In this episode, Mike and Myles dive into Eigen Layer's major announcement, unpacking the details and implications of the Eigen token airdrop, the Eigen Foundation, and the positioning of Eigen as an "intersubjective work token". They discuss the community's mixed reaction to the airdrop details and geo-fencing, the objectives and considerations around airdrops in general, and the innovative tokenomic design of the Eigen token in enabling a dual staking system with ETH to secure Eigen Layer and mitigate risks. Mike and Myles explore how this new staking model could impact the Eigen Layer ecosystem, AVS adoption of the Eigen token, and the overall bullish effect it could have on ETH and the growth of restaking. Enjoy!
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Timestamps:
0:00 Introduction
3:35 Eigen Layer Announcements
10:16 Risks of Eigen
17:35 Objective of Airdrops
27:46 Wormhole Ad
29:00 Flood Ad
29:59 Uniswap Ad
30:53 Eigen Token Design
34:42 Intersubjective Work Token
45:41 Value Accrual
57:32 Security Decision Making
1:05:39 Bullish Eth Affect
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Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.tt and our guests may hold positions in the companies, funds, or projects discussed.