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Can EigenLayer Live Up to Hype?
Published on Apr 24, 2024
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Sponsor: Celo — Celo is returning to Ethereum with OP Stack and celebrating four years of mainnet!

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NEED TO KNOW
CZ Crackdown
  1. 🧑‍⚖️ DOJ coming for CZ. The U.S. Department of Justice has requested 3-years imprisonment for Binance founder Changpeng Zhao over violations of U.S. anti-money laundering and sanctions laws.
  2. 🪙 Block's mining plans. Block, the payments startup created by Twitter founder Jack Dorsey, just announced the completion of its 3-nanometer Bitcoin mining chip and plans for a full-fledged Bitcoin mining system.
  3. ✍️ New ETH ETF filings. BlackRock and Grayscale filed amendments to their Ethereum ETF applications, indicating that both firms are gunning to have their spot ETH ETFs approved by the SEC as soon as possible.
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TODAY IN MARKETS
Renzo Madness

😨 Depeg Discount. Renzo’s ezETH liquid restaking token (LRT) suffered a monstrous 80% depeg last night! What prompted the dislocation, and how has the token price responded?

Prices as of 3pm ET 24hr 7d
Crypto $2.39T ↘ 2.8% ↗ 5.7%
BTC $64,473 ↘ 3.4% ↗ 4.1%
ETH $3,139 ↘ 2.8% ↗ 3.1%
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ANALYSIS
Can EigenLayer Live Up to Expectations?
Bankless Author: Jack Inabinet

EigenLayer is undeniably the most anticipated airdrop opportunity in the history of crypto, but is a down-only move after the token drop inevitable for both EIGEN and the broader Ethereum ecosystem?

Nearly 5M ETH, worth approximately $15.5B, has been restaked to EigenLayer in anticipation of these impending airdrops, but there is growing concern that future yields will fail to satisfy early adherents.

Let's dig into EigenLayer's post-airdrop prospects 👇


FRIEND & SPONSOR: CELO

After Celo’s community unanimously voted to migrate the mobile-first, EVM-compatible L1 to an Ethereum L2 (#CEL2), core contributors cLabs spent months evaluating and testing leading tech stacks. On Celo mainnet’s 4-year anniversary, cLabs is excited to announce its proposal to leverage Optimism’s OP Stack.

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LATEST POD
EA or e/acc?

To accelerate or decelerate tech in the age of AI… that is the question.

Today’s episode is a discussion and at times a debate, with Haseeb Qureshi in the corner of Effective Altruism (EA), favoring more caution around AI, and Erik Torenberg tending toward the Effective Accelerationism (e/acc) side, seeking faster progress.

Where do you stand here? Reflect with this epic convo! 👇

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GO BANKLESS
Don't Miss Another Airdrop!

Thousands of Bankless Citizens scored an average of $3,500 worth of tokens after Ether.fi's airdrop. Did you miss out again?

Ether.fi was in the Bankless Airdrop Hunter, and you could have gotten into the latest drop by following our quests! There are nearly 80 other crypto protocols in Airdrop Hunter waiting for you.

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