George City, Grand Cayman, November 8, 2024, Chainwire
Zircuit, the channel the place innovation meets safety, is delighted to announce the success of its EIGEN Fairdrop initiative. With a one-time 2% distribution of ZRC tokens to eligible EIGEN holders, Zircuit launched a mannequin of equity and inclusiveness to the staking ecosystem, highlighting a dedication to decentralization and neighborhood empowerment.
The EIGEN Fairdrop, an {industry} first, supplied equal shares to greater than 190,000 eligible EIGEN holders and moved away from conventional distribution fashions that usually favor bigger stakeholders. Within the first week alone, over 51,000 customers claimed their ZRC and this truthful, community-driven strategy has been broadly appreciated within the crypto area.
The Fairdrop consists of a variety of contributors to the EigenLayer ecosystem, extending past EIGEN stakeholders to assist liquidity suppliers, EtherFi eEIGEN holders, and Renzo ezEIGEN holders.
Sreeram Kannan, founding father of EigenLayer, praised Zircuit's strategy, saying: “I’m excited to see Zircuit introduce the primary Fairdrop for EIGEN holders with 2% of their ZRC tokens. That is an unimaginable community-driven strategy, embodying equity within the EigenLayer ecosystem, the place everybody will get the identical quantity.
The Fairdrop, an {industry} milestone, helps Zircuit's imaginative and prescient of an inclusive Ethereum ecosystem and strengthens the EigenLayer community by recognizing all contributors. The snapshot of the initiative, taken on October 8, 2024, on Ethereum block #20919999, included wallets with a minimal of three EIGEN tokens whereas excluding EigenLayer core group members and buyers, in conserving the give attention to neighborhood.
Zircuit protects customers from hacks with its built-in automated AI methods that shield in opposition to good contract exploits and malicious actors. Bolstered by its strong safety infrastructure, Zircuit is the central hub for reinvested belongings offering unparalleled safety and permitting customers to probably earn industry-leading returns natively. With $1.8 billion in Whole (EPA:) Worth Locked (TVL), Zircuit is the main liquidity platform for reinvested belongings (ETH, BTC, LST and LRT) the place customers can profit from stronger safety ensures and belief.
Throughout Mainnet, customers can hyperlink their belongings and begin staking to probably earn rewards and airdrops from the Zircuit ecosystem to the Liquidity Hub.
To study extra about Zircuit, customers can go to zircuit.com or learn the developer documentation at docs.zircuit.com.
About Zircuit
Zircuit offers builders superior options and customers peace of thoughts. Constructed by a group of Web3 safety consultants and PhDs, Zircuit combines excessive efficiency with unmatched safety, making it the most secure alternative for DeFi and staking. Customers can go to zircuit.com or observe us on Twitter/X @ZircuitL2.
ContactJenniferZirconjen@zircuit.com
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