George Town, Grand Cayman, November 8, 2024, Chainwire
Zircuit, the network where innovation meets security, is elated to announce the success of its EIGEN Fairdrop initiative. With a first-of-its-kind distribution of 2% ZRC tokens to eligible EIGEN holders, Zircuit introduced a model of fairness and inclusivity in the staking ecosystem, underscoring its commitment to decentralization and community empowerment.
EIGEN Fairdrop, an industry first, provided equal shares to over 190,000 eligible EIGEN holders and moved away from customary distribution models that often favor larger stakeholders. In the first week alone, over 51,000 users claimed their ZRCs, and this fair and community-oriented approach has gained wide acceptance in the crypto space.
Fairdrop includes a wide range of contributors to the EigenLayer ecosystem, extending beyond EIGEN stakers to support liquidity providers, EtherFi eEIGEN holders and Renzo ezEIGEN holders.
Sreeram Kannan, founder of EigenLayer, praised Zircuit’s approach, saying: “I am excited to see Zircuit launch the first Fairdrop for EIGEN holders with 2% of their ZRC tokens. This is an incredible community-driven approach that embodies fairness in the EigenLayer ecosystem, where everyone receives the same amount.”
An industry milestone, Fairdrop supports Zircuit’s vision for an inclusive Ethereum ecosystem and strengthens the EigenLayer network by crediting all contributors. The initiative snapshot taken on October 8, 2024 on Ethereum block #20919999 included wallets with at least 3 EIGEN tokens, while excluding core EigenLayer team members and investors, focusing on the community.
Zircuit protects users from hacks with built-in, automated artificial intelligence techniques that protect against astute contract exploits and malicious actors. With a powerful security infrastructure, Zircuit is a central hub for reoccupied assets, providing unmatched security and enabling users to potentially earn industry-leading profits natively. With an amount of $1.8 billion Total (EPA:) Value Locked (TVL), Zircuit is the premier liquidity hub for re-staking assets (ETH, BTC, LST and LRT) where users can obtain stronger guarantees of security and trust.
On Mainnet, users can pool their assets and start staking to potentially earn rewards and airdrops from the Zircuit ecosystem in the liquidity hub.
To learn more about Zircuit, users can visit zircuit.com or read the developer documentation at docs.zircuit.com
About Zircuit
Zircuit provides developers with advanced features and users with peace of mind. Built by a team of web3 security experts and PhD students, Zircuit combines high performance with unmatched security, making it the safest choice for DeFi and staking. Users can visit zircuit.com or follow us on Twitter/X @ZircuitL2.
ContactJenniferCircusjen@zircuit.com
