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ADA $0.2202 -0.30%
BCH $259.10 +0.23%
LINK $12.48 -2.11%
HYPE $85.54 +0.70%
AAVE $128.72 -2.60%
SUI $0.8174 -0.22%
XLM $0.1880 -2.38%
ZEC $1,183.24 +3.98%

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

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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