Sam is CoinDesk's deputy managing editor for tech and protocols. He reports on decentralized technology, infrastructure and governance. He owns ETH and BTC.
EigenLayer's EIGEN token is trading around $9 in side markets like Aevo where traders can bet on the eventual price.
EigenLayer has finally kicked off its long-awaited EIGEN airdrop, but it will be a while before users can trade their new tokens – since the project has made them non-transferable. "You can probably view it as what people expect the spot price will trade at when it is transferable," Julian Koh, CEO of Aevo, explained in a Telegram message."People use it as a reference price like how people use prediction market odds as a reference for the actual event.
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