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Eigenlayer's Airdrop Faces Backlash Over Token Restrictions and Minimal Allocations

source-logo  news.bitcoin.com 30 April 2024 04:22, UTC

The announcement of Eigenlayer’s airdrop, featuring non-transferable tokens and aggressive geo-restrictions, has sparked outrage among users who felt the allocated amount was minimal and the documentation confusing. Despite adding over $15.7 billion in staked Ether in anticipation, participants criticized the linear distribution model favoring large restakers and the stringent geographic limits excluding users from 30 countries including the US, Canada, China, and Russia. However, some industry voices like Henrik Andersson, from Apollo Capital, argue that the backlash is unwarranted, lauding Eigenlayer’s 15% total allocation to users as generous and its distribution model as fair and effective against Sybil attacks.

news.bitcoin.com