HOW TO PREPARE FOR EIGENLAYER TESTNET ⚡️
This could be one of the next big trends.
Eigenlayer: A protocol on Ethereum to "re-stake" your ETH.
How does it work and is there a potential big airdrop?
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What is EigenLayer?
EigenLayer enables ETH stakers to restake their ETH or LSD (stETH, rETH) to secure other apps on the network, earning additional rewards.
Users opt-in Eigen's smart contracts and stake to earn interest on top of the existing ETH POS interest.
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How does EigenLayer work?
You can refer to my thread from January to learn more about the technical aspects, if you wanted to:
twitter.com/OlimpioCrypto/status/1610013658125328384
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Status of EigenLayer
The initial phase of the three-stage launch plan for EigenLayer's protocol, the Stage 1 Testnet, was unveiled by the company on the 6th of April, 2023.
This testnet is not incentivized. But you can try it now! 👀
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STEPS TO START: (this is in Goerli Testnet)
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Get Goerli ETH on faucetlink.to/goerli or faucet.paradigm.xyz
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Switch your wallet RPC to the Goerli Test Network
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Send some Goerli Test ETH to this address 0x1643E812aE58766192Cf7D2Cf9567dF2C37e9B7F to get stETH
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STEPS CONTINUED:
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Visit goerli.eigenlayer.xyz and connect your wallet
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Click the “Lido Staked Ether (stETH)” option
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Enter the amount you want to deposit and stake the stETH you just received
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Approve and confirm the transaction
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See your balance on the dashboard.
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POSSIBLE AIRDROP?
• Not likely, for now.
• They have not confirmed any airdrop.
• Testnet is not incentivized.
However, it usually is a good idea to be an early adopter in the crypto space. It might pay off! 🪂
Moreover, this is a testnet, so no capital is needed.
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Thanks! Protocol is so cool. 😃
I just voted "Yes" on "Velodrome Strategy Update" snapshot.org/#/stgdao.eth/proposal/0x6b703b90d3cd1f82f7c176fc2e566a2bb79e8eb6618a568b52a4f29cb2f8d57b #snapshotlabs
🌿 Alpha Leak- Zerion Extension x Lens 🌿
And on the 3rd day the Lord created.... Zerion
We're big @shl0ms.lens fans & we thought collecting this post on @lensprotocol was a perfect way to show off our browser extension which is currently in private beta!
The first 500 ppl to collect & mirror this post can get skip the 350k person waitlist and get Early Access. You know what to do 😎
What do Lensians think about EigenLayer? Seems kind of a way to bring better Cosmos ecosystem type of a solution on Ethereum
ARBITRUM AIRDROP IS LIVE 🔵 🪂
Finally, ARB claim site started to work a few minutes ago.
Thread: how to claim and delegate right now! 🧙♂️ 🏛️
▓▓▓▓▓▓ 100%
To claim:
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Go to Arbitrum's website: 🔗 arbitrum.foundation
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Click on "Claim" and follow the steps
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Delegate to olimpio.eth 🏛️
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✅
If you believe I am the right fit. My principles are decentralization, self-custody, privacy
For months, I recommended everyone to delegate their $OP tokens.
Then, Optimism did their Airdrop #2, and one eligibility criteria was to be active in governance (a.k.a. delegating)
Do with this as you may 👀
💡 ICYMI: delegating is enabling your voting power to a delegate
Here is my delegate application and some thoughts of DeFi, blockchain, and governance:
🏛️ forum.arbitrum.foundation/t/delegate-application-template/31/230?u=olimpio
Where to trade ARB?
• Use DexScreener/GeckoTerminal to monitor blockchains for pools.
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Take $ARB's token contract: 0x912ce59144191c1204e64559fe8253a0e49e6548
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Paste in on dexscreener.com / geckoterminal.com
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You will see a pool list where ARB is trading!
Also, centralized exchanges CEXs are listing $ARB.
Almost all of them confirmed listing.
• Binance: today 17:00 (UTC)
• OKX: today (UTC) - 20 mins after claim opens
• Kucoin: today (UTC) - immediately on claim open
• Coinbase: "if and when liquidity conditions are met" 🤡
Transactions not going through?
• If you are having problems with your transactions going through, Arbitrum RPC nodes could be having server load issues.
Here is a thread I made to create your custom RPC endpoint for free and in 5 minutes: twitter.com/OlimpioCrypto/status/1638665520940560384
ARB had a rocky launch, with their main website failing for more than 1 hour, and Arbiscan also going down.
The team denies it's from a DDoS or similar attack, they say it's just server load.
If you are still experiencing issues, retry, it works intermittently.
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