$EIGEN Token Announcement With Sreeram Kannan and Robert Drost
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 29 April 2024
⏱️ 72 minutes
🧾️ Download transcript
Summary
Eigenlayer token details are here! Don’t call it an Airdrop - This is a Stakedrop — because that’s the only thing you can do with your EIGEN tokens out of the gate.
15% of the total Supply of Eigen distributed over multiple Seasons, Season 1 starts today with 5% of the supply, and one of the most sophisticated set of smart contracts on Mainnet. EIGEN is not your typical ERC20 token. It’s got this feature called “Intersubjective Forking” that increases the scope of what Eigenlayer can provide security for.
In addition to the token details getting released, we’re also getting the Eigen Foundation, with a new director Robert Drost - who joins Sreeram today to walk us through everything you need to know.
Foundation Page:
https://eigenfoundation.org/
Claims Page:
https://claims.eigenfoundation.org/
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TIMESTAMPS
00:00:00 Start
00:03:39 What is a Stakedrop?
00:08:51 Allocation Details
00:15:53 Phase 1 and Phase 2
00:19:38 Locked Token Utility
00:24:30 When Are Tokens Unlocked?
00:31:04 Intersubjective Forking
00:36:30 Building WWIII Resistance
00:42:15 History Behind Their Decision
00:53:03 Eigenlayer Foundation
00:56:38 Future of Points
00:58:38 US Citizens Blocked
01:01:47 Token Allocation Thoughts
01:05:10 What's Next?
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RESOURCES
Foundation Page:
https://eigenfoundation.org/
Claims Page:
https://claims.eigenfoundation.org/
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | Bankless Nation, not every single day is launch day for a protocol. |
| 0:09.2 | The eigenlayer token details are here. |
| 0:11.8 | Don't call it an air drop. This is a stake drop. That's because that's the only thing that you can do with your eigenlayer tokens right out of the gate. |
| 0:17.0 | Ryan, how you're doing today, my man? I'm good. I'm pretty excited about this steak drop we got going on. So what are we in for? What's happening? |
| 0:23.6 | We're going to cover all of the details. There's been some feedback on |
| 0:26.5 | Twitter, some people have some questions about how this whole thing works. |
| 0:29.6 | We're bringing on Sri Ram and Robert. Robert, the new director of the Eigenlayer Foundation on the show today |
| 0:35.9 | to answer all these questions and unpack the announcement details. |
| 0:39.2 | 15% of the total supply of Eigen don't distribute it over multiple seasons. |
| 0:44.0 | Season 1 starts today that's what all the news is about with 5% of the supply |
| 0:48.4 | along with one of the most sophisticated sets of smart contracts on chain on main net. |
| 0:52.8 | Eigen is not your typical ERC 20 token. |
| 0:56.0 | It's got this feature called intersubjective forking, |
| 0:58.9 | which is a handful of. |
| 1:00.2 | And we're gonna unpack exactly what that is is and how this actually increases the scope of what Eigenlayer can provide security for. |
| 1:07.0 | And so, like I said, in addition to the token details getting released, we're also getting the Eigen Foundation with a new director, Robert Dross, who are going to introduce here in just a second. |
| 1:16.7 | So let's go ahead and get right into the details of season one of the Eigenlayer Steak drop with 3 Rome and Robert, but first a moment to talk about some of these fantastic sponsors that make this show possible. |
| 1:28.0 | If you want in crypto trading experience backed by world-class security and award-winning support teams then head |
| 1:34.1 | over to Krakhan, one of the longest standing and most secure crypto platforms in the world. |
| 1:38.0 | Krakhan is on a journey to build a more accessible, inclusive and fair financial system, |
| 1:42.2 | making it simple and secure for everyone |
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... |
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