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Crypto’s $15 Billion EigenLayer Project Snubs US, China in Divisive Token Launch
The EigenLayer crypto project is set to hand out a new token that’s become the most hyped digital-asset launch of the year, as well as one of the most controversial because of exclusions imposed on users in the US, China and elsewhere. The decentralized finance — or DeFi — protocol has lured $14 billion in assets since January after a soft launch in 2023, data from DeFiLlama show. EigenLayer offers so-called restaking, which touts amplified returns built on top of the process of depositing Ether coins to help operate the Ethereum blockchain. Seattle-based Eigen Labs raised about $165 million from backers ... (full story)