Research Summary
The report discusses the potential earnings from the EigenLayer narrative, a crypto platform. It explores the value of EigenLayer points, the potential worth of these points, and the risks and rewards associated with investing in them. The report also mentions the upcoming launch of ZKX, an omnichain perpetual exchange.
Key Takeaways
EigenLayer Points and Their Potential Worth
- Value of EigenLayer Points: The report states that EigenLayer points are being sold for $0.10-0.15 per point on the Whales Market. The potential worth of these points is speculative, with estimates ranging from $0.05 to $0.20 per token.
- Calculation of EigenLayer Points: The report provides a formula for calculating EigenLayer points: Number of ETH x 1 x 24 = EigenLayer points per day. For example, 10 ETH would yield 240 EigenLayer points per day.
Assumptions and Predictions
- Assumptions for Calculations: The report makes several assumptions for its calculations, including a 100% growth of TVL until the airdrop snapshot, a 7% airdrop prediction, and a 15bn FDV prediction.
- Predicted Earnings: Based on these assumptions, the report suggests that an investor could earn roughly $400 per ETH staked for the next 120 days. However, this figure could be as low as $200 or as high as $1,000 per ETH.
ZKX Omnichain Perpetual Exchange
- Launch of ZKX: The report mentions the upcoming launch of ZKX, an omnichain perpetual exchange set to launch in Q1 2024. The exchange aims to address challenges in DeFi and provide fair access to decentralized products.
- ZKX Account: ZKX Account is described as an all-in-one DeFi Hub, offering seamless onboarding and control over funds at all times. Creating a ZKX Account offers early access to platform features and turns the ZKX journey into a gamified experience.
Risks and Cautions
- Risks of Investing in EigenLayer: The report cautions that investing in EigenLayer carries risks, as the platform is still on testnet. It advises investors not to bet more on EigenLayer than they are comfortable losing.
- Concerns About the LST/LRT Narrative: The report expresses concerns that the LST/LRT narrative may be too easy, drawing parallels with the “easiness” felt when Anchor Protocol was around. It suggests that when everyone is winning, there may be a catch.
Actionable Insights
- Consider the Risks and Rewards: Investors should carefully consider the risks and potential rewards of investing in EigenLayer points, taking into account the speculative nature of their worth.
- Explore ZKX: With its upcoming launch, ZKX may present opportunities for investors interested in DeFi. Its ZKX Account offers early access to platform features and a gamified experience.
- Stay Alert to Market Dynamics: The report’s concerns about the LST/LRT narrative highlight the importance of staying alert to market dynamics and not taking apparent “easiness” at face value.
