EigenLayer Airdrop Rules Announced

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1 year ago

The airdrop rules for EigenLayer have been announced, and many people don't know how to check their eligibility for the airdrop. Here is the address for batch eligibility checking:

https://mct.xyz/whitelist/70

You can ignore the pop-up plugin download dialog box. The rules are listed below, and it's a bit disappointing. The snapshot time of 3.15 is really frustrating. Also, the allocation of shares to LRT is pitifully small, and most of mine are re-staked in LRT, which is really frustrating…

When EigenLayer tokens were released, the total supply was 1.67 billion tokens, with 45% of the tokens allocated to its community.

This is further subdivided into staking airdrop (15%), community plan (15%), and ecosystem development (15%).

In addition, 29.5% of the tokens have been allocated to investors, while early contributors will receive 25.5%. The total lock-up period for investors and early contributors is three years. The first year involves complete lock-up, followed by a gradual release of their total holdings at a rate of 4% per month over the next two years.

EigenLayer refers to the community airdrop as "staking airdrop" because users can stake Eigen tokens to secure EigenDA and future AVSs, and distribute 15% of the token supply to users participating in the platform. These tokens will be distributed over multiple seasons.

In the first season, the foundation will distribute 5% of the token supply to users based on the staking activity snapshot taken on March 15, 2024.

In this first season's distribution, 90% of the tokens will be distributed to eligible restakers on May 10, with a 120-day claim window. The remaining 10% will be distributed in the second phase of the first season, one month later.

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