HomeMiningEigenLayer token airdrop information: CHEAPEST approach to qualify

EigenLayer token airdrop information: CHEAPEST approach to qualify

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Eigenlayer is a protocol constructed on Ethereum that helps individuals who personal Ethereum to maintain their cash secure and earn extra rewards. With EigenLayer, individuals can use their Ethereum to assist many various providers keep secure on the similar time. Eigen’s airdrop is already dwell and individuals are already incomes factors for it. Nevertheless, interacting with Ethereum may be very costly. Right here’s our information on the most affordable approach to qualify for the Eigenlayer airdrop with out interacting with Ethereum.

Try our step-by-step information!

SNEAKY Approach to get MOST out of Eigenlayer Airdrop (Least expensive)

What’s EigenLayer?

EigenLayer is a protocol that introduces a brand new primitive in cryptoeconomic safety referred to as restaking. This primitive allows customers to reuse their ETH on the consensus layer and prolong cryptoeconomic safety to extra purposes on the community. Customers who stake ETH natively or with a Liquid Staking Token (LST) can opt-in to EigenLayer sensible contracts to restake their ETH or LST and earn extra rewards.

What’s attention-grabbing about EigenLayer is that they’ve raised $50 million in Collection A funding led by Blockchain Capital. Different notable buyers embody Finality Capital, Electrical Capital, Polychain Capital, Hack VC and Coinbase Ventures. With Coinbase Ventures backing EigenLayer, there’s robust hypothesis that their token shall be listed on both Coinbase or Binance.

The way to get a possible EigenLayer token airdrop if deposits are paused

To get the potential EigenLayer token airdrop, merely connect with https://app.eigenlayer.xyz/ and join your pockets. Then, click on into your most well-liked pool, enter the quantity of tokens you want to deposit and click on “Deposit”.

Nevertheless, Liquid Restaking deposits are presently paused on EigenLayer as a result of it’s full. They often reopen, however when it does, it is just for just a few hours at a time. So it’s importantly to SUBSCRIBE to Boxmining+ as a result of we would be the first to let you realize when it does!

There may be another resolution to getting the potential EigenLayer token airdrop if liquid restaking deposits are full. Nevertheless, there’s a threat of utilizing Ether.fi as a backdoor to moving into the EigenLayer token airdrop. It is because EigenLayer has not formally supported this as an alternative choice to getting the EigenLayer token airdrop.

Right here’s the way to get a possible EigenLayer token airdrop if EigenLayer deposits are paused:

  1. Join to Ether.Fi at https://www.ether.fi/.
  2. Use referral for EXTRA POINTS by clicking HERE.
  3. Stake ETH: Select the quantity of ETH you want to deposit and click on “Stake”. However be sure the transaction charges should not costly when staking. It is because they may very well be greater than what you could probably get from this airdrop.
    You’re going to get eETH if you stake ETH on Ether.fi.
  4. Earn rewards: You’ll earn the next rewards for staking on Ether.fi: APR, restaked APR, ether.fi loyalty factors and Eigenlayer factors.
  5. Withdraw staked ETH: Withdraw your eETH on the “Stake” tab. Observe it takes round 7 to 14 days. Or when you don’t wish to wait 7 to 14 days, you may instantly swap your eETH for another cryptoasset utilizing any DEX. Nevertheless, you will want to pay trade charges for this.

The way to qualify for potential Eigenlayer airdrop: Least expensive methodology, no Ethereum

Right here’s the way to get a possible EigenLayer token airdrop if EigenLayer deposits are paused:

  1. Withdraw Ethereum to Manta

    Withdraw Ethereum in your centralized trade account (e.g. Binance) to MetaMask utilizing the Manta community. It is because this can be very low cost to do that. As an illustration, Binance charged us 0.0001 ETH (round US$0.35) for this transaction, versus 0.003 ETH (round $10.48) for doing the identical transaction utilizing the Ethereum community. Observe we selected the Manta community so we will get additional rewards on the Manta Renew Paradigm marketing campaign. Nevertheless, you may also use different networks comparable to Arbitrum, Base and Optimism.

    Study extra concerning the Manta Renew Paradigm and our step-by-step information HERE.

  2. Be a part of Manta’s New Paradigm

     You want an invitation to affix Manta’s Renew Paradigm. Use the invite code HERE.

  3. Swap ETH for STONE

    You’ll need STONE to be able to stake on Manta. To get STONE tokens, join your pockets to https://app.aperture.finance/swap?chainId=169 and swap your ETH to STONE. Observe, don’t swap all of your ETH as you will want some ETH to pay for upcoming transaction prices.

  4. Stake STONE on protocols

    On the staking dashboard, choose your validator and stake your ETH. Just remember to choose a validator that provides Eigen Layer Factors. For instance Shoebill, LayerBank and ZeroLend provide LayerBank/ Shoebill/ ZeroLend rewards, Manta rewards, Stone Stake ETH rewards and Eigen Layer Factors. You’ll be able to select to stake all of your ETH on one or cut up your ETH between a number of protocols. We selected which protocol to provide and stake our STONE relying on the Provide APY provided. You’ll be able to verify the Provide APY on the protocol’s web page. As on the time of writing, Shoebill gives 4.53% and ZeroLend gives 0.012% Provide APY. While LayerBank gives 3.46% Provide APR.

    See steps 5-6 for supplying and staking STONE on Shoebill.
    See steps 7-8 for supplying and staking STONE on ZeroLend.
    See steps 9-10 for supplying and staking STONE on LayerBank.

    Observe that token unstaking on Manta New Paradigm will solely be enabled in Might 2024.

  5. Provide STONE on Shoebill

    Join your pockets to https://manta-stone.shoebill.finance/#/ and click on on the “STONE” market. Uder the “Supply” tab, select the quantity of STONE you want to provide and ensure the transaction. This will provide you with sbSTONE.

  6. Stake sbSTONE on Manta

    Go to the Manta Renew Paradigm staking dashboard and click on on the down arrow below Shoebill. Stake your sbSTONE to get Shoebill rewards, Manta rewards, Stone Stake ETH rewards and Eigen Layer Factors. Observe that token unstaking on Manta New Paradigm will solely be enabled in Might 2024.

  7. Provide STONE on ZeroLend

    Join your pockets to https://app.zerolend.xyz/. Click on the down arrow to vary to the Manta market. Click on on “StakeStone Ether”. Select the quantity of STONE you want to provide and click on “Approve STONE to continue”. This will provide you with z0STONE.

  8. Stake z0STONE on Manta

    Go to the Manta Renew Paradigm staking dashboard and click on on the down arrow below ZeroLend. Stake your z0STONE to get Zerolend rewards, Manta rewards, Stone Stake ETH rewards and Eigen Layer Factors. Observe that token unstaking on Manta New Paradigm will solely be enabled in Might 2024.

  9. Provide STONE on LayerBank

    Join your pockets to https://manta.layerbank.finance/financial institution. Click on “STONE” below Markets. Select the quantity of STONE you want to provide and click on “Supply”. This will provide you with lSTONE.

  10. Stake lSTONE on Manta

    Go to the Manta Renew Paradigm staking dashboard and click on on the down arrow below LayerBank. Stake your lSTONE to get LayerBank rewards, Manta rewards, Stone Stake ETH rewards and Eigen Layer Factors.

AltLayer airdrop for EigenLayer restakers and ecosystem companions: The way to declare?

AltLayer introduced particulars of their Airdrop Season 1. A complete of 300 million $ALT tokens (i.e. 3% of the whole provide) shall be airdropped. They’ve taken a snapshot at 12:00:11 on seventeenth January 2024 (UTC), and the AltLayer airdrop shall be accessible to say from twenty fifth January to twenty fifth February 2024. Of the $ALT tokens to be airdropped, 13.05% (i.e. 39.15 million) $ALT shall be airdropped to EigenLayer Restakers. And 4.49% (i.e. 13.47 million) $ALT shall be distributed to EigenLayer Ecosystem Companions.

For EigenLayer Restakers, it’s essential to have no less than 720 Restaked Factors to be eligible for the AltLayer airdrop.

AltLayer $ALT token claims at the moment are open and may be claimed HERE. To assert your airdrop, enter your Ethereum tackle and click on “Check”.

EigenLayer airdrop overview

When reviewing an airdrop, there are a number of components to contemplate. First, the chance the venture will even do an airdrop within the first place. Then, to take a look at what number of tokens the venture intends to allocate in the direction of airdrop campaigns, in addition to the problem in taking part of their airdrop. It’s also essential to take a look at the utility of the token in order that there shall be an precise use and objective in taking part within the airdrop within the first place. Lastly, an element to contemplate when reviewing an airdrop is whether or not the airdropped tokens are topic to any lockup interval.

Probability of airdrop: The EigenLayer airdrop is now dwell. Members are already doing duties and getting factors!

Airdropped token allocation: The EigenLayer airdrop allocation is unknown.

Airdrop problem: The EigenLayer airdrop requires customers to deposit ETH onto their platform. However deposits are presently closed. We’ve another which is to deposit on Ether.fi as an alternative, however EigenLayer haven’t confirmed that is an official methodology to getting their token airdrops.

Token utility: The EigenLayer token utility is unknown.

Token lockup: There is no such thing as a data on the EigenLayer token lockup but.

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