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Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.\nEigenLayer has been in the news this week after it announced its \u2018stakedrop,\u2019 where it will distribute EIGEN tokens to early users of the restaking platform.\xa0\nSreeram Kannan, founder and CEO of EigenLayer, and Robert Drost, CEO and executive director of the Eigen Foundation, discuss the launch of the token, a \u201cuniversal intersubjective work token\u201d and how it allows for slashing, or penalizing, for externally observable faults, such as data unavailability. The Eigen Foundation, a non-profit entity based in the Cayman Islands, was also recently established to grow the protocol and assist in creating a decentralized community.\xa0\nThey also address criticisms of the token's launch, including geoblocking and the initial non-transferability of stakedrops for the community and explain why they decided to allocate an additional 100 EIGEN tokens for all participants in the stakedrop. Plus, they reveal a target date by when a decision about the token unlock date should be made.\n\nShow highlights:\n\nThe buzz around the universal intersubjective work token and what it was created for\n\nWhat constitutes the digital commons and its two primary characteristics\n\nHow the EIGEN token is designed to prevent the necessity of forking an entire blockchain\n\nWhether dapps should evolve into AVSes and EigenLayer\u2019s complementary role to Ethereum, not replacing it\n\nWhy the Eigen Foundation was established and how it differs from Eigen Labs\n\nRobert's response to the criticism regarding the exclusion of certain countries\n\nWhy EIGEN will be distributed linearly, despite it potentially favoring whales\n\nEigenLayer's announcement of an updated stakedrop, after listening to community feedback\xa0\xa0\n\nThe critique of the vesting schedule and Robert's explanation of when the lock period actually starts\n\nWhy Sreeram believes that transfer restrictions are beneficial and empowering for users\n\nWhat the next steps are for EigenLayer\n\n\nThank you to our sponsors!\n\niTrustCapital\n\nPolkadot\n\nVaultCraft\n\nGuests\n\n\nSreeram Kannan, founder of EigenLayer\n\nPrevious appearance on Unchained:\xa0\n\nWhy EigenLayer May Be the Most Innovative New Ecosystem Since Ethereum\n\nDo You Need to Think Twice Before Restaking Your Assets?\n\n\nRobert Drost, CEO and executive director of the Eigen Foundation\n\nLinks\nAirdrop:\n\nIntroducing the Eigen Foundation, EIGEN token and Season 1 Stakedrop\n\nRobert Drost\u2019s thread on the Eigen Foundation\n\nViktor Bunin\u2019s thread on the token\xa0\n\nUnchained:\xa0\n\nEigen Foundation to Allocate an Additional $1,000 in EIGEN Tokens to Over 280,000 Users\n\nShould You Sell ETH Before the Just-Announced EigenLayer Airdrop?\n\nReaction\n\nCoinDesk: Why Eigenlayer\u2019s Airdrop Is Controversial\n\n\nUnchained: 5 Reasons E-Beggars Are Not Happy With EigenLayer\u2019s Airdrop\n\n\n\nLearn more:\xa0\n\nUnchained:\n\nWhat Is EigenLayer? A Guide to the Decentralized ETH Restaking Protocol\n\nWhat Is Ethereum Restaking? A Beginner\u2019s Guide\n\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices