Celebrating the Success of Zircuit’s ZRC EigenLayer Fairdrop

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As an analyst with over two decades of experience in the tech and crypto industry, I have seen my fair share of innovative initiatives that aim to disrupt the status quo. However, Zircuit’s EIGEN Fairdrop initiative truly stands out as a game-changer. The commitment to fairness and inclusivity in the Ethereum staking ecosystem is not just a buzzword here, but a tangible reality.

George Town, Grand Cayman, November 8th, 2024, Chainwire

Zircuit, the platform where creativity and safety intersect, is excited to share the achievement of its EIGEN Fairdrop undertaking. By distributing 2% of ZRC tokens to eligible EIGEN holders as a unique first, Zircuit has ushered in a fairness-focused and inclusive approach within the Ethereum staking environment. This action reinforces their dedication towards decentralization and fostering community strength.

The innovative EIGEN Fairdrop distributed identical portions to more than 190,000 eligible EIGEN owners, departing from conventional distribution methods that tend to advantage bigger stakeholders. In its first week alone, over 51,000 individuals seized their ZRC, and this fair and community-focused strategy has received broad acclaim throughout the crypto world.

The Fairdrop encompasses various participants within the EigenLayer network, reaching beyond EIGEN token stakers. It also welcomes Uniswap liquidity providers, EtherFi eEIGEN token holders, and Renzo ezEIGEN token holders as contributors to the ecosystem.

“Sreeram Kannan, the founder of EigenLayer, expressed his delight over Zircuit’s move. He noted that it was exciting to witness Zircuit distributing the first Fairdrop for EIGEN holders, who would receive 2% of their ZRC tokens. This, he said, is a fantastic strategy focused on the community, ensuring fairness across the board in the EigenLayer system as everyone gets an equal share.”

The Fairdrop – a groundbreaking move – aligns with Zircuit’s goal of creating a diverse Ethereum network and enhances the EigenLayer network by acknowledging all participants. The Fairdrop’s record, taken on October 8, 2024, at Ethereum Block #20919999, was made by capturing wallets holding a minimum of 3 EIGEN tokens, while excluding the core EigenLayer team and investors, ensuring the emphasis remains on community involvement.

Zircuit safeguards its users from cyber threats by employing integrated AI technologies that automatically shield against smart contract vulnerabilities and malicious entities. Its robust security system makes it the primary hub for restaked assets, offering unmatched security and the opportunity for users to possibly earn top-tier returns directly. With a Total Value Locked (TVL) of $1.8 billion, Zircuit stands as the leading liquidity platform for restaked assets (ETH, BTC, LSTs, and LRTs), providing users with stronger security assurances and trust.

During Mainnet, users have the opportunity to transfer their assets over to the platform and begin staking them, which might yield rewards and airdrops originating from the Zircuit system at the Liquidity Center.

Users looking to gain a deeper understanding of Zircuit can explore further by visiting the official website at zircuit.com, or delve into the documentation provided at docs.zircuit.com.

About Zircuit

With cutting-edge tools at their disposal, developers find solace in Zircuit’s robust offerings. Crafted by a group of seasoned web3 security professionals including PhDs, Zircuit skillfully combines exceptional performance with unmatched security, making it the most secure option for DeFi and staking. To learn more about us or stay updated, you can visit our website at zircuit.com or follow us on Twitter @ZircuitL2.

Contact

Jennifer
Zircuit
jen@zircuit.com

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2024-11-08 21:10