Eigen Labs Cut 25% Staff Make Dem Quick Launch EigenCloud
Eigen Labs don cut 25% of their workforce—about 30 marketing and sales positions—to focus on EigenCloud, their new verifiable cloud platform for institutional clients. The developer wey dey behind the Ethereum restaking protocol EigenLayer go keep core engineering teams to push forward the integrated EigenData, EigenCompute and EigenVerify modules. CEO Sreeram Kannan talk say dem go support the affected staff well, including three months’ base pay, accelerated vesting, healthcare and career services. This waya follow one $70 million EIGEN token investment from a16z’s crypto arm, wey build on top previous $100 million seed round, and e come amid wider crypto sector job cuts. Traders suppose watch EIGEN token liquidity, Ether restaking yields, and EigenCloud adoption metrics, as these signals fit change on-chain restaking economics and future cloud service fees.
Neutral
For short term, di 25% cut for workers no go too make EIGEN token waka anyhow, because di main engineering work still dey run waka and di support dem they get na im dey help workers dem. For long term, di investors go dey watch if EigenCloud adoption and correct restaking yields go bring more demand for EIGEN and better liquidity. Di new strategy fit later improve staking fee system and partnership with big institutions, but until dem show correct figures, market siddon balance.