Why EigenLayer Gave Away More Tokens After Widespread Criticism of Its Stakedrop
EigenLayer has been in the news this week after it announced its ‘stakedrop,’ where it will distribute EIGEN tokens to early users of the restaking platform. Sreeram Kannan, founder and CEO of EigenLayer, and Robert Drost, CEO and executive director of the Eigen Foundation, discuss the launch of the token, a “universal intersubjective work token” and how it allows for slashing, or penalizing, for externally observable faults, such as data unavailability. The Eigen Foundation, a non-profit entity based in the Cayman Islands, was also recently established to grow the protocol and assist in creating a decentralized community. They also address criticisms of the token's launch, including geoblocking and the initial non-transferability of stakedrops for the community and explain why they decided to allocate an additional 100 EIGEN tokens for all participants in the stakedrop. Plus, they reveal a target date by when a decision about the token unlock date should be made.
Building consumer products on permissionless protocols
In Episode 04 of Onchain Alpha our host Humpty Calderon speaks with Rish of Neynar. The conversation explores the challenges of building on Web2 APIs and the value proposition of Neynar's infrastructure. They also delve into the revolutionizing effect of Frames on Farcaster and the future possibilities of Frame Studio. The conversation concludes with Rish emphasizing the importance of the work happening behind the scenes at Neynar. Find the companion article to this podcast on our blog: https://cryptosapiens.xyz/building-consumer-crypto-products-on-permissionless-social-protocols
Ep 45 - Jagwar Twin
Jagwar Twin joins us to unpack the success of his hit song "Bad Feeling". We dive into the Hall of Mirrors and the hero's journey to being an artist in 2024.
Ep 44 - Daniel Allan
Daniel joins us as our first returning guest to talk about his hit song "I Just Need" with Lyrah and going viral on Instagram. Don't miss his first tour coming to Denver, LA and NYC next month! Tickets - danielallan.xyz/collectors
EP #123: Data Availability in The Modular Stack Explained
As you know, we've become quite the modular blockchain activists and have been focusing on modular rollups quite a bit recently. Today's podcast is a deep dive into how Celestia's Data Availability Sampling (DAS) is changing the way we think about onchain data publishing verification. This modular approach allows for the customization of blockchains for specific use cases, aligning with the philosophy of the "internet of blockchains" and making it easy to launch modular rollups. We'll also delve into Celestia's introduction of the innovative light node, which addresses the challenge of efficient data verification without requiring users to download large amounts of information. This approach aims to ensure end-user verifiability while accommodating the potential growth of the Celestia block size in the future. As one of the pioneers of Modular Blockchains, COO Nick White explains his thesis on the above and what modularism, not maximalism means to him. So, join us in uncovering Celestia's modularity and innovative solutions to data verification are driving its unique position in the blockchain space, offering a new paradigm for building and customizing blockchains for diverse applications and use cases.
