{"id":38351,"date":"2024-09-24T21:35:02","date_gmt":"2024-09-24T21:35:02","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/eigenlayer-prepares-for-eigen-token-transfer-restrictions-lift-on-sept-30\/"},"modified":"2024-09-24T21:35:02","modified_gmt":"2024-09-24T21:35:02","slug":"eigenlayer-prepares-for-eigen-token-transfer-restrictions-lift-on-sept-30","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/eigenlayer-prepares-for-eigen-token-transfer-restrictions-lift-on-sept-30\/","title":{"rendered":"EigenLayer prepares for EIGEN token transfer restrictions lift on Sept. 30"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/09\/EigenLayer-prepares-for-EIGEN-token-transfer-restrictions-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/09\/EigenLayer-prepares-for-EIGEN-token-transfer-restrictions-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/09\/EigenLayer-prepares-for-EIGEN-token-transfer-restrictions-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/09\/EigenLayer-prepares-for-EIGEN-token-transfer-restrictions-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>EigenLayer will lift EIGEN token transfer restrictions on September 30, 2024.<\/li>\n<li>Stakeholders must observe a 7-day withdrawal period to unstake EIGEN tokens.<\/li>\n<li>Pre-market values EIGEN tokens at $3.4, with TVL dropping from $20B to $12B.<\/li>\n<\/ul>\n<p>EigenLayer, a prominent restaking protocol, is set to remove transfer restrictions on its native EIGEN token, enabling stakeholders to trade and transfer their tokens starting on September 30.<\/p>\n<p>This significant <a href=\"https:\/\/x.com\/eigenfoundation\/status\/1838270195246170553\">update<\/a> comes after months of anticipation, particularly following the protocol\u2019s recent token distributions.<\/p>\n<h2>EIGEN token remain non-transferable<\/h2>\n<p>EigenLayer has been at the forefront of crypto innovation, allowing users to stake their ether (ETH) to secure third-party networks and other validated services. The platform\u2019s native token, EIGEN, which was <a href=\"https:\/\/coinjournal.net\/news\/eigenlayer-announces-token-launch-and-airdrop-for-the-community\/\">launched in April<\/a>, plays a pivotal role in this ecosystem.<\/p>\n<p>However, up until now, EIGEN tokens remain non-transferable due to restrictions in place following two major \u201cstakedrop\u201d events. The tokens remained locked, and stakeholders could not transfer or trade them.<\/p>\n<p>With the lifting of these restrictions, EIGEN holders, including those who received airdropped rewards, will now have the ability to manage their assets freely.<\/p>\n<p>For those who have staked their tokens, EigenLayer clarified that a mandatory 7-day withdrawal period must be observed for unstaking EIGEN. This adds a minor delay before tokens can be fully withdrawn and traded.<\/p>\n<h2>EigenLayer has experienced significant funds outflow<\/h2>\n<p>In pre-market trading, derivatives of the EIGEN token have been valued at approximately $3.4, with a fully diluted valuation of $5.4 billion.<\/p>\n<p>However, despite the initial success, EigenLayer has experienced a significant outflow of funds in recent months, reducing its total value locked from $20 billion in June to $12 billion.<\/p>\n<p>As the transferability date approaches, the platform\u2019s future trajectory remains closely watched by the crypto community.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/eigenlayer-prepares-for-eigen-token-transfer-restrictions-lift-on-sept-30\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) EigenLayer will lift EIGEN token transfer restrictions on September 30, 2024. Stakeholders must observe a 7-day withdrawal period to unstake EIGEN tokens. Pre-market values EIGEN tokens at $3.4, with TVL dropping from $20B to $12B. EigenLayer, a prominent restaking protocol, is [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":38352,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/38351"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=38351"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/38351\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/38352"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=38351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=38351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=38351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}