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Liquid Staking

EigenLayer - The Point to the Points

Kunal Goel

Jan 30, 2024Ā ā‹…Ā  9 min read

EigenLayer is perhaps the most highly anticipated launch of 2024. With the opportunity it presents and a points-based incentive program, it has lured ETH capital worth $1.8 billion. While points have been untradable, with some DeFi trickery, users can now strip the airdrop value from their restaked ETH. This airdrop value represents a very significant fixed APY of 30%. However, a greater opportunity may be available to those willing to sell this high APY to leverage farm the EigenLayer airdrop.

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Kunal Goel

72 Reportskunalgoel

Kunal previously worked in equity research and now considers himself a financial analyst in crypto. He specializes in valuation and bottom-up analysis for Layer-1 and DeFi protocols because he has yet to learn of a way to value NFTs.

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About the author

Kunal Goel

Kunal previously worked in equity research and now considers himself a financial analyst in crypto. He specializes in valuation and bottom-up analysis for Layer-1 and DeFi protocols because he has yet to learn of a way to value NFTs.

72 Reportskunalgoel

Mentioned in this report