Mishap Turned into Double Reward Bonanza
On Tuesday, October 1, the highly anticipated EigenLayer (EIGEN) token made its market debut amid the conclusion of airdrop distribution on Puffer Finance. The EIGEN airdrop on Puffer, however, was marked by a notable hiccup when inaccurate data from zkLink Nova caused discrepancies in the airdrop process for some users.
Puffer Tackles EigenLayer Airdrop Mishap
Puffer Finance, known for its commitment to user satisfaction, quickly addressed the issue. This resulted in a compensation plan that not only rectified the initial errors but also rewarded users with additional crypto tokens.
In a proactive response, Puffer Finance announced via its social media account on X, “Standing By Our Users: Full $EIGEN Distribution Secured. We’ve purchased some $EIGEN from the market. All Puffers will receive their full $EIGEN airdrop NOW.”
The platform ensured that all affected users would receive their full share of EigenLayer tokens by purchasing EIGEN directly from the market. Puffer Finance spent 1.869 million USDC to acquire 476,458 $EIGEN tokens specifically to compensate users affected by the airdrop error, according to EmberCN’s investigation.
Standing By Our Users: Full $EIGEN Distribution Secured.
We’ve purchased some $EIGEN from the market. All Puffers will receive their full $EIGEN airdrop NOW.
Claim here: https://t.co/ihnAvILDtnAs a thank you, additional $PUFFER rewards are coming.
Puffer is just getting… https://t.co/EME79Xnu0d
— Puffer Finance 🐡 (@puffer_finance) October 1, 2024
The mishap occurred on the preceding Sunday, when Puffer Finance disclosed the complications caused by zkLink Nova’s inaccurate data. In its announcement, the team expressed their commitment to ensure “everyone gets exactly what they’re owed, even if it means distributing more $PUFFER tokens.” The compensation plan included a 50% bonus in PUFFER tokens for the affected users.
Additionally, Puffer Finance did not limit its rewards to those directly impacted in the EigenLayer airdrop. The team indicated that all Puffer users would receive bonus rewards as a token of appreciation for their support.
This gesture highlights a rare approach in the crypto space, where many projects often wait until the token Generation Event (TGE) to address compensation. By taking immediate action and utilizing their own funds to rectify the situation, Puffer Finance not only enhanced user trust but also showcased their commitment to transparency.
EIGEN Price Action on Debut
The EigenLayer price gained significantly after launch today, however, the gains were limited owing to the broader market dip. At press time, EIGEN price traded at $3.98, surging by 7.04%. Meanwhile, the 24-hour trading volume surged $763.40 million. This surge in trading volume could be attributed to the Ethereum-based token’s listing on Coinbase and Binance.
Also, it’s important to note that Tron founder Justin Sun also acquired massive rewards from the EigenLayer airdrop. He bagged 2.03 million EIGEN tokens worth $8.95 million, stirring speculations in the market.
Also Read: Justin Sun’s $8.75M Airdrop from EigenLayer Sparks Market Buzz
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