Amidst the multiple backslashes that the EigenLayer protocol has received over its EIGEN token distribution, Ethereum researcher Justin Drake has taken to X to offer some disclosure.
Perks of an EigenLayer Advisor
Drake confirmed that he recently became an advisor to the Eigen Foundation. This is in addition to the two other Ethereum Foundation staff that have a formal relationship with EigenLayer entities. On the matter of EIGEN token distribution, Drake agreed that the community deserve transparency.
In his explanation, the Ethereum researcher noted that as an advisor, he stands to receive a significant EIGEN token incentive. There is a possibility that this token could be worth more than the combined value of the other digital assets in his portfolio. This includes Ethereum which makes up a larger share of his crypto holdings. He believes that as an advisor, the EIGEN token could run into millions of dollars vesting over three years.
Drake’s plan is to reinject the proceeds from
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