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EigenLayer, After Touching Off Restaking Frenzy, Plans Own EIGEN token

Sreeram Kannan, leader of the project, had previously refused to confirm any plans for an EIGEN token. That hadn't stopped crypto traders from betting heavily on the likelihood; they poured in more than $15 billion of deposits, aiming to collect incentives for early users.

EigenLayer founder Sreeram Kannan at ETH Denver 2024 (Danny Nelson/CoinDesk)
EigenLayer founder Sreeram Kannan at ETH Denver 2024 (Danny Nelson/CoinDesk)