Crypto people, what do you think about EigenLayer?
Recently saw EigenLayer getting a lot of negative reactions from the community and the projects that built on top of EigenLayer are absolutely clueless. I even spoke to one Founder and he outright called EigenLayer a shit show. What do you think about it?
The use case looks valid, not sure about the FDV of 16B - 95% users are point farmers
Tldr the narrative will play out in 2 years, right now overvalued due to airdrop farmers expectation
Token drop did not sit well with the community
DM for more discussion
Kamlesh
Stealth
4 months ago
Shitcoins shitcoining as usual, nothing new lol
Eigenlayer is a reflection of current crypto market. There aren't real value creation projects out there. But there is a lot of capital chasing results. So everyone aped into EL.
14-15B ETH has been deposited so far. Eigenlayer isn't going to give a good return for this capital. Once people realise that, EL craze is likely to go down badly. @David_ocasio @GabbarSingh send dm if you want to chat.
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