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Eigen Foundation Advisor Reveals Millions in EIGEN Token Incentives
Justin Drake, a known Ethereum researcher, was announced as the new advisor for Eigen Foundation, an entity supporting the EigenLayer protocol and community.
In a post on social media platform X, Drake revealed the incentives he received following his new role at the Eigen Foundation. Drake highlighted the importance of transparency in the community and cited it as the reason for his reveal.
Drake received incentives in the form of EIGEN tokens for his advisorship. The incentives potentially surpass the value of his current assets, which include primarily Ethereum (ETH). These EIGEN tokens will be locked for three years while also amounting to millions of US dollars.
In an attempt to calm the public, Drake offered to return all incentives from his advisorship to the projects in the Ethereum ecosystem that are working on something meaningful either through investments or charity. Drake said tha
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