Original author: ROUTE 2 FI

Original compilation: Luffy, Foresight News

EigenLayer opened its staking window again yesterday and will run until February 10th.

I have written about the different opportunities for EigenLayerarticle, but today Ill explore the potential value of these EigenLayer points.

The calculation formula of EigenLayer integral is as follows:

Amount of ETH x 1 x 24 = EigenLayer points per day

For example: 10 ETH x 1 x 24 = 240 EigenLayer points per day

How much is one point worth?

This is just speculation at the moment, but some people are already making predictions based on assumptions.

Assumptions:

• Earn 24 EigenLayer points for every ETH you deposit every day

• TVL is 1,670,000 ETH ($3.89 billion)

• TVL growth before airdrop snapshot: 100%

• 120 days until snapshot (June 2024)

• Airdrop percentage prediction: 7%

• FDV forecast: 15 billion

• Starting capital: 10 ETH

As you can see, there are a lot of assumptions. The hardest part is determining if they will use a points tier system and what the FDV will be. Celestias current FDV is $18 billion, and with all the hype around EigenLayer, Im pretty sure its FDV is around $15 billion, maybe even $20 billion.

Based on current assumptions, each EigenLayer point is worth $0.12. Ive talked to a few people and estimated it to be around $0.05 - $0.20 per point. On Whales Market, people are trading points for $0.15. I expect the number to be lower. You can do it yourself hereCheck。

You can try Thor Hartvigsens EigenLayerAirdrop Calculator。

All in all, if you stake within the next 120 days, you will earn approximately $400 per ETH. This number could be lower, maybe even $200, but it could also be much higher, and a gain of $1,000 per ETH is not completely unrealistic. While the scope is wide, it should be one of the most interesting airdrops of the year. Is it worth investing your ETH into smart contracts? I cant give you the answer, but if you dont like locking up your capital, you should look for opportunities to buy points on the Whales Market, but you may end up paying a high price for your points.

One of the red flags that started to flash for me was that LST/LRT’s narrative was starting to feel a little too simplistic.

For example, buy mETH and earn 7.2% APY. Then deposit into EigenLayer to receive EigenLayer points, re-staking rewards, and ETH appreciation (if the price of ETH increases).

I dont know, but when everyone wins...whats the problem?

Suddenly, I have a feeling that we are back to the pleasure state when Anchor Protocol appeared.

I hope Im wrong, but its worth talking about.

I mentioned this in the last issue, but Im just going to reiterate the LRT/LST project Im currently playing with. They all have advantages and disadvantages, depending on how you look at them.

If you are an airdrop hunter:

Swell、EtherFi、Kelp、Puffer、EigenPie、Renzo

If you want the highest yield:

Mantle ETH (mETH)=7.2% of ETH + EigenLayer Points

If you want to be safe:

I put safety in quotes. Because nothing in cryptocurrencies should be declared safe, even stETH experienced a severe decoupling in the summer of 2022.

However, the safest of them all (based on how long they have been around) are Lido, RocketPool, Binance Staked ETH.

I think Puffer has solid support, and I have a feeling this may be considered one of the safer options over time.

What am I participating in:

I am participating in all the airdrop events and mETH. Personally, I like comparisons too, and mETH with its 7.2% APY is pretty good.

If you are a long ETH person, you can buy 10 wstETH, deposit it into AAVE, and then borrow. For example, borrow 50% ETH (5 ETH), then buy swETH, mETH, ETHx and follow the advice above to get airdrops + EigenLayer points.

Also, keep in mind that multiple LRT tokens are about to be launched: Genesis and Inception are two of them. In addition, Pendle also has some degen strategies where you can earn returns up to 30%.

Never bet more than you can afford in EigenLayer, and good luck!