Coinspeaker
Ethereum L2 EigenLayer to End Token Transfer Restrictions by September 30
The EIGEN token transfer restrictions on Ethereum Layer-2 protocol EigenLayer will end in less than one week. This means that token transferability will be activated by September 30, giving stakeholders permission to trade and transfer their share of EIGEN tokens, including the airdropped rewards.
EigenLayer TVL Drops Significantly
As part of removing transfer restrictions for the token, users with staked tokens must observe a 7-day withdrawal period to unstake their EIGEN tokens. Before this time, all tokens during EigenLayer’s “stakedrop” were non-transferrable. EigenLayer prides itself on a protocol that allows users to deposit and stake Ethereum.
In the long run, it aims to put the staked funds on secure third-party networks or Actively Validated Services (AVS). The platform has a total supply of 1.67 billion native tokens, which are expected to play a role within a crypto-econo
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