Ukrainian-Austrian cryptoanalytics company Obchakevich Research claims that EigenLayer (EIGEN), a blockchain protocol focusing on restaking on the Ethereum network, has disappointed investors. The protocol raised $64.5 million from venture capital funds, promising high revenues for users and reliability for investors. However, actual returns on staking assets were significantly lower, leading to dissatisfaction. The project's transparency was also questioned, with suspicions of insider trading and market manipulation. On the other hand, Obchakevich praised the Bracket protocol for its innovation in the liquid betting market. The EIGEN token has seen price fluctuations but is currently trading 13.5% lower from its all-time high.
- Content Editor ( coinedition.com )
- 2024-10-12
EigenLayer Failed to Complete its Promises: Researcher