Crypto’s $15 Billion EigenLayer Project Snubs US, China in Divisive Token Launch
- EigenLayer to start distributing controversial token on Friday
- Project criticized for blocking US, China users from issuance
The EigenLayer website.
Source: EigenLayerThis article is for subscribers only.
The EigenLayer crypto project is set to hand out a new token that’s become the most hyped digital-asset launch of the year, as well as one of the most controversial because of exclusions imposed on users in the US, China and elsewhere.
The decentralized finance — or DeFi — protocol has lured $14 billion in assets since January after a soft launch in 2023, data from DeFiLlama show. EigenLayer offers so-called restaking, which touts amplified returns built on top of the process of depositing Ether coins to help operate the Ethereum blockchain.