EigenLayer opens airdrop claims till Sept. 7

Users
can
now
claim
EigenLayer’s
native
token,
but
the
team
previously
said
EIGEN
will
remain
non-transferable.

The
120-day
period
to
claim
EIGEN
opened
on
May
10
and
will
run
until
September
for
EigenLayer’s
phase
one
“stakedrop.”

Participants
can
secure
6.05%
of
the
token’s
1.67
billion
supply
during
the
distribution,
while
a
phase
two
allocation
will
increase
available
tokens
by
0.7%.

EigenLayer
plans
to
share
113
billion
EIGEN
tokens
to
eligible
users
who
deposited
Ether
(ETH)
on
the
staking
platform
for
months.
According
to
the
Eigen
Foundation,
the
allocation
will
be
disbursed
over
multiple
seasons,
and
users
will
receive
15%
of
EIGEN’s
total
supply. 

However,
the
roadmap

stirred
discontent
within
the
crypto
community,
as
claimants
cannot
send
EIGEN
across
wallets,
and
certain
regions
were
geo-blocked
from
the
airdrop. 

Users
in
the
U.S.,
Canada,
and
areas
in
Africa
and
Asia
cannot
access
the
claims
website.
Typically,
a
VPN
would
circumvent
this
ban,
but
VPN
users
were
also
blocked,
drawing
further
scrutiny
to
the
EigenLayer
protocol. 

The
contentious
EigenLayer
airdrop
is
one
of
several
token
distributions
rocking
the
crypto
community
in
the
second
quarter
of
2024.

LayerZero
also
received
backlash
for
its
anti-Sybil
systems
and
“report-to-earn”
initiative. 

Elsewhere,
experts
are
skeptical
about
the
EIGEN
token’s
promise
and
how
the
restaking
giant
has
contributed
to
Ethereum’s
ecosystem.
Galaxy
researcher

Christine
Kim
said
on
X
that
the
protocol’s
whitepaper
left
a
lot
to
be
desired
and
also
questioned
problems
identified
by
the
team.