Eigenlayer is a protocol constructed on Ethereum that helps individuals who personal Ethereum to maintain their cash secure and earn extra rewards. With EigenLayer, folks can use their Ethereum to assist many alternative providers keep secure on the similar time. Eigen’s airdrop is already dwell and persons are already incomes factors for it. Nevertheless, interacting with Ethereum could be very costly. Right here’s our information on the most cost effective option to qualify for the Eigenlayer airdrop with out interacting with Ethereum.
Take a look at our step-by-step information!
What’s EigenLayer?
EigenLayer is a protocol that introduces a brand new primitive in cryptoeconomic safety known as restaking. This primitive permits customers to reuse their ETH on the consensus layer and lengthen cryptoeconomic safety to extra functions on the community. Customers who stake ETH natively or with a Liquid Staking Token (LST) can opt-in to EigenLayer good contracts to restake their ETH or LST and earn extra rewards.
What’s attention-grabbing about EigenLayer is that they’ve raised $50 million in Sequence A funding led by Blockchain Capital. Different notable buyers embody Finality Capital, Electrical Capital, Polychain Capital, Hack VC and Coinbase Ventures. With Coinbase Ventures backing EigenLayer, there may be robust hypothesis that their token will likely be listed on both Coinbase or Binance.
Find out how to get a possible EigenLayer token airdrop if deposits are paused
To get the potential EigenLayer token airdrop, merely connect with https://app.eigenlayer.xyz/ and join your pockets. Then, click on into your most well-liked pool, enter the quantity of tokens you want to deposit and click on “Deposit”.
Nevertheless, Liquid Restaking deposits are at the moment paused on EigenLayer as a result of it’s full. They generally reopen, however when it does, it is just for a couple of hours at a time. So it’s importantly to SUBSCRIBE to Boxmining+ as a result of we would be the first to let you understand when it does!
There’s another answer to getting the potential EigenLayer token airdrop if liquid restaking deposits are full. Nevertheless, there’s a danger of utilizing Ether.fi as a backdoor to stepping into the EigenLayer token airdrop. It’s because EigenLayer has not formally supported this as an alternative choice to getting the EigenLayer token airdrop.
Right here’s methods to get a possible EigenLayer token airdrop if EigenLayer deposits are paused:
- Join to Ether.Fi at https://www.ether.fi/.
- Use referral for EXTRA POINTS by clicking HERE.
- Stake ETH: Select the quantity of ETH you want to deposit and click on “Stake”. However be sure that the transaction charges aren’t costly when staking. It’s because they may very well be greater than what it’s possible you’ll doubtlessly get from this airdrop.
You’re going to get eETH whenever you stake ETH on Ether.fi. - Earn rewards: You’ll earn the next rewards for staking on Ether.fi: APR, restaked APR, ether.fi loyalty factors and Eigenlayer factors.
- Withdraw staked ETH: Withdraw your eETH on the “Stake” tab. Word it takes round 7 to 14 days. Or for those who don’t need to wait 7 to 14 days, you’ll be able to instantly swap your eETH for another cryptoasset utilizing any DEX. Nevertheless, you’ll need to pay alternate charges for this.
Find out how to qualify for potential Eigenlayer airdrop: Least expensive technique, no Ethereum
Right here’s methods to get a possible EigenLayer token airdrop if EigenLayer deposits are paused:
- Withdraw Ethereum to Manta
Withdraw Ethereum in your centralized alternate account (e.g. Binance) to MetaMask utilizing the Manta community. It’s because this can be very low cost to do that. For example, Binance charged us 0.0001 ETH (round US$0.35) for this transaction, versus 0.003 ETH (round $10.48) for doing the identical transaction utilizing the Ethereum community. Word we selected the Manta community so we are able to get additional rewards on the Manta Renew Paradigm marketing campaign. Nevertheless, you can even use different networks resembling Arbitrum, Base and Optimism.
Be taught extra in regards to the Manta Renew Paradigm and our step-by-step information HERE.
- Be a part of Manta’s New Paradigm
You want an invitation to hitch Manta’s Renew Paradigm. Use the invite code HERE.
- Swap ETH for STONE
You will want STONE with a view to stake on Manta. To get STONE tokens, join your pockets to https://app.aperture.finance/swap?chainId=169 and swap your ETH to STONE. Word, don’t swap all of your ETH as you’ll need some ETH to pay for upcoming transaction prices.
- Stake STONE on protocols
On the staking dashboard, choose your validator and stake your ETH. Just be sure you choose a validator that provides Eigen Layer Factors. For instance Shoebill, LayerBank and ZeroLend supply LayerBank/ Shoebill/ ZeroLend rewards, Manta rewards, Stone Stake ETH rewards and Eigen Layer Factors. You possibly can select to stake all of your ETH on one or cut up your ETH between a number of protocols. We selected which protocol to provide and stake our STONE relying on the Provide APY supplied. You possibly can test the Provide APY on the protocol’s web page. As on the time of writing, Shoebill provides 4.53% and ZeroLend provides 0.012% Provide APY. While LayerBank provides 3.46% Provide APR.
See steps 5-6 for supplying and staking STONE on Shoebill.
See steps 7-8 for supplying and staking STONE on ZeroLend.
See steps 9-10 for supplying and staking STONE on LayerBank.Word that token unstaking on Manta New Paradigm will solely be enabled in Might 2024.
- Provide STONE on Shoebill
Join your pockets to https://manta-stone.shoebill.finance/#/ and click on on the “STONE” market. Uder the “Supply” tab, select the quantity of STONE you want to provide and ensure the transaction. This provides you with sbSTONE.
- Stake sbSTONE on Manta
Go to the Manta Renew Paradigm staking dashboard and click on on the down arrow below Shoebill. Stake your sbSTONE to get Shoebill rewards, Manta rewards, Stone Stake ETH rewards and Eigen Layer Factors. Word that token unstaking on Manta New Paradigm will solely be enabled in Might 2024.
- Provide STONE on ZeroLend
Join your pockets to https://app.zerolend.xyz/. Click on the down arrow to alter to the Manta market. Click on on “StakeStone Ether”. Select the quantity of STONE you want to provide and click on “Approve STONE to continue”. This provides you with z0STONE.
- Stake z0STONE on Manta
Go to the Manta Renew Paradigm staking dashboard and click on on the down arrow below ZeroLend. Stake your z0STONE to get Zerolend rewards, Manta rewards, Stone Stake ETH rewards and Eigen Layer Factors. Word that token unstaking on Manta New Paradigm will solely be enabled in Might 2024.
- Provide STONE on LayerBank
Join your pockets to https://manta.layerbank.finance/financial institution. Click on “STONE” below Markets. Select the quantity of STONE you want to provide and click on “Supply”. This provides you with lSTONE.
- Stake lSTONE on Manta
Go to the Manta Renew Paradigm staking dashboard and click on on the down arrow below LayerBank. Stake your lSTONE to get LayerBank rewards, Manta rewards, Stone Stake ETH rewards and Eigen Layer Factors.
AltLayer airdrop for EigenLayer restakers and ecosystem companions: Find out how to declare?
AltLayer introduced particulars of their Airdrop Season 1. A complete of 300 million $ALT tokens (i.e. 3% of the full provide) will likely be airdropped. They’ve taken a snapshot at 12:00:11 on seventeenth January 2024 (UTC), and the AltLayer airdrop will likely be accessible to say from twenty fifth January to twenty fifth February 2024. Of the $ALT tokens to be airdropped, 13.05% (i.e. 39.15 million) $ALT will likely be airdropped to EigenLayer Restakers. And 4.49% (i.e. 13.47 million) $ALT will likely be distributed to EigenLayer Ecosystem Companions.
For EigenLayer Restakers, you should have no less than 720 Restaked Factors to be eligible for the AltLayer airdrop.
AltLayer $ALT token claims are actually open and could be claimed HERE. To say your airdrop, enter your Ethereum tackle and click on “Check”.
EigenLayer airdrop assessment
When reviewing an airdrop, there are a number of components to contemplate. First, the probability the undertaking will even do an airdrop within the first place. Then, to take a look at what number of tokens the undertaking intends to allocate in direction of airdrop campaigns, in addition to the problem in collaborating of their airdrop. It is usually necessary to take a look at the utility of the token in order that there will likely be an precise use and function in collaborating within the airdrop within the first place. Lastly, an element to contemplate when reviewing an airdrop is whether or not the airdropped tokens are topic to any lockup interval.
Chance of airdrop: The EigenLayer airdrop is now dwell. Individuals are already doing duties and getting factors!
Airdropped token allocation: The EigenLayer airdrop allocation is unknown.
Airdrop problem: The EigenLayer airdrop requires customers to deposit ETH onto their platform. However deposits are at the moment closed. We now have another which is to deposit on Ether.fi as a substitute, however EigenLayer haven’t confirmed that is an official technique to getting their token airdrops.
Token utility: The EigenLayer token utility is unknown.
Token lockup: There is no such thing as a data on the EigenLayer token lockup but.
