Eigen Foundation Announces Season 2 Stakedrop: Detailed Breakdown of 86 Million EIGEN Token Distribution Plan
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Eigen Foundation Announces Season 2 Stakedrop: Detailed Breakdown of 86 Million EIGEN Token Distribution Plan
As new incentives are introduced, the rewards offered by EIGEN will continue to grow.
Navigating Web3 tides with focused insightsAuthor: Eigen Foundation
Translation: TechFlow
Eigen Foundation announces the Season 2 EIGEN Stakedrop! With the upcoming unlock of the EIGEN token, this stakedrop aims to recognize and reward outstanding contributors and participants who have supported us.
In this season, EIGEN tokens will be distributed across three main categories:
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Stakers & Operators: Users actively participating in staking during Season 2
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Ecology Partners: Including AVSs, LRTs, Rollups, RaaS providers, and other key contributors
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Community Members: Early supporters, contributors, and projects that played a critical role in supporting EigenLayer
Important Information for LRT Users: The amount of rewards allocated to LRT protocols is identical to that of all participants who support EigenLayer through staking and other means. LRTs will directly receive their respective stakedrop allocations, and each LRT protocol will decide independently how to distribute the received EIGENs to its community. Please contact your LRT protocol for the latest claiming information.
Allocation Details
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Stakers & Operators
Total EIGEN allocated to stakers and operators in Season 2: Approximately 70 million EIGEN (about 4.2% of FDV).
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Eligibility: Participants actively involved in staking and node operation during Season 2.
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Claim Start Date: On or before September 17, 2024.
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Details: Direct stakers can claim their tokens via our claim portal at claims.eigenfoundation.org. LRT users will receive rewards through their respective LRT projects.
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Snapshots Date: August 15, 2024, 22:26:59 UTC
The stakedrop allocation is calculated based on stakers’ ETH-hours proportion and is fully linear. To prevent Sybil attacks, no floor has been set, as previously mentioned in our blog post.
To assist you, contributors have created a website to help calculate retroactive restaking rewards: s2calculator.eigenfoundation.org
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Ecology Partners
Total EIGEN allocated to ecology partners in Season 2: Up to 10 million EIGEN (approximately 0.6% of FDV).
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Eligibility: Includes AVSs, LRTs, Rollups, RaaS, and other participants who made significant contributions to the EigenLayer ecosystem.
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Claim Start Date: On or before September 17, 2024.
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Details: Eligible partners can claim their tokens via the claim portal at claims.eigenfoundation.org.
To honor the contributions of ecosystem partners, eligible participants in this category will receive equal rewards. Each partner is considered equally important, and their efforts are crucial to our mission. This stakedrop recognizes their collective impact and commitment to building a stronger ecosystem. To promote an open culture, ecosystem partners will be publicly disclosed.
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Community
Total EIGEN allocated to the community in Season 2: Approximately 6 million EIGEN (about 0.35% of FDV).
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Eligibility: Open-source contributors, early advocates, and supporters since the founding of EigenLayer.
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Claim Start Date: On or before September 17, 2024.
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Details: Your contribution determines your eligibility. Before claiming, visit the social verification link at verify.eigenfoundation.org to verify your social identity. Social verification ensures only genuine participants can claim EIGEN, guaranteeing fair distribution to those who actively supported us.
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Snapshots Date: April 1, 2024, or August 15, 2024 (depending on the specific category).
Community Action: By 11:59 PM Pacific Time on September 11, 2024, please link your wallet address to your social account via verify.eigenfoundation.org before claiming. Due to potential rate limits from Twitter, if you cannot verify immediately, please be patient.
We are thrilled to reward those who have made significant contributions to supporting EigenLayer from the beginning. Whether you participated in hackathons, wrote blogs, engaged actively on Twitter and Discord, or pushed forward today's open innovation as an open-source developer, your efforts are vital to our growth.
In addition, we will allocate EIGEN tokens to Protocol Guild to support their important work in Ethereum L1 and ecosystem development. More details will be announced soon.
These rewards reflect our commitment to building a strong, innovative, and continuously evolving EigenLayer community.
Note: The remaining approximately 3% of the total token supply, out of the 15%, will be allocated to the community through future initiatives.
How EIGEN Supports EigenLayer’s Mission
EigenLayer lays the foundation for an open and verifiable internet by enhancing Ethereum’s decentralized trust, improving capital efficiency, and strengthening cryptoeconomic security.
The EIGEN token plays a pivotal role in this mission, enabling off-chain credible commitments to be enforced on-chain and extending these commitments across all blockchains and crypto projects. Supported by a diverse group of stakers, operators, and ecosystem partners, EIGEN accelerates the launch and growth of open innovation.
EigenLayer, alongside Ethereum and other core crypto protocols, believes that through collective community effort, we can create a more prosperous future.
“I believe Web3 and crypto are about building self-executing coordination mechanisms—mechanisms that execute without relying on authorities, committees, or majority decisions. Because they are self-executing, you can make credible commitments. We know it's a long journey, but we have a clear goal: Our vision is to build humanity's coordination engine, and we're excited you’re walking this path with us.” — @sreeramkannan
By using EIGEN, you become an essential part of this vision, supporting consensus among honest observers to maintain the integrity of these services.
Why Participate in EIGEN?
Staking EIGEN places you at the forefront of protecting innovative services, securing even the most complex on-chain activities through mechanisms like subjective fork choice.
With new incentives rolling out, rewards from EIGEN will continue to grow, delivering sustainable long-term returns for active participants.
Holding EIGEN not only gives you a voice and stake in shaping the future of EigenLayer and its Active Validation Services (AVS), but also increases your influence within the ecosystem as more protocols and applications join.
By participating in EIGEN, you join an active network of stakers, operators, and ecosystem partners driving the future of open innovation and decentralized services.
To learn more, check out our blog post on EIGEN’s design and benefits. For deeper insights, read the full EIGEN Whitepaper.
Looking Ahead: Programmatic Incentives and Future Rewards
EigenLayer will launch a programmatic incentive program to activate AVS reward mechanisms, delivering sustainable long-term value to stakers and operators. The first version will distribute EIGEN tokens weekly, allocating newly minted EIGEN based on the amount of ETH/LST/EIGEN staked by stakers delegated to at least one AVS-registered operator. Operators will receive a fixed 10% of the EIGEN distributed to their delegated stakers. Once launched, rewards will accumulate weekly and be available for withdrawal at any time, with unclaimed rewards continuing to accrue. To ensure continuity, a one-time reward will be provided for users who staked between August 15 (Season 2 snapshot date) and the program launch.
Upcoming updates will introduce AVS “reward boosting,” where protocol-generated EIGEN tokens will be proportionally allocated to native rewards for each AVS. Future versions will include more advanced control mechanisms to adapt to ecosystem changes.
A detailed blog post on the first version of this programmatic incentive program will be released soon.
Quick Recap
Claims for Season 2 will open to all groups on or before September 17, 2024.
Community members: Please visit verify.eigenfoundation.org to verify your social identity by 11:59 PM Pacific Time on September 11, 2024, to complete verification before claims open.
Stay tuned—the upcoming programmatic incentive program will bring continuous rewards and growth for stakers and operators within the EigenLayer ecosystem.
For more detailed information, check out our comprehensive FAQ, and follow us on Twitter @eigenfoundation for the latest updates.
Official Links:
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EIGEN Overview Blog Post:
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EIGEN Whitepaper:
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FAQ:
https://docs.eigenfoundation.org
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Blog: blog.eigenfoundation.org
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Website: eigenfoundation.org
Legal Disclaimer
This content does not constitute an offer to sell or a solicitation of any offer to buy any EIGEN, nor is it any offer, advertisement, solicitation, confirmation, statement, or financial promotion, and cannot be regarded as an invitation or inducement to engage in any investment activity or similar activity. Do not rely on this content as advice of any kind, including legal, investment, financial, tax, or other professional advice; this content does not substitute for advice from professionals.
The assumptions, forward-looking, and/or predictive data contained herein are not guaranteed and may change; actual results may differ. Eigen Foundation and its subsidiaries make no express or implied warranties regarding the completeness, reliability, validity, or accuracy of the information. This content may contain incorrect information and is not guaranteed to be error-free. You agree and acknowledge that the information here may change without notice. Any oral or written advice or information obtained from Eigen Foundation should not be construed as constituting any warranty or statement not expressly made herein.
For more information, please review the Terms of Service, Privacy Policy, and Airdrop Terms and Conditions of Eigen Foundation.
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