EigenLayer will lift EIGEN token transfer restrictions on September 30, 2024
\nStakeholders must observe a 7-day withdrawal period to unstake EIGEN tokens
\nPre-market values EIGEN tokens at $3.4, with TVL dropping from $20B to $12B<\/p>\n
EigenLayer, a prominent restaking protocol, is set to remove transfer restrictions on its native EIGEN token, enabling stakeholders to trade and transfer their tokens starting on September 30.<\/p>\n
This significant update<\/a> comes after months of anticipation, particularly following the protocol\u2019s recent token distributions.<\/p>\n EigenLayer has been at the forefront of crypto innovation, allowing users to stake their ether (ETH) to secure third-party networks and other validated services. The platform\u2019s native token, EIGEN, which was launched in April<\/a>, plays a pivotal role in this ecosystem.<\/p>\n However, up until now, EIGEN tokens remain non-transferable due to restrictions in place following two major \u201cstakedrop\u201d events. The tokens remained locked, and stakeholders could not transfer or trade them.<\/p>\n With the lifting of these restrictions, EIGEN holders, including those who received airdropped rewards, will now have the ability to manage their assets freely.<\/p>\n For those who have staked their tokens, EigenLayer clarified that a mandatory 7-day withdrawal period must be observed for unstaking EIGEN. This adds a minor delay before tokens can be fully withdrawn and traded.<\/p>\n In pre-market trading, derivatives of the EIGEN token have been valued at approximately $3.4 billion, with a fully diluted valuation of $5.4 billion.<\/p>\n However, despite the initial success, EigenLayer has experienced a significant outflow of funds in recent months, reducing its total value locked (TVL) from $20 billion in June to $12 billion.<\/p>\n As the transferability date approaches, the platform\u2019s future trajectory remains closely watched by the crypto community.<\/p>\n The post EigenLayer prepares for EIGEN token transfer restrictions lift<\/a> appeared first on CoinJournal<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" EigenLayer will lift EIGEN token transfer restrictions on September 30, 2024 Stakeholders must observe a 7-day withdrawal period to unstake EIGEN tokens Pre-market values EIGEN tokens at $3.4, with TVL dropping from $20B to $12B EigenLayer, a prominent restaking protocol, is set to remove transfer restrictions on its native EIGEN token, enabling stakeholders to trade […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[100],"tags":[],"class_list":{"0":"post-1692","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-ethereum"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/1692","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=1692"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/1692\/revisions"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=1692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=1692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=1692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}EIGEN token remain non-transferable<\/h2>\n
EigenLayer has experienced significant funds outflow<\/h2>\n