Celebrating the Success of Zircuit’s ZRC EigenLayer Fairdrop

Zircuit, the
chain where innovation meets security, is thrilled to announce the success of
its EIGEN Fairdrop initiative. With a first-of-its-kind distribution of 2% of
ZRC tokens to eligible EIGEN holders, Zircuit has introduced a model of
fairness and inclusivity in the Ethereum staking ecosystem, underscoring a
commitment to decentralization and community empowerment.

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 and 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.

Sreeram
Kannan, Founder of EigenLayer, praised Zircuit’s approach, saying, “Thrilled to see Zircuit introducing
the first Fairdrop for EIGEN holders with 2% of their ZRC tokens. This is an
amazing community-first approach, embodying fairness in the EigenLayer
ecosystem, with everyone receiving the same amount.”

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.

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.

During Mainnet,
users can bridge their assets and start staking to potentially earn rewards and
airdrops from the Zircuit ecosystem at the Liquidity Hub.

About
Zircuit

Zircuit
(https://www.zircuit.com/) provides developers with advanced features and users
with peace of mind. Built by a team of web3 security experts and PhDs, Zircuit
merges high performance with unparalleled security, making it the safest choice
for DeFi and staking

This article was written by FL Contributors at www.forexlive.com.