EigenLayer Addresses Airdrop Controversy and Ecosystem Measures
Darius Baruo Aug 16, 2024 02:27
EigenLayer clarifies its stance on employee airdrops and outlines steps taken to ensure transparency within its ecosystem.
EigenLayer has issued a community update addressing recent concerns about airdrops within its ecosystem and the involvement of its employees. The update follows an article by CoinDesk that highlighted airdrops received by Eigen Labs employees and their participation in those events, according to EigenLayer Blog.
What Happened
In the update, EigenLayer clarified that several projects within its ecosystem had airdropped tokens to Eigen Labs employees. These airdrops were part of a broader distribution that included multiple other projects and individuals. The company emphasized that there was no coercion or preferential treatment involved. For instance, AltLayer explicitly mentioned that their airdrop included dozens of other projects, not just Eigen Labs.
Why It Happened
EigenLayer explained that airdrops are a common tool for business development and partnerships within the crypto industry. The company believes that team-sourced contributor lists are a superior distribution mechanism compared to alternatives like Github contributions, which can be subject to Sybil attacks and exclude non-developer contributions. Therefore, EigenLayer helped source contributor lists for various projects in its ecosystem, which were then used for the airdrops.
Steps Taken
To address potential conflicts of interest, EigenLayer updated its internal policies in May, prohibiting employees from receiving future airdrops. Any future airdrops to Eigen Labs will now be directed solely to the company itself. Additionally, in June, EigenLayer launched the EigenLayer Ecosystem Network, inspired by the Protocol Guild. This initiative allows projects to list their company addresses, ensuring that any airdrops are directed to companies on the list, thereby aligning incentives across the ecosystem.
EigenLayer reiterated its commitment to building a credibly neutral core infrastructure for Ethereum and emphasized the importance of community trust in its neutrality. The company acknowledged the need for continuous experimentation, feedback, and learning to get incentives right and improve transparency.
The company stated that as it evolved from a small early-stage project to a more central position in the ecosystem, it has made several improvements to its products and processes. EigenLayer assured the community that it remains dedicated to listening and making necessary adjustments to enhance transparency and trust. The company aims to build a coordination layer for ecosystem participants, fostering stronger partnerships and synergistic interactions.
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