EigenLayer plans to lift restrictions on EIGEN token transfers on September 30.
Once tokens become transferable, interested parties will be able to trade and transfer tokens. The project clarified that equity #token holders will have to abide by a seven-day withdrawal period to pick up their stake in EIGEN tokens.
This update follows the distribution of 86 million EIGEN tokens during the second season of the stakedrop protocol, which was open to active participants from March 15 to August 15, 2024. Tokens issued during this and the previous April stakedrop were initially non-transferable.
EigenLayer is a platform that allows users to make deposits and bets over the air and direct their funds to secure third-party networks and actively verified services. The platform provides 1.67 billion of its own tokens, which are used as part of a crypto-economic security system called intersubject forking.
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Trading platforms like Hyperliquid value EIGEN's derivative tokens at around $3.4, with a fully diluted valuation of $ 5.4 billion.
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