The Ethereum restaking protocol EigenLayer has revealed a whitepaper with new particulars about its soon-to-launch Eigen token, which might be airdropped to group members subsequent month.
- In response to the Eigen Basis’s web site, season 1 of the airdrop will distribute 5% of the token provide. Eligible airdrop recipients embody those that staked instantly with EigenLayer, and people who staked utilizing Liquid Staking Tokens (LSTs).
- In the meantime, individuals who interacted with EigenLayer-related DeFi positions could also be eligible for airdrops in season 2.
A complete of 15% of the EigenLayer token provide will exit to stakers over the long run. One other 15% will go to group initiatives and one other 15% to ecosystem improvement. - That leaves 29.5% of the token provide allotted to buyers, whereas 25.5% goes out to early contributors. Each of those events are topic to a three-year lockup interval on their tokens, together with a complete first-year lock, adopted by a gradual unlock of 4% monthly over the subsequent two years.
- EigenLayer lets customers re-stake their Ether utilizing LSTs so as to present financial safety for third-party layer 2 networks.
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