With Eigen stakedrop season 2 well underway and many LRT protocols amid farming seasons, I wanted to give an overview of the top farms!
The cool idea behind LRT farming is that the risk and reward of holding onto naked ETH makes some farms very appealing!
Before I go into the deep dive, I highly recommend delegating if you received any $EIGEN from season 1.
While not many discuss this, the Eigenlayer Foundation’s documentation explicitly states that delegated $EIGEN will be considered for future stakedrop allocations.
I personally delegated to EigenYields because they may have a token in the future (more points!).
Eigen Stakedrop SZN 2
Eigenlayer season 2 officially began on March 15th and has been indefinitely running. With the foundation confirming the intention of enabling transferability by September 30th, speculation has been running rampant that we could see season 2 end around then.
I built a calculator to estimate the value of a single EIGEN point, assuming a September 30th end date and $20B FDV.
While a restaking APR of 9.28% isn’t super crazy (this is crypt