Zircuit, the chain where innovation meets security, is thrilled to announce the success of its EIGEN ‘fairdrop’ initiative.
With a first-of-its-kind distribution of two percent of ZRC tokens to eligible EIGEN holders, Zircuit has introduced a model of fairness and inclusivity in the Ethereum staking ecosystem, underscoring a commitment to decentralization and community empowerment.
The EIGEN fairdrop – an industry first – provided equal shares to over 190,000 eligible EIGEN holders and moved away from traditional distribution models that often favor larger stakeholders.
Within just the first week, over 51,000 users claimed their ZRC, and this fair and community-first approach has garnered widespread appreciation across the crypto space.
The fairdrop includes a wide range of contributors to the EigenLayer ecosystem, extending beyond EIGEN stakers to support Uniswap liquidity providers, EtherFi eEIGEN holders and Renzo ezEIGEN holders.
Praising Zircuit’s approach, Sreeram Kannan, founder of EigenLayer, said,
“Thrilled to see Zircuit introducing the first fairdrop for EIGEN holders with two percent of their ZRC tokens.
“This is an amazing community-first approach, embodying fairness in the EigenLayer ecosystem, with everyone receiving the same amount.”
The fairdrop, an industry milestone, supports Zircuit’s vision of an inclusive Ethereum ecosystem and strengthens the EigenLayer network by recognizing all contributors.
The initiative’s snapshot – taken on October 8, 2024, at Ethereum Block #20919999 – included wallets with a minimum of three EIGEN tokens while excluding core EigenLayer team members and investors, keeping the focus on the community.
Zircuit protects users from hacks through its built-in, automated AI techniques that guard against smart contract exploits and malicious actors.
Bolstered by its strong security infrastructure, Zircuit is the central hub for restaked assets featuring unparalleled security and allowing users to potentially earn industry-leading yields natively.
With $1.8 billion in TVL (total value locked), Zircuit is the premier liquidity hub for restaked assets – ETH, BTC, LSTs and LRTs – where users can receive stronger security guarantees and trust.
During mainnet, users can bridge their assets and start staking to potentially earn rewards and airdrops from the Zircuit ecosystem at the ‘liquidity hub.’
To learn more about Zircuit, users can visit the website or read the developer documents here.
About Zircuit
Zircuit provides developers with advanced features and users with peace of mind.
Built by a team of Web 3.0 security experts and PhDs, Zircuit merges high performance with unparalleled security, making it the safest choice for DeFi and staking.
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November 8, 2024 – George Town, Grand Cayman Zircuit, the chain where innovation meets security, is thrilled to announce the success of its EIGEN ‘fairdrop’ initiative. With a first-of-its-kind distribution of two percent of ZRC tokens to eligible EIGEN holders, Zircuit has introduced a model of fairness and inclusivity in the Ethereum staking ecosystem, underscoring
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This articles is written by : Nermeen Nabil Khear Abdelmalak
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