EigenLayer stakers to receive 15% of token supply

Ethereum
restaking
protocol
EigenLayer
revealed
its
plan
to
airdrop
free
tokens
to
users
in
two
phases
and
introduce
a
new
staking
security
system. 

The
native
token,
dubbed
EIGEN,
will
debut
with
a
total
supply
of
1.67
billion,
and
the
Eigen
Foundation
will
manage
the
rollout
scheduled
for
next
month.
According
to
an
April
29

blog
post
from
Eigen
Labs,
45%
of
this
supply
is
designated
for
distribution. 

EigenLayer
distribution
plan

The
first
category,
labeled
stakedrops,
carries
a
15%
allocation
and
will
reward
stakers
for
locking
up
Ethereum
(ETH)
on
EigenLayer’s
protocol.
Per

DefiLlama,
users
have
stashed
over
$15.7
billion
in
the
ETH
restaking
platform
since
its
launch
last
June. 

Furthermore,
the
airdrop
distribution
will
happen
in
two
batches.
The
first
batch,
or
season
one,
will
share
5%
of
the
total
15%
stakedrop
allocation
based
on
a
linear
calculation
factoring
in
the
amount
staked,
time
staked,
and
native
restaking,
to
name
a
few. 

A

snapshot
for
season
one
was
taken
on
March
15,
and
eligible
users
can
claim
90%
of
the
airdrop
by
May
10.
Season
two
will
begin
a
month
later,
allowing
stakers
to
collect
the
remaining
10%
of
the
total
15%
stakedrop
allocation.

Additionally,

EigenLayer
will
allow
a
120-day
window
for
season
one
claimants.
The
EIGEN
token
will
be
non-transferable
at
launch
to
promote
community
participation
in
governance.
Still,
eligible
users
can
stake
a
share
to
secure

EigenDA,
a
data
availability
solution
released
as
a
complementary
layer
to
the
restaking
protocol.

The
two
other
user
categories
in
the
platform’s
distribution
plan
included
15%
allocations
earmarked
for
community
initiatives
and
ecosystem
developments,
respectively. 

Early
contributors
will
receive
25.5%
of
EIGEN’s
total
supply,
while
investors
have
rights
to
29.5%.
Both
parties
will
have
a
three-year
vesting
schedule,
and
4%
of
the
holdings
will
unlock
monthly
over
the
last
two
years. 

Introducing
inter-subjective
forking

EigenLayer
is
also
set
to
introduce
inter-subjective
forking
to
tackle
patterns
that
may
escape
instant
on-chain
detection.
The
crypto-economic
security
concept
will
bolster
ETH
restaking
and
address
subjective
faults
to
simplify
activity
for
validators
dealing
with
restaking
transactions.