Now that EigenLayer has launched its mainnet, it's in a position to pass on that extra yield to depositors that it had promised before.
We talked a few weeks ago about how the reaction to EigenLayer’s EIGEN airdrop saw the amount of queued withdrawers on the platform shoot up.
It is possible some users who had only deposited into EigenLayer to farm the airdrop were also content to exit the platform in the wake of the snapshot being taken, not only users being mad about the initial EIGEN reveal. But beyond just withdrawers, we can now more clearly see the capital flight facing EigenLayer. The number of depositors to EigenLayer shot up in mid-April after they launched their mainnet and unpaused deposits for liquid staking tokens, so the uptick in withdrawals did not necessarily have to be a cause for many issues for the restaking platform.
While net negative days have become more common after the EIGEN launch, net positive days still happen, with the platform bringing in $57 million on May 15. It also looks like the initial surge in withdrawers has been calming down, although the daily level still tends to be higher compared to before the token was revealed.
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