Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.
EigenLayer his been hit by criticism after it was revealed that staking rewards received by early investors are not restricted by token lock-ups.
But there appears to be a more serious issue brewing, with investors and community members complaining about a lack of transparency regarding token supply. Investors that bought in EigenLayer's $14.4 million seed round, $50 million Series A and most recent $100 million raise in February now can stake their locked tokens to yield rewards. As it stands, there are 130. Many believed these were all a part of the claimed tokens but in fact, 70 million of these tokens belong to this small group of early investors.
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