Zircuit, an Ethereum staking ecosystem, successfully completed its EIGEN Fairdrop initiative, distributing 2% of ZRC tokens to eligible EIGEN holders. This industry-first approach provided equal shares to over 190,000 eligible holders and deviated from traditional distribution models that often favor larger stakeholders.
Within the first week, more than 51,000 users claimed their ZRC tokens, showing widespread appreciation for the fair and community-focused approach. The EIGEN Fairdrop includes contributions from Uniswap liquidity providers, EtherFi eEIGEN holders, and Renzo ezEIGEN holders. Sreeram Kannan, Founder of EigenLayer, praised Zircuit’s approach, calling it an “amazing community-first approach” that embraces fairness in the EigenLayer ecosystem.
This initiative supports Zircuit’s vision of an inclusive Ethereum ecosystem and strengthens the EigenLayer network by recognizing all contributors. The snapshot, taken on October 8, 2024, at Ethereum Block #20919999, included wallets with a minimum of 3 EIGEN tokens while excluding core EigenLayer team members and investors.
Zircuit focuses on security by using built-in automated AI techniques to guard against smart contract exploits and malicious actors. It acts as the central hub for restaked assets, offering unparalleled security and allowing users to potentially earn industry-leading yields natively. With $1.8 billion in Total Value Locked (TVL), Zircuit is the premier liquidity hub for restaked assets, including ETH, BTC, LSTs, and LRTs.
During Mainnet, users can bridge their assets and start staking to potentially earn rewards and airdrops from the Zircuit ecosystem at the Liquidity Hub. For more information, visit zircuit.com or follow them on Twitter/X @ZircuitL2.
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