24h Change-3.65%
All Time HighDec 17, 2024$5.65
All Time LowApr 5, 2026$0.15
Market Cap$120.88m
Fully Diluted Valuation$298.07m
Circ. Supply741.23m EIGEN
Outstanding FDV$205.61m
CEX Volume$19.63m
DEX Volume$9.77m
Uniswap V3 · Ethereum$32.06m
Aerodrome Slipstream · Base$257,521
Aerodrome V1 · Base$65,960
Series A · Mar 28, 2023$50m
Private · Feb 22, 2024$100m
Jun 17, 2025$70m
| Q2 2026* | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | |
|---|---|---|---|---|---|---|---|---|
Gross Protocol Revenue | $1.89M | $8.74M | $16.21M | $21.71M | $16.68M | $31.93M | $63.27M | $801 |
| Staking Rewards | $1.89M | $2.95M | ||||||
Cost of Revenue | $1.89M | $8.74M | $16.21M | $21.71M | $16.68M | $31.93M | $63.27M | $801 |
| Staking Rewards | $1.89M | $2.95M | ||||||
Gross Profit | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Incentives | $1.83M | $8.70M | $16.43M | $22.30M | $16.50M | $32.40M | $62.69M | $0 |
| Programmatic Incentives | $1.83M | $8.70M | $16.43M | $22.30M | $16.50M | $32.40M | $62.69M | |
Earnings | -$1.83M | -$8.70M | -$16.43M | -$22.30M | -$16.50M | -$32.40M | -$62.69M | $0 |
Token Holder Net Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
How much debt can be issued against EIGEN as collateral across lending protocols.
Maximum possible exposure to EIGEN
$4,701
$3,173 (max additional borrows against EIGEN) + $1,528 (bad debt if EIGEN was hacked now)
Morpho V1
$4,701 at-risk exposure = $1,528 bad debt if hacked + $3,173 additional borrowable against EIGEN
Showing collateral exposure for EIGEN on Ethereum. Max Borrowable uses the backend's liquidity-bounded borrow-capacity metric (`collateralMaxBorrowUsdLiquidity`) for the maximum additional USD debt that can be issued against the asset right now. Bad Debt at $0 is the minimum known bad debt if the collateral asset price goes to zero; null rows are excluded from this total rather than treated as zero, so totals may remain lower bounds.
Each row is one protocol-chain exposure for EIGEN as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.
Protocol | Chain | |||
|---|---|---|---|---|
EIGEN0xec53bf9167f50cdeb3ae105f56099aaab9061f83 | $3,173 | $1,528 |
Risk-management actions published about EIGEN by tracked risk managers and governance contributors, newest first.
EIGEN is being onboarded as collateral for borrowing USDC, providing liquidity options for holders without selling or bridging. Kabu USDC supports this high-quality asset lacking traditional lending venues using Api3’s OEV oracle for volatile conditions and Morpho’s partial liquidation to manage risk gracefully.
Community effort to add EIGEN as collateral in the USDC market on Mainnet, allowing EigenLayer restaked ETH to back positions in Compound V3.
EigenLayer is a fast-growing asset on deployed chains; the team will analyze it for intentional listing with a Compound growth strategy, including liquidity deals and structured products to align with demand.
Eigenlayer enables Ethereum stakers to restake their assets for shared security across multiple protocols, with EIGEN serving as its governance and utility token for staking and operations. Onboarding EIGEN to Aave allows users to supply it as collateral to unlock liquidity or borrow it against other assets to participate in Eigenlayer staking and earn rewards, thereby expanding its integration and liquidity within the DeFi ecosystem.
EigenLayer's stakedrop program risks include U.S./Canada exclusions sparking over 12,000 withdrawals, sybil manipulation via multiple accounts, one-year lockups for core contributors and investors with gradual vesting, post-airdrop dumping by recipients causing price volatility, and regulatory scrutiny as potential securities with geoblocking and tax liabilities for claimants.
EIGEN is the native ERC-20 token of EigenLayer, a restaking protocol on Ethereum that enables users to restake assets for securing AVSs (Actively Validated Services)
EigenLayer Improvement Proposals (ELIPs) are the primary mechanisms for proposing new features and upgrades to the EigenLayer core contracts. These include upgrades & modifications to contracts, modifications to multisig goverance structure, and modifying minting rights of bEIGEN token. Eigen Foundation and Eigen Labs are the only entities that can accept proposals for improvements to the EigenLayer core contracts, however anyone can suggest improvements and start discussions on the forum.
Currently, the ability and responsibility to make decisions regarding contract upgrades, changing parameters, and pausing functionality are entrusted to three main governance multisigs and the Protocol Council. The Protocol Council is the decision-making body responsible for overseeing core protocol upgrades
With the implementation of ELIP-12, the Protocol Council and Incentives Committee set emissions policy as well as change & direct fee structure.
The Incentive Committee will have the ability to direct accumulated fees in the fee contract towards buybacks
Upon passing of ELIP-12, the primary goal is to make every unit of EigenCloud usage and a fraction of AVS rewards will accrue value directly to the token. The Incentive Committee will also have the ability to direct accumulated fees in the fee contract towards buybacks that reduce circulating supply and create new deflationary pressure on EIGEN as the ecosystem scales
ELIP-12 proposes a new Incentives Committee that will direct EIGEN token emissions and establish mechanisms to use fees to benefit EIGEN holders
No dividend or revenue distribution is currently active
No burn mechanism is currently active
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Showing 10 of 66 pools
Pool | Project | Chain | 30d APY Chart | ||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabWETH-EIGEN0.3% | $2.42m | 0.87% | 0.87% | 10.82% | |||||
| open in new tabUSDC-EIGEN1% | $992,261 | 5.94% | 5.94% | 27.86% | |||||
| open in new tabEIGEN-WETH | $173,974 | 1.99% | 1.99% | 3.37% | |||||
| open in new tabWETH-EIGEN | $124,015 | 0% | 0% | 0% | |||||
| open in new tabWETH-EIGEN | $106,361 | 0% | 0% | 0% | |||||
| open in new tabWETH-EIGEN | $99,877 | 0% | 0% | 0% | |||||
| open in new tabWETH-EIGEN | $97,452 | 0% | 0% | 0% | |||||
| open in new tabWETH-EIGEN | $97,152 | 0% | 0% | 0% | |||||
| open in new tabUSDC-EIGEN1.00% | $70,536 | 428% | 428% | 670% | |||||
| open in new tabWETH-EIGEN | $56,533 | 0% | 0% | 0% |
