Reports from cybersecurity firms or expert analysis in the crypto security domain

EigenLayer Increases $EIGEN Allocation to 110 After Community Backlash

May 5, 2024, 12:59 PM

EigenLayer's $EIGEN token distribution has sparked significant discourse within the cryptocurrency community. The company opted for a linear distribution model to mitigate sybil attacks, as explained by Sreeram Kannan. Despite this, the strategy faced criticism for its lack of transparency and the perceived complexity in token allocation, leading to community backlash. In response, EigenLayer increased the minimum token allocation to 110 $EIGEN and clarified the vesting schedule for fairness. The controversy has highlighted broader issues in crypto token distribution, such as addressing intersubjective faults, with calls for more transparent and fair practices, notably from Uniswap founder Hayden Adams.