George City, Grand Cayman, November 8, 2024, Chainwire
Zircuit, the chain the place innovation meets security, is happy to announce the success of its EIGEN Fairdrop initiative. With the first-of-its-kind distribution of two% of ZRC tokens to eligible EIGEN holders, Zircuit has established a mannequin of equity and inclusiveness within the staking ecosystem, underscoring a dedication to decentralization and group empowerment.
An trade first, EIGEN Fairdrop has offered equal shares to greater than 190,000 eligible EIGEN holders, shifting away from conventional distribution fashions that always favor bigger shareholders. Over 51,000 customers signed up for his or her ZRC inside the first week, and this truthful and community-based strategy has gained widespread recognition all through the crypto area.
Fairdrop consists of a variety of contributors to the EigenLayer ecosystem, going past EIGEN stakers 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 that Zircuit is introducing the primary Fairdrop for EIGEN holders with 2% of their ZRC tokens. That is an incredible community-first strategy that embodies equity within the EigenLayer ecosystem, with everybody getting paid equally.”
An trade milestone, Fairdrop helps Zircuit's imaginative and prescient of an inclusive Ethereum ecosystem and strengthens the EigenLayer community by recognizing all contributors. A snapshot of the initiative, taken on October 8, 2024, at Ethereum Block #20919999, included wallets with a minimal of three EIGEN tokens, excluding core EigenLayer crew members and buyers, with an emphasis on the group.
Zircuit protects customers from hackers by means of its built-in, automated synthetic intelligence methods that defend towards misuse of good contracts and malicious actors. With a robust safety infrastructure, Zircuit is a central hub for recovered property with unmatched safety, enabling customers to probably earn superior returns natively. With $1.8 billion Whole (EPA:) Worth Locked (TVL), Zircuit is a number one liquidity heart for re-linked property (ETH, BTC, LST and LRT) the place customers can achieve stronger safety ensures and belief.
Through the Mainnet, customers can bridge their property and begin staking to probably earn rewards and drops from the Zircuit ecosystem within the Liquidity Hub.
To be taught extra about Zircuit, customers can go to zircuit.com or learn the developer documentation at docs.zircuit.com
About Circuit
Zircuit gives superior options for builders and peace of thoughts for customers. Created by a crew of web3 safety specialists and PhD college students, Zircuit combines excessive efficiency with unmatched safety, making it the most secure selection for DeFi and staking. Customers can go to zircuit.com or comply with us on Twitter/X @ZircuitL2.
ContactJenniferCircuitjen@circuit.com
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