If you are someone who likes to explore new cryptocurrencies but does not want to make the effort of buying a token and then tracking its performance, airdrops can be a good way to follow your passion and earn free rewards. Airdrops are frequently used as a kind of marketing strategy where upcoming platforms send their native coins to Web 3.0 wallet addresses of active members of the blockchain community for free. In exchange for the free tokens, the receiver has to offer a small service like retweeting a post usually to spread the word about the new crypto coins. Just like how brands collaborate with social media influencers.
For many experts, airdrops are one of the easiest ways to achieve a small goal like how to make $100 a day with cryptocurrency. Among the new airdrops that are slated to hit the market soon is EigenLayer. What adds to the charm of this new airdrop is that EigenLayer is among the platforms that recently bagged funding from leading crypto exchange Coinbase Ventures.
Here’s Why Eigen Layer should be on your Watchlist?
Powered by the Ethereum network, EigenLayer is a blockchain protocol that allows ETH holders to restake their tokens via smart contracts. Ethereum stakers can access multiple services by restaking their staked ETH tokens and providing pooled security to the network. By restaking these coins, token holders can reduce capital costs and boost trust guarantees for individual services.
It’s also a popular platform among developers as they can build interoperable and scalable dApps with lightning-fast transactions and multiple NFT and DeFi use cases. Developers can also look forward to enjoying a capital base of staked ETH tokens and a decentralized validator set. They can access EigenLayer’s trust network to deploy a wide range of designs that are not usually possible with regular DeF tools.
EigenLayer might not be your regular coin tracker but EigenLayer offers you the opportunity to restake already staked ETH tokens that can be used for crypto-economic security on other protocols as well.
If you are interested in participating in EigenLayer’s new airdrop, here are three simple steps to do it, and all it takes is just 5 minutes.
Step 1: To get started, you need rETH and Testnet ETH
- Visit Goerli Faucet’s official website
- Put your address and click on the ‘send me ETH’ option
- And, you are all set to stake your ETH tokens on Rocketpool’s official portal.
Step 2: In the second step, you would need the sETH.
- To do that, first, open your Metamask wallet and click send
- Paste this address: 0x1643E812aE58766192Cf7D2Cf9567dF2C37e9B7F
- Click on the ‘I understand’ option after reading the guidelines
- Enter the amount and click send
Step 3: In this last step, you are all set to restake the ETH tokens
- Firstly, go to https://goerli.eigenlayer.xyz/
- Next, connect your Web 3.0 wallet
- Visit “Lido Staked Ether” and “Rocket Pool Ether”
- Now, you can choose between restaking rETH on Rocket Pool Ether and stETH on Lido Staked Ether.
Conclusion
A robust security mechanism, user-friendly features, and the functionality of Ethereum and the ETH token – there’s a lot that adds to the lure of EigenLayer’s restaking protocol. By introducing a nuanced way to scale with ETH tokens, EigenLayer has the potential to catalyze the way the world uses Ethereum. not just higher yield, but EigenLayer also boosts the efficiency and interoperability offered by regular Etgereum-based dApps. Given its versatility, you don’t need to wonder about what is the best time of day to buy cryptocurrency, you can simply participate in this airdrop to explore the new protocol.
Disclaimer: This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
