PANews reported on October 3rd that according to Coindesk, EigenLayer has been criticized after it was revealed that the staking rewards received by early investors were not restricted by token locks. Investors and community members complained about the lack of transparency in the supply of EigenLayer tokens. The total supply of EIGEN is fixed at 1.68 billion, the circulation is 186 million, the FDV reaches 5.8 billion US dollars, and the market value (excluding uncirculated tokens) reaches 650 million US dollars. Many questions raised by community members stem from some of these locked tokens, which belong to early investors who purchased them in financing rounds at a significant discount.
Investors who bought into EigenLayerâs $14.4 million seed round, $50 million Series A round, and the latest $100 million round in February can now stake their locked tokens for returns. A total of 130 million EIGEN tokens are currently staked. Many people believe these are part of the claimed tokens, but in fact, 70 million of them belong to this small group of early investors. EigenLayer investor TardFiWhale.eth wrote on X that the project recently updated its documents to state that âthere are no restrictions on staking for Eigen Labs investorsâ and that rewards are not subject to lock-up restrictions. The X post claims that this information was not in the archived documents in mid-September.
The EIGEN token initially rose to $4.39 after listing, before falling more than 20% to $3.57.
