigen network by enhancing decentralization and security. The goal of the eigen layer is to facilitate the creation of general-purpose networks like Ethereum or Filecoin without the need to assemble separate components for network operation and security.

Eigenlayer token details are here! Don’t call it an Airdrop - This is a Stakedrop — because that’s the only thing you can do with your EIGEN tokens out of the gate.

15% of the total Supply of Eigen distributed over multiple Seasons, Season 1 starts today with 5% of the supply, and one of the most sophisticated set of smart contracts on Mainnet. EIGEN is not your typical ERC20 token. It’s got this feature called “Intersubjective Forking” that increases the scope of what Eigenlayer can provide security for.

In addition to the token details getting released, we’re also getting the Eigen Foundation, with a new director Robert Drost - who joins Sreeram today to walk us through everything you need to know.

Foundation Page: https://eigenfoundation.org/

Claims Page: https://claims.eigenfoundation.org/ ------ 🏹 USE PODCAST24 FOR 10% OFF https://bankless.cc/Citizen2024 ------ 🎧 Listen On Your Favorite Podcast Player: https://bankless.cc/Podcast ------ BANKLESS SPONSOR TOOLS:

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

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

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

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

🔐 SAFE | USE SAFE, GET REWARDED https://bankless.cc/SafePass_pod

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

🏙️ CONSENSUS | SAVE 20% WITH CODE BANKLESS https://bankless.cc/4aykesD

------ TIMESTAMPS 00:00:00 Start 00:03:39 What is a Stakedrop? 00:08:51 Allocation Details 00:15:53 Phase 1 and Phase 2 00:19:38 Locked Token Utility 00:24:30 When Are Tokens Unlocked? 00:31:04 Intersubjective Forking 00:36:30 Building WWIII Resistance 00:42:15 History Behind Their Decision 00:53:03 Eigenlayer Foundation 00:56:38 Future of Points 00:58:38 US Citizens Blocked 01:01:47 Token Allocation Thoughts 01:05:10 What's Next?

------ RESOURCES Foundation Page: https://eigenfoundation.org/

Claims Page: https://claims.eigenfoundation.org/

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