George Town, Grand Cayman, November 8th, 2024,
Chainwire
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 2% 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.
Sreeram Kannan, Founder of EigenLayer, praised
Zircuit’s approach, saying, “Thrilled to see Zircuit
introducing the first Fairdrop for EIGEN holders with 2% 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 3 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 Total Value Locked (TVL), 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 zircuit.com or read the developer docs at
docs.zircuit.com
About Zircuit
Zircuit provides developers
with advanced features and users with peace of mind. Built by a
team of web3 security experts and PhDs, Zircuit merges high
performance with unparalleled security, making it the safest choice
for DeFi and staking. Users can visit zircuit.com or follow
us on Twitter/X @ZircuitL2.
Contact
Jennifer
Zircuit
jen@zircuit.com