EigenLayer added that it’ll quickly announce airdrop allocations for its second factors season.
EigenLayer, the pioneering Ethereum restaking protocol, has launched the second part of claims for its airdrop.
Introduced on June 19, customers who interacted with liquid restaking token (LRT) protocols together with Kelp, Pendle, and Equilibrium previous to March 15 can declare tokens till September 7. EigenLayer famous that person token allocations had been decided by LRT protocols.
“The Eigen Foundation reserved allocations for each LRT protocol based on interactions with EigenLayer,” the undertaking tweeted. “Specific allocations were determined by each LRT with respect to its end users.”
EigenLayer added that it analyzed customers for attainable sybil assaults earlier than finalizing its part 2 allocations. Claims additionally stay dwell for Part 1 of EIGEN’s stakedrop.
EigenLayer is the second largest DeFi protocol by complete worth locked (TVL) with $19 billion. The protocol permits customers to earn further yields on high of Ethereum staking rewards by delegating staked belongings to concurrently safe third-party actively validated providers (AVSs) whereas persevering with to validate Ethereum.
EigenLayer introduced it might launch claims for its long-awaited airdrop in Could, with one-third of the 15% of Eigen’s provide earmarked for Season 1 factors holders. Nonetheless, many neighborhood members pushed again towards the phrases of the airdrop, decrying the token’s lack of transferability, use of geo-blocking and VPN restrictions, and argued that smaller customers’ allocations had been inadequate
The undertaking capitulated, allocating an extra 100 EIGEN for every of the greater than 280,000 wallets eligible for the drop, that means Season 1 will distribute 6.7% of the token’s provide to early adopters.
Claims went dwell on Could 11, permitting tokenholders to stake and delegate their EIGEN. EigenLayer hinted that the tokens will unlock someday round September.
The undertaking describes EIGEN as a “universal intersubjective work token” that helps AVSs by incentivizing sincere habits and penalizing malicious actions by way of “intersubjective forking.”
EigenLayer famous that Season 2 of its factors marketing campaign is presently dwell, including that it’ll reveal Season 2 token distribution particulars “in the coming weeks.”
Photographs fired in restaking wars
EigenLayer loved a monopolistic place of dominance over the restaking sector till lately.
On June 11, Symbiotic, a rival Ethereum restaking protocol, launched operations. The protocol shortly discovered assist from Mellow, and LRT supplier, and Lido, the main liquid staking and DeFi protocol by TVL.
The launch of Symbiotic and Mellow got here roughly one month after Lido had introduced plans for the “Lido Alliance,” a collaborative cooperative designed to foster a restaking ecosystem round its liquid staking token, stETH. Lido introduced Mellow as an alliance member at some point after its launch, with Symbiotic tagging its preliminary TVL ceiling of $245 million two days after going dwell.
On June 17, Ethena, the undertaking behind the booming yield-bearing stablecoin, USDe, additionally introduced plans to domesticate a local restaking ecosystem leveraging Symbiotic from June 26. Half of airdropped ENA tokens should be used for Symbiotic restaking, ENA staking, or deposited to Pendle shifting ahead.
