Restaking protocol EigenLayer is preparing to lift transfer restrictions on the EIGEN token on September 30.

With the upcoming token transfer activation, investors will soon be able to trade and transfer their EIGEN tokens, including airdrop rewards. The project has clarified that staked token holders need to adhere to a 7-day withdrawal period to unstake EIGEN.

This update comes after EigenLayer distributed 86 million EIGEN tokens in its second “stakedrop” season, targeting active investors from March 15 to August 15, 2024. Tokens issued in this round and the previous stakedrop in April were initially non-transferable.

EigenLayer is a platform that allows users to deposit and stake ETH to allocate those funds to secure third-party networks or active validation services. The platform's total supply of 1.67 billion native tokens is expected to be used in a crypto-economic security system called an inter-stakeholder fork.

Pre-market trading platforms like Hyperliquid value the EIGEN token at around $3.4, with a fully diluted valuation reaching $5.4 billion.

EigenLayer Key Value Total | Source: The Block

Despite initially seeing significant deposits during the phased rollout, EigenLayer has recently seen large withdrawals, causing the total value locked to drop from an all-time high of $20 billion in June to $12 billion.

Source: https://tapchibitcoin.io/eigenlayer-se-cho-permit-chuyen-nhuong-token-eigen-vao-ngay-30-thang-9.html