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EigenLayer – Stakedrop airdrop

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In June 2022, EigenLayer launched Stage 1 of their Mainnet, bringing new restaking and governance features to the Ethereum ecosystem. After almost two years, EigenLayer has introduced the $EIGEN token and the Stakedrop Season, distributing 15% of the initial token supply across multiple seasons. The first season has two phases, with 4.54% claimable over 120 days starting on May 10, 2024, and an additional 0.46% reserved for Phase 2 to be released soon. To support the community, 10% of the supply is set aside for future seasons. Eligible recipients include users actively participating in EigenLayer, such as LRTs holders and restakers from other compatible protocols. EigenLayer is the first restaking protocol, leveraging Ethereum’s validator network and proof-of-stake system to benefit developers and users by allowing them to earn rewards by reusing their staked ETH. The total supply of EIGEN tokens is 1,673,646,668.28466 tokens, reflecting Ethereum's dynamic token supply. Keep track of Ethereum's supply and burn stats at Ultrasound.money.

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About EigenLayer – Stakedrop

June 2022 saw the launch of EigenLayer Stage 1 Mainnet, bringing new restaking and governance features to the Ethereum ecosystem. Now, almost two years later, EigenLayer has introduced the highly anticipated $EIGEN token and Stakedrop Season, distributing 15% of the initial token supply over multiple seasons. Season 1 is divided into two phases, with 4.54% (75.91M) of the initial supply available for claiming over 120 days starting from May 10, 2024, based on a snapshot taken on March 15. An additional 0.46% (7.77M) is set aside for Phase 2, to be released in approximately one month. In order to support the community's involvement in the protocol, 10% of the supply is reserved for future seasons. Eligible recipients include users who actively participate in EigenLayer by holding LRTs or restaking other eligible liquid protocols. Take advantage of this opportunity! EigenLayer is the first restaking protocol that leverages Ethereum's vast validator network and proof-of-stake consensus mechanism to bootstrap decentralized networks, providing benefits for developers and enabling users to earn rewards by reusing their staked ETH. The total supply of EIGEN tokens at launch is 1,673,646,668.28466, aligning with Ethereum's token supply dynamics. Stay updated on Ethereum's supply and burn stats at Ultrasound.money.

Step-by-step guide

Head over to the EigenLayer restaking page, connect your wallet, and select the LST token you want to restake, then enter the amount and click deposit (Withdraw Guide). Popular liquid staking tokens (LSTs) include Lido staked ETH (stETH), Rocket Pool ETH (rETH), Wrapped Beacon ETH (wBETH) of Binance, and Coinbase wrapped staked ETH (cbETH)… Check your Airdrop eligibility for phase 1 & phase 2 to claim your free $EIGEN tokens at claims.eigenfoundation.org. If you used an LRT but do not have an allocation in Phase 1, you may be eligible in Phase 2. For more info, read the official Eigen Foundation Announcement. Approx 1% of the total allocation has been dedicated to ensuring a minimum floor of 110 $EIGEN for each restaker. Note that future seasons will not have a minimum allocation. Explore delegating to one of the Node operators running AVSs like EigenDA to secure key blockchain components such as layer 1s, bridges, coprocessors…, fueling open innovation.

Disclaimer: This content is for educational and informational purposes only and does not constitute financial advice. Conduct thorough research before making any deposit/investment decisions (DYOR).

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