EigenLayer is a blockchain technology company that focuses on enhancing the security and functionality of decentralized networks. Their platform enables the reuse of staked cryptocurrency assets, allowing them to secure multiple protocols simultaneously, thereby increasing capital efficiency and network security. EigenLayer aims to drive innovation in the blockchain space by providing a flexible and scalable solution for leveraging existing crypto assets across various decentralized applications.
Bixin Ventures, Electric Capital, Galaxy Digital Holdings, Hack VC, Robot Ventures, Ethereal Ventures, Divergence Ventures, Bluebirds Capital, Breyer Capital, Coinbase Ventures, Polychain Capital, P2 Ventures, Crypto.com Capital, Delphi Ventures (New York), TRGC, Moonhill Capital, Comfy Capital, Ambush Capital, WAGMI Ventures (New York), Bloccelerate, Wave Digital Assets, Protagonist, Cyber.Fund, Archer Capital (Denver), Hash3.
EigenLayer is currently a private company. This means that the company is not listed on any public exchange and so there is no public market for its stock. However, there may still be ways to monetize EigenLayer stock. Depending on EigenLayer’s policies, you may be able to: (1) find a private buyer in the secondary market to purchase your stock, (2) borrow against your stock, or (3) exchange EigenLayer stock into the Collective Exchange Fund for a limited partnership interest and then borrow non-recourse against your interest to generate immediate cash. This last alternative can be much quicker and net you more after-tax cash than your other options. An exchange into our fund also reduces your risk by diversifying your holdings out of an over-concentrated position.
Collective Liquidity can provide liquidity to shareholders of EigenLayer stock in two ways. First, EigenLayer employees can exchange shares into the Collective Exchange Fund and then borrow non-recourse to generate immediate cash. This can net you more after-tax cash than a stock sale. It also reduces your risk by diversifying your holdings out of an over-concentrated position. In some cases, Collective may also be able to purchase your EigenLayer stock. Note that all transactions in EigenLayer shares are subject to the company’s policies regarding secondary transactions. Schedule a call with a Collective Liquidity representative to learn more about your private market liquidity alternatives.
EigenLayer stock is not listed on any public exchange and so there is no public market for its shares. Therefore, there is no single, centralized price for EigenLayer stock. Typically, shares of private companies like EigenLayer are set with buyers in one off negotiations. Collective Liquidity, however, uses a proprietary algorithm to determine its bids so we almost always have an immediately actionable price for you.
On Feb 2024, EigenLayer is reported to have closed an equity financing in which the investors valued the company at $1.02B. This valuation is typically calculated by multiplying the per share price of the preferred stock sold in the financing by the number of EigenLayer shares outstanding assuming the conversion of all stock options, warrants, etc.
Tickers are used to identify company’s shares on public markets like the NYSE or Nasdaq. Because EigenLayer is not currently publicly traded, it does not have a ticker symbol.
EigenLayer has not yet conducted an initial public offering (“IPO”) and so remains a private company. Though EigenLayer is a well-known, successful company, there can be no assurance that it will ever go public or be sold. Because of the risk this imposes on EigenLayer shareholders, many investors elect to gain liquidity for at least some of their shares before the IPO. Schedule a call with a Collective Liquidity representative to discuss your private market liquidity alternatives.
The token has dropped from $4.39 to $3.57 since it went live.
The token be listed on Binance at 05:00 UTC on Oct. 1.
Restaking leader EigenLayer is a hit with more risk-accepting retail investors, but it doesn’t currently meet institutional needs, says Tara Annison, Head of Product at Twinstake, a non-custodial staking provider for institutional clients.
Plus, the DeFi lending protocol Euler launched its V2 deployment on Wednesday.
The tokens equate to around 5% of EIGEN's total supply.
Eigen Labs circulated a list of team members' wallet addresses to EigenLayer ecosystem projects that were preparing to issue tokens. The firm later banned the practice, citing potential conflicts of interest.
RiskLayer, developed by Chainrisk Labs, has secured its Builders Round, co-led by Antler and Momentum6. This round includes investors like Wagmi Ventures,...
RiskLayer secures Builders Round led by Antler to develop DeFi Security Middleware on EigenLayer, aiming to enhance economic security.
EigenDA, built on Ethereum’s EigenLayer, has announced new security measures to counteract Sybil and DDoS attacks.