EigenLayer failed to provide promised gains, claims researcher Alex Obchakevich.
EIGEN token has skyrocketed almost 7% in the past 24 hours.
Obchakevich claimed that the users of EigenLayer are questioning its transparency.
EigenLayer (EIGEN), a leading blockchain protocol focused on restaking while leveraging the Ethereum network, has failed to stand up to the expectations of the investors, claims Alex Obchakevich, the founder of Ukrainian-Austrian cryptoanalytics company Obchakevich Research.
In a post on X (formerly Twitter) on Friday, the researcher highlighted how EigenLayer attracted a lot of attention during its initial days and successfully raised a massive $64.5M from venture capital funds. EigenLayer promised “innovation in liquid staking, delivering high revenues for users and reliability for investors” but failed to do so, said Obchakevich.
Related: EigenLayer (EIGEN) Price Prediction 2024-2030: Will EIGEN Price Hit $10 Soon?
Obchakevich stated that the users of the EigenLayer protocol expected significant returns from staking their assets but the actual returns were significantly lower which resulted in increased dissatisf…
The post EigenLayer Failed to Complete its Promises: Researcher appeared first on Coin Edition.
