Crypto's $15 Billion EigenLayer Project Snubs US, China in Divisive Token Launch [Yahoo! Finance]
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Source: Yahoo! Finance
as one of the most controversial because of exclusions imposed on users in the US, China and elsewhere. Most Read from Bloomberg Biden Set to Impose Tariffs on China EVs, Strategic Sectors Apple Apologizes for iPad Pro Ad, Scraps Plan to Air It on TV ‘Seriously Underwater' Home Mortgages Tick Up Across the US Marjorie Taylor Greene Finally Got What She Deserved: Defeat 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. Seattle-based Eigen Labs raised about $165 million from backers including a16z Crypto as part of the development of EigenLayer, which on Friday will start sending out its EIGEN token to users through a process known as an airdrop. EigenLayer's appeal is linked partly to a points system designed to
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