Eigen layer created huge buzz in the Airdrop community after raising 100M from a16z, many are puzzled how to position in it’s potential Airdrop.
Eigen Layer Caps are currently Paused hence Only way to Earn Eigen Layer points for the potential biggest $EIGEN Airdrop is through LRTs.
Currently the most optimal path to Farm the Eigen Layer Airdrop is
Stake you $ETH on Renzo to Get $ezETH
Deposit your $ezETH on Zircuit
Fee = $20 - $50 depending on Gwei
Capital = Minimum 0.3 ETH
Benefits
Eigen Layer Points , 164M Funding and Probably one of the Largest Airdrop
Qualify for Eigen Layer ecosystem projects like $ALT
Renzo Points, Backed by Binance Labs and raised 3.2M Seed Funding
Zircuit Points, Backed by Tier 1 VCs like Pantera and Dragon fly Capital
Risks
Smart contract risk
House of card risk, Eigen layer Renzo Zircuit everything needs to be working properly for you to not lose money.
Loss due to ETH price dump.
Detailed Steps 👇
Staking ETH on Renzo
Firstly before making any moves lets understand what we are doing here.
We are basically depositing our ETH to Renzo to Natively stake that with Eigen Layer and earn us points for us.
Restaking into Eigen layer is paused but Native Staking ETH is live.
Our ETH isn’t locked as well Because we get ezETH in return for the ETH we deposited. ezETH has the same dollar value as ETH.
Firstly load up your Wallet with some $ETH on Ethereum Mainnet (atleast 0.3 ETH + $50 of ETH for Gas fee).
Go to → https://app.renzoprotocol.com/?ref=0x989497f7a002313f43f2c74abd4a60766ddacc67
Click on “ReStake” button on the Ethereum row.
Enter the amount of ETH you want to deposit into Renzo
Click Confirm and Approve Transactions on MetaMask
Now both Eigen and Renzo Points have started farming.
Depositing into Zircuit
Zircuit is a fully EVM compatible zero knowledge roll up backed by Tier 1 VCs.
We can also withdraw our ezETH any time we want ,it will be withdrawn in the form of wrapped ETH.
Enter the amount of ezETH you have into the marked box
Scroll down and confirm
Approve spending your ezETH in your wallet and deposit
Now you are getting,
Staking APR + Restaking APR + Eigenlayer Points + Renzo Points + Zircuit Points
This will also get you positioned into several other Airdrops 🪂
CULT Signing off until next time :)