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Eigen Layer is a liquidity provision protocol designed to enhance the Ethereum ecosystem by allowing users to stake their existing assets, such as gETH, to earn rewards. This project aims to innovate the staking landscape by integrating various decentralized finance (DeFi) functionalities, thereby empowering users to maximize their asset utility. With significant backing from notable investors like Polychain Capital and Coinbase Ventures, Eigen Layer is poised to make a substantial impact within the DeFi space.
Eigen Layer has confirmed an airdrop for users who participate in its staking mechanism. To qualify for the airdrop, users need to stake gETH for rETH, acquire stETH on the Testnet, and then stake on Eigen Layer to earn points. These points will be convertible into Eigen Layer tokens, providing an opportunity for early adopters to benefit from the project's growth and trajectory.
How To Farm Eigen Layer Airdrop
To farm the Eigen Layer airdrop, users must complete a series of tasks that involve staking activities. They should first stake their gETH to receive rETH and then obtain stETH on the Testnet. Afterward, users need to stake their assets on Eigen Layer to accumulate points. Successfully completing these steps will enable participants to earn airdrop tokens, rewarding them for their engagement with the platform.