Tuesday, July 2, 2024

EigenLayer Will increase Minimal Airdrop Allocation

Greater than 280,000 customers of the restaking protocol will obtain a further 100 EIGEN tokens.

Ethereum restaking protocol EigenLayer has up to date its EIGEN airdrop allocations in response to extreme group backlash.

All eligible customers will obtain a further 100 EIGEN tokens, supplied that they interacted with EigenLayer earlier than April 29.

“We heard from many customers worldwide who needed to pay excessive fuel prices to take part within the protocol. We need to make sure that customers, small and huge, have equal entry,” the Eigen Basis mentioned in a weblog put up.

The mission has additionally outlined its timeline for unlocking EIGEN tokens, connecting this milestone to its purpose of attaining mainnet launch by Sept. 30, at which level the group will be capable of vote on enabling transferability.

Moreover, the Basis clarified that the 12-month lockup interval for the group and traders will begin solely after the EIGEN token turns into transferable.

EigenLayer is DeFi’s third-largest protocol, with $15 billion in whole worth locked (TVL), in response to DeFiLlama. It permits customers to re-stake their Ether or liquid staking tokens (LSTs) to earn further yield by securing third-party functions known as Actively Validated Companies (AVS).

The replace additionally addressed an oversight the place sure testnet customers weren’t allotted tokens. This might be corrected in Section 2 of Season 1, with extra data to be shared within the close to future.

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