Happy Thursday! In today’s Daily, EigenLayer plans to distribute 86 million EIGEN tokens to stakeholders. World Coin World
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EigenLayer’s Latest Token Distribution Plan
EigenLayer has announced plans to distribute 86 million EIGEN tokens to stakeholders through a Season 2 “Stakedrop,” representing approximately 5% of the fully diluted token supply of 1.67 billion.
- This distribution will benefit a wide range of participants, including stakers, node operators, ecosystem partners, and community members active from March 15 to August 15.
- EigenLayer is a platform that allows users to deposit and stake Ether, with the goal of allocating these funds to secure third-party networks or actively verified services (AVS).
- A total of 70 million tokens will be provided to stakers and active node operators, with allocation determined by the amount of Ether staked.
- Up to 10 million EIGEN tokens are set aside for AVS, rollups, liquid re-staking protocols, rollup service providers, and other participants in the EigenLayer ecosystem.
- The remaining 6 million EIGEN tokens are reserved for community members, including open source contributors and early advocates, who must verify their social identity by September 11th.
- Eligible stakeholders will be able to claim tokens starting September 17th.
- EigenLayer’s total locked value has fallen from its all-time high of $20.1 billion in June to $11.5 billion, reflecting similar trends across the liquidity restaking sector and the broader cryptocurrency market downturn.
- EIGEN tokens are not yet tradable, but pre-markets like Hyperliquid value each token at around $2.70, giving EigenLayer a theoretical fully diluted value of $4.5 billion.
WorldCoin Aims for Facebook-Like Scale
Alex Blania, CEO of core developer Tools for Humanity, told Korea Blockchain Week that Worldcoin aims to achieve global scale by mass distributing gaze-scanning “Orbs” to verify users and increase usability.
- “I think fundamentally, like other networks like PayPal or Facebook that have emerged over the past few decades, they only become useful after they reach scale,” he added.
- WorldCoin has over 6.5 million verified users in over 160 countries and claims to have a vision of protecting people from the potential negative impacts of AI by issuing a “World ID” that uses an iris scan to prove one’s human identity and exchanging it for WLD tokens.
- According to Blania, the project is also set to announce “exciting updates” for its next-generation Orb device, which is expected to launch in the coming weeks.
Robinhood Settles with California DOJ Over Crypto Withdrawal Limits
Robinhood’s crypto division has agreed to pay a $3.9 million fine to the California Department of Justice for restricting cryptocurrency withdrawals from its platform from 2018 to 2022.
- The settlement resolves an investigation that alleged users were misled and forced to sell their cryptocurrencies back on Robinhood instead of withdrawing their assets.
- Robinhood must now ensure that customers can withdraw their crypto assets, and make it clear that the platform can hold crypto and delay settlement with exchanges.
- Despite the punishment, Robinhood continues to expand in the crypto space, with plans to acquire Bitstamp, a cryptocurrency exchange worth a potential $200 million, set to close in 2025.
Skyscanner integrates with Travala to allow hotel bookings with over 100 cryptocurrencies.
Global travel marketplace Skyscanner has integrated with BNB Chain-based travel platform Travala to offer hotel bookings in over 100 cryptocurrencies, including Bitcoin, Ether, and Travala’s native token, AVA.
- The integration means Travala’s inventory of 2.2 million hotels across 230 countries is now available to Skyscanner’s 110 million users, searchable alongside major travel agents such as Expedia and Booking.com.
- “As more and more travellers choose alternative payment methods, we want to make travel planning easier and more flexible,” said Sanja Vukik, Skyscanner’s head of hotels.
- Travala users who book through Skyscanner can earn rewards through the AVA Smart program, including discounts, up to 10% Bitcoin rebate, and other Web3 incentives.
Trump widens lead over Harris in Polymarket by 7 percentage points
Donald Trump has widened his lead over Kamala Harris to 7 percentage points on decentralized forecasting platform Polymarket, the largest lead since Aug. 22.
- According to the platform, Republican Trump currently has a 53% chance of winning the US presidential election, while Democrat Harris has a 46% chance, a reversal from the lead Harris held since becoming the party’s nominee to replace President Joe Biden.
- But Polymarket’s approval rating stands in stark contrast to the national polling average, which has Harris ahead at 47 percent to Trump’s 44 percent, according to analysts at Bernstein, a research and brokerage firm.
within the next 24 hours
Eurozone GDP figures are due out at 5 a.m. ET on Friday. The U.S. nonfarm payrolls report is due out at 8:30 a.m. ET.
- U.S. FOMC member John Williams is scheduled to speak at 8:45 a.m.
- Korea Blockchain Week and
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