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EigenLayer Stakers to Receive 15% of Token Supply

Apr 29, 2024

EigenLayer announced a plan to distribute free tokens to users in two phases and implement a new staking security system. The native token, EIGEN, will have a total supply of 1.67 billion, with 45% of it allocated for distribution under the management of the Eigen Foundation.

EigenLayer Distribution Plan

The stakedrops category will allocate 15% of the total supply to reward stakers who lock up Ethereum on EigenLayer's protocol. Users have invested over $15.7 billion in ETH on the restaking platform since its launch. The airdrop distribution will occur in two batches, with season one distributing 5% of the total 15% stakedrop allocation based on various factors, and season two following a month after to distribute the remaining 10%.

Furthermore, EigenLayer will provide a 120-day window for season one claimants, and the EIGEN token will initially be non-transferable to encourage community involvement in governance. Eligible users can stake to secure EigenDA, a data availability solution that complements the restaking protocol.

Other user categories in the distribution plan involve allocations for community initiatives and ecosystem developments. Early contributors and investors will receive 25.5% and 29.5%, respectively, of EIGEN's total supply, subject to a three-year vesting schedule with a gradual unlocking mechanism.

Introducing Inter-Subjective Forking

EigenLayer will introduce inter-subjective forking to enhance ETH restaking by addressing patterns that may evade immediate on-chain detection. This concept aims to improve security and simplify activities for validators dealing with restaking transactions.

EigenLayer
Inter-subjective forking scope | Source: EIGEN whitepaper

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