Crypto: How to win the EigenLayer airdrop jackpot?

The highly anticipated EigenLayer protocol airdrop, introducing the revolutionary concept of “restaking” on Ethereum, is now available. Find out in this article how to position yourself to potentially pocket the jackpot.

EigenLayer, the crypto airdrop of the century launched!

EigenLayer is an innovative protocol built on Ethereum that allows validators to reinvest their ETH staking earnings to secure third-party decentralized services, while retaining their base revenue from the Ethereum network. This new feature is called “restaking”.

Concretely, EigenLayer acts as a shared security hub. ETH validators can use their funds staked via EigenLayer smart contracts to strengthen the security of actively validated decentralized applications (AVS). In exchange, they receive additional commissions.

The concept of restaking is truly revolutionary, because it optimizes the capital invested in staking in two ways: it maximizes its use for the security of the decentralized ecosystem as a whole, while generating very attractive additional income for the validators themselves.

In essence, the restaking developed by EigenLayer opens the way to a new era for Ethereum staking and the security of dApps, while boosting validator earnings. An innovation that promises to be a landmark!

Why is this airdrop so anticipated?

Since launching in June 2023, EigenLayer has raised $50 million in a funding round valuing the company at $500 million. Prestigious investors like Coinbase Ventures or Polychain Capital have injected funds.

Since then, the meteoric growth of the protocol has not waned. Today, EigenLayer secures a staggering $7.67 billion in total value locked (TVL). A thunderous success in just a few months, portending an extremely promising future.

EigenLayer secures a staggering $7.67 billion in total value locked (TVL).

To reward and retain its growing community, EigenLayer announced a massive airdrop of its native token EIGEN. To date, 1.67 billion loyalty points have already been distributed to users of the protocol, at the rate of 62.2 million new points every day. On the Whales Market secondary market, these points are currently trading around $0.15 to $0.16 per unit.

On Whales Market, these points trade around 0.15 to 0.16 dollars per unit

According to some analysts, if we took a snapshot of the points distribution today, the total value of the airdrop would reach approximately $267 million at this point.

Assuming 10% of the total allocated to the airdrop, this would equate to a dizzying market capitalization of $2.67 billion upon the launch of native crypto EIGEN!

However, it seems that the event is not happening right away: according to market predictions Polymarketonly 11% chance exists that the drop will actually take place before April 30, 2024.

Regardless, the distribution of points will continue until then. If we rely on the cautious estimates of certain specialists, the total value of this titanic airdrop could reach up to $750 million next July. A gigantic windfall for point holders!

How to claim the airdrop?

EigenLayer distributes loyalty points to users participating in restaking on its platform. The more funds you keep and for longer, the more valuable points you accumulate.

To optimize your chances of recovering a significant portion of the upcoming airdrop, here is the procedure to follow:

  1. Obtain a Liquid Staking token (LST) such as swETH or ETHx
  2. Deposit your LST for restaking on the official EigenLayer website: https://app.eigenlayer.xyz
  3. Wait until the airdrop is distributed. Your loyalty points will then be converted into EIGEN tokens.

The sooner you start storing funds, the higher your chances of hitting the jackpot will remain. According to some projections, the price of the EIGEN crypto could move between 2 and 10 dollars at start-up.

With nearly $7 billion already secured on the protocol, the EigenLayer airdrop is already shaping up to be one of the most prolific of 2024.

By restaging your cryptos via EigenLayer now, you are ideally positioned to collect the coveted EIGEN token and potentially pocket the jackpot.

If the hype persists around the project, this historic airdrop could establish EIGEN as one of the most valuable tokens in crypto upon its launch. But to take full advantage of this colossal potential, it is better to be one of the first contributors!

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