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[PRESS RELEASE – George Town, Grand Cayman, November 8th, 2024]
Zircuit, the chain the place innovation meets safety, is thrilled to announce the success of its EIGEN Fairdrop initiative. With a first-of-its-kind distribution of two% of ZRC tokens to eligible EIGEN holders, Zircuit has launched a mannequin of equity and inclusivity within the Ethereum staking ecosystem, underscoring a dedication to decentralization and neighborhood empowerment.
The EIGEN Fairdrop, an {industry} first, supplied equal shares to over 190,000 eligible EIGEN holders and moved away from conventional distribution fashions that usually favor bigger stakeholders. Inside simply the primary week, over 51,000 customers claimed their ZRC and this honest and community-first method has garnered widespread appreciation throughout the crypto house.
The Fairdrop contains a variety of contributors to the EigenLayer ecosystem, extending past EIGEN stakers to help Uniswap liquidity suppliers, EtherFi eEIGEN holders, and Renzo ezEIGEN holders.
Sreeram Kannan, Founding father of EigenLayer, praised Zircuit’s method, saying, “Thrilled to see Zircuit introducing the primary Fairdrop for EIGEN holders with 2% of their ZRC tokens. That is an incredible community-first method, embodying equity within the EigenLayer ecosystem, with everybody receiving 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 initiative’s snapshot, taken on October 8, 2024, at Ethereum Block #20919999, included wallets with a minimal of three EIGEN tokens whereas excluding core EigenLayer crew members and traders, holding the give attention to the neighborhood.
Zircuit protects customers from hacks by means of its built-in, automated AI strategies that guard in opposition to sensible contract exploits and malicious actors. Bolstered by its sturdy safety infrastructure, Zircuit is the central hub for restaked belongings that includes unparalleled safety and permitting customers to probably earn industry-leading yields natively. With $1.8 billion in Complete Worth Locked (TVL), Zircuit is the premier liquidity hub for restaked belongings (ETH, BTC, LSTs, and LRTs) the place customers can obtain stronger safety ensures and belief.
Throughout Mainnet, customers can bridge their belongings and begin staking to probably earn rewards and airdrops from the Zircuit ecosystem on the Liquidity Hub.
To be taught extra about Zircuit, customers can go to zircuit.com or learn the developer docs at docs.zircuit.com
About Zircuit
Zircuit gives builders with superior options and customers with peace of thoughts. Constructed by a crew of web3 safety specialists and PhDs, Zircuit merges excessive efficiency with unparalleled safety, making it the most secure alternative for DeFi and staking. Customers can go to zircuit.com or observe us on Twitter/X @ZircuitL2.
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