As an experienced analyst, I find the details of EigenLayer’s upcoming Eigen token distribution mechanism intriguing. Having closely followed the DeFi and Ethereum staking space for some time, I can appreciate the thoughtfulness behind this design.
As an analyst, I’ve come across the latest update from EigenLayer regarding their Ethereum restaking protocol. In their recently released whitepaper, they’ve provided fresh insights into the upcoming Eigen token. This token is scheduled for launch next month and will be distributed as an airdrop to the community.
- According to the Eigen Foundation’s website, season 1 of the airdrop will distribute 5% of the token supply. Eligible airdrop recipients include those who staked directly with EigenLayer, and those who staked using Liquid Staking Tokens (LSTs).
- 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 out to stakers over the long term. Another 15% will go to community initiatives and another 15% to ecosystem development. - That leaves 29.5% of the token supply allocated to investors, while 25.5% goes out to early contributors. Both of these parties are subject to a three-year lockup period on their tokens, including a total first-year lock, followed by a gradual unlock of 4% per month over the next two years.
- EigenLayer lets users re-stake their Ether using LSTs in order to provide economic security for third-party layer 2 networks.
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2024-04-29 21:10