DeFi
Controversial DeFi Protocol EigenLayer Opens EIGEN Token Airdrop, Here’s How to Claim It
Controversial DeFi Protocol EigenLayer Opens EIGEN Token Airdrop, Here’s How to Claim It
2024-05-10 15:22:18 ET
The release of EigenLayer was long awaited, the project was publicized for its recovery program. The DeFi protocol has opened claims for its stake, the EIGEN token, which is available to users and is currently non-transferable.
EigenLayer Opened Claims for Its Stake Drop in EIGEN Tokens
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opened claims for EIGEN token airdrop. Although these tokens remain non-transferable, users can stake them to earn rewards. EigenLayer has been controversial due to geo-blocking of users and speculators estimate the fully diluted value of EIGEN at $15 billion.
The Ethereum-based protocol first became famous through the reuse of securities borrowed from the Ether chain. EigenLayer has been touted as a new development in DeFi, which pushes the boundaries of staking and maximizes potential rewards for users.
The project has opened a window for eligible users to claim their stake in EIGEN tokens, although they are not freely tradable, they can be staked.
The most of
EigenLayer
key features are being worked on and users have collected points to deposit assets on the project platform. Market participants collected points that helped maintain their scores and determine if they are eligible for the EIGEN token airdrop.
How to claim the airdrop?
The official EigenLayer blog post states that Season 1 of the stakes drop begins Friday and that 6.05% of the initial offering is up for grabs. Phase two of Season 1 will increase it to 6.75% in mid-June and in total the project will distribute a total of 113 million EIGEN tokens.
The DeFi protocol has reserved 15% of its initial token supply for community members throughout the airdrop seasons. To claim Season 1 rewards, users must visit
claims.eigenfoundation.org
between May 10, 2024 and September 7, 2024.
Users who directly reinvested their Ether or Liquid Staking tokens on EigenLayer before March 15 will receive 100 additional bonus tokens.
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Controversial DeFi Protocol EigenLayer Opens EIGEN Token Airdrop, Here’s How to Claim It
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