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Home»TRADING NEWS»EigenLayer airdrops have been criticized due to transferability issues and allocation.
TRADING NEWS

EigenLayer airdrops have been criticized due to transferability issues and allocation.

By Crypto FlexsApril 30, 20242 Mins Read
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EigenLayer airdrops have been criticized due to transferability issues and allocation.
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The details of the EigenLayer airdrop have finally been revealed, garnering applause and attention.

Launch plans include allocating 45% of the 1.67 billion tokens to the community, with one-third of this portion distributed through airdrops over multiple seasons. In the initial season, 5% of tokens will be distributed in two parts, specifically rewarding those who have staked on the protocol.

The main concern is restrictions on token transfers at launch.

“Once the tokens are launched, they will be non-transferable for several months,” EigenLayer explains, aiming to allow time for decentralization and building consensus on utility and governance.

However, these restrictions and token allocation have caused frustration, especially among airdrop recipients.

“The 15% total supply committed to the community airdrop is 50% higher than the industry standard, so I don’t think the criticism that ‘they don’t care about the community’ is warranted,” says David Hoffman, co-owner of Bankless. said X emphasizes the differences.

Okay, the negative feedback I’ve collected is $OWN Airdrop is

– People don’t like non-transferable periods.
– People don’t like websites that claim to be geo-blocked.

Anything else?

— DavidHoffman.eth/acc🦇🔊 (@TrustlessState) April 29, 2024

This issue mirrors the controversy surrounding the Starknet airdrop last February. Tokens for investors and core contributors were initially set to be unlocked immediately after trading began, following a one-year vesting period in the background. Starknet postponed these unlocks after facing backlash.

Further criticism was raised for excluding certain countries, including the US and Canada, from airdrops and blocking VPN users, ostensibly due to regulatory concerns. These optional qualifications have left some people frustrated. userHe pointed out inconsistencies in platform access and airdrop participation.

Additionally, there are the complexities of airdrop structures and basic concepts such as intersubjective forks. explanation Objections were raised in the white paper as part of the Universal Intersubjective Work Token.

delirium The qualifications of Pendle users, who were initially thought to be excluded from the airdrop, were also revealed. Later Eigen Foundation clarify Market reaction to Pendle remained lukewarm, with the stock falling 18% following the announcement, according to CoinGecko.

Many believe that EigenLayer’s criticism is the reason Ethereum (ETH) is in the red today. The platform saw a significant surge in withdrawals to around 150,000 ETH. According to reports from Dune Analytics and DefiLlama, an amount equivalent to $457 million was eliminated.

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