EigenLayer(EIGEN) Startup Mining Initial Offering on Gate.io

About Gate.io Startup Mining Program

Startup Mining is a platform where users can stake their assets or provide liquidity to earn rewards in new project tokens. Users can lock specified tokens in the Startup Mining pool to receive corresponding project token rewards.

1.Introduction to "Startup Mining" Project Eigenlayer(EIGEN)

EigenLayer is a protocol built on Ethereum that introduces restaking, a new primitive in cryptoeconomic security. This primitive enables the reuse of ETH on the consensus layer. Users that stake ETH natively or with a liquid staking token (LST) can opt-in to EigenLayer smart contracts to restake their ETH or LST and extend cryptoeconomic security to additional applications on the network to earn additional rewards.

Website: https://www.eigenlayer.xyz/

2.Eigenlayer(EIGEN) Mining Rules

(1) Startup Mining Duration: 11:00 AM on October 1st - 11:00 AM on October 8th (UTC), 2024

(2) Staking Pool: EIGEN

-Total Staking Rewards: 1.500.0 EIGEN

-Prize Pool Per Hour: 8.92 EIGEN

-Hourly Reward Cap Per User: 0.63 EIGEN

-Minimum Staking Amount: 0.1 EIGEN

-Unlocking Rule: 100% Unlock

3.Participation Rules

(1) Users can stake EIGEN to earn EIGEN.

(2) The system will take multiple snapshots of personal staking amounts hourly, and token rewards are distributed to eligible users. Hourly earnings will be distributed into users' spot accounts.

(3) Hourly staking reward = (Individual latest 1-hour valid staking amount / Total pool staking amount) × Hourly reward pool

(4) Users can increase or redeem the staked assets at any time during the staking period.

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