George Town, Grand Cayman, November 8, 2024 — Zircuit, the chain where innovation meets security, proudly announces the success of its EIGEN Fairdrop initiative. With a first-of-its-kind distribution of 2% of ZRC tokens to eligible EIGEN holders, Zircuit underscores its commitment to decentralization and community empowerment.
Features of EIGEN Fairdrop
The EIGEN Fairdrop, an industry first, provided equal shares to over 190,000 eligible EIGEN holders and moved away from traditional distribution models that often favor larger stakeholders. Within just the first week, over 51,000 users claimed their ZRC, and this fair, community-first approach has garnered widespread appreciation across the crypto space. The Fairdrop includes a wide range of contributors to the EigenLayer ecosystem, extending beyond EIGEN stakers to support Uniswap liquidity providers, EtherFi eEIGEN holders, and Renzo ezEIGEN holders.
Community Reaction
The Fairdrop, an industry milestone, supports Zircuit’s vision of an inclusive Ethereum ecosystem and strengthens the EigenLayer network by recognizing all contributors. The initiative’s snapshot, taken on October 8, 2024, at Ethereum Block #20919999, included wallets with a minimum of 3 EIGEN tokens while excluding core EigenLayer team members and investors, keeping the focus on the community.
Security and Future of Zircuit
Zircuit protects users from hacks through its built-in, automated AI techniques that guard against smart contract exploits and malicious actors. Bolstered by its strong security infrastructure, Zircuit is the central hub for restaked assets featuring unparalleled security and allowing users to potentially earn industry-leading yields natively. With $1.8 billion in Total Value Locked (TVL), Zircuit is the premier liquidity hub for restaked assets (ETH, BTC, LSTs, and LRTs) where users can receive stronger security guarantees and trust.
The successful execution of Zircuit's EIGEN Fairdrop highlights their dedication to creating a fair, secure, and inclusive Ethereum ecosystem. This is a significant step not just for Zircuit but for the entire crypto community.
