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SOL $74.43 +0.74%
TRX $0.3303 -0.41%
DOGE $0.0727 +5.17%
ADA $0.1650 +0.96%
BCH $209.35 -0.14%
LINK $8.39 +0.49%
HYPE $58.09 -0.03%
AAVE $91.72 -2.16%
SUI $0.7134 +0.42%
XLM $0.1787 +0.57%
ZEC $483.14 -2.32%

45% of EigenLayer tokens will be allocated to the community, with the airdrop scheduled to go live on May 10

2024-04-30 01:14:32
Collection

ChainCatcher news, according to The Block, the total supply of EigenLayer tokens at launch is 1.67 billion. The foundation has allocated 45% of the tokens to its community. This is further broken down into staking airdrop (15%), community programs (15%), and ecosystem development (15%). Additionally, 29.5% of the tokens have been allocated to investors, while early contributors will receive 25.5%. The total lock-up period for investors and early contributors is three years. The first year involves a complete lock-up, followed by a gradual release of their total holdings at a rate of 4% per month over the next two years.

EigenLayer refers to the community airdrop as "staking," and will distribute 15% of the token supply to those who stake using the platform. These tokens will be distributed across multiple seasons. In the first season, the foundation will distribute 5% of the token supply to users based on a snapshot of staking activity on March 15, 2024. In the first season distribution, 90% of the tokens will be claimable by eligible re-participants on May 10, with a claim period of 120 days, and the final 10% will be claimable in the second phase of the first season one month later.

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