The EigenLayer Token Airdrop plan will allocate 15% of the supply to stakers

Ethereum restaking protocol EigenLayer has published a white paper with new details on its soon-to-be-launched Eigen token, which will be released to community members next month.

According to the Eigen Foundation website, Season 1 of the airdrop will distribute 5% of the token supply. Eligible recipients of airdrops include those who directly staked with EigenLayer and those who staked using Liquid Staking Tokens (LST). Meanwhile, people who interacted with EigenLayer-related DeFi positions may be eligible for airdrops in Season 2.
A total of 15% of the EigenLayer token supply will go to long-term stakers. Another 15% will go to community initiatives and another 15% to ecosystem development. This leaves 29.5% of the token supply allocated to investors, while 25.5% goes to early contributors. Both parties are subject to a three-year lock-up period for their tokens, including a full lock-up in the first year, followed by a gradual unlocking of 4% per month over the next two years. EigenLayer allows users to re-stake their Ether via LST in order to provide financial security to third-party Layer 2 networks. SPECIAL OFFER (Sponsored) LIMITED OFFER 2024 for CryptoPotato readers on Bybit – Use this link to register and open a $500 BTC-USDT position on Bybit Exchange for free!