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 various providers keep secure on the similar time. Eigen’s airdrop is already stay and persons are already incomes factors for it. Nonetheless, interacting with Ethereum might be very costly. Right here’s our information on the most cost effective strategy 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 prolong cryptoeconomic safety to further 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 further rewards.
What’s attention-grabbing about EigenLayer is that they’ve raised $50 million in Sequence A funding led by Blockchain Capital. Different notable traders embrace Finality Capital, Electrical Capital, Polychain Capital, Hack VC and Coinbase Ventures. With Coinbase Ventures backing EigenLayer, there may be sturdy hypothesis that their token will probably 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”.
Nonetheless, Liquid Restaking deposits are at the moment paused on EigenLayer as a result of it’s full. They often reopen, however when it does, it’s only for a number 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 may be another resolution to getting the potential EigenLayer token airdrop if liquid restaking deposits are full. Nonetheless, there’s a threat of utilizing Ether.fi as a backdoor to moving into the EigenLayer token airdrop. It is because EigenLayer has not formally supported this as a substitute for getting the EigenLayer token airdrop.
Right here’s tips on how 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 ensure the transaction charges should not costly when staking. It is because they may very well be greater than what you might doubtlessly get from this airdrop.
You’ll get eETH once 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. Notice it takes round 7 to 14 days. Or when you don’t need to wait 7 to 14 days, you’ll be able to instantly swap your eETH for another cryptoasset utilizing any DEX. Nonetheless, you will want to pay trade charges for this.
Find out how to qualify for potential Eigenlayer airdrop: Least expensive methodology, no Ethereum
Right here’s tips on how to get a possible EigenLayer token airdrop if EigenLayer deposits are paused:
- Withdraw Ethereum to Manta
Withdraw Ethereum in your centralized trade account (e.g. Binance) to MetaMask utilizing the Manta community. It is because this can be very low cost to do that. As an illustration, 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. Notice we selected the Manta community so we are able to get further rewards on the Manta Renew Paradigm marketing campaign. Nonetheless, you can even use different networks reminiscent of Arbitrum, Base and Optimism.
Study 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 affix Manta’s Renew Paradigm. Use the invite code HERE.
- Swap ETH for STONE
You will want STONE as a way 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. Notice, don’t swap all of your ETH as you will want 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 gives Eigen Layer Factors. For instance Shoebill, LayerBank and ZeroLend provide LayerBank/ Shoebill/ ZeroLend rewards, Manta rewards, Stone Stake ETH rewards and Eigen Layer Factors. You may select to stake all of your ETH on one or break up your ETH between a number of protocols. We selected which protocol to produce and stake our STONE relying on the Provide APY provided. You may examine 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.Notice 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 offers you sbSTONE.
- Stake sbSTONE on Manta
Go to the Manta Renew Paradigm staking dashboard and click on on the down arrow beneath Shoebill. Stake your sbSTONE to get Shoebill rewards, Manta rewards, Stone Stake ETH rewards and Eigen Layer Factors. Notice 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 vary 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 offers you z0STONE.
- Stake z0STONE on Manta
Go to the Manta Renew Paradigm staking dashboard and click on on the down arrow beneath ZeroLend. Stake your z0STONE to get Zerolend rewards, Manta rewards, Stone Stake ETH rewards and Eigen Layer Factors. Notice 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” beneath Markets. Select the quantity of STONE you want to provide and click on “Supply”. This offers you lSTONE.
- Stake lSTONE on Manta
Go to the Manta Renew Paradigm staking dashboard and click on on the down arrow beneath 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 whole provide) will probably be airdropped. They’ve taken a snapshot at 12:00:11 on seventeenth January 2024 (UTC), and the AltLayer airdrop will probably be out there to assert 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 probably be airdropped to EigenLayer Restakers. And 4.49% (i.e. 13.47 million) $ALT will probably be distributed to EigenLayer Ecosystem Companions.
For EigenLayer Restakers, you need to have at the very least 720 Restaked Factors to be eligible for the AltLayer airdrop.
AltLayer $ALT token claims are actually open and might be claimed HERE. To say your airdrop, enter your Ethereum deal with and click on “Check”.
EigenLayer airdrop assessment
When reviewing an airdrop, there are a number of elements to contemplate. First, the probability the challenge will even do an airdrop within the first place. Then, to have a look at what number of tokens the challenge intends to allocate in direction of airdrop campaigns, in addition to the problem in taking part of their airdrop. It is usually vital to have a look at the utility of the token in order that there will probably be an precise use and function in taking part 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 stay. Members 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’ve another which is to deposit on Ether.fi as a substitute, however EigenLayer haven’t confirmed that is an official methodology to getting their token airdrops.
Token utility: The EigenLayer token utility is unknown.
Token lockup: There isn’t a info on the EigenLayer token lockup but.
