Ethereum re-staking protocol EigenLayer has revealed plans to airdrop free tokens to users in two stages and introduce a new staking security system.
The native token, called EIGEN, will debut with a total supply of 1.67 billion, and the Eigen Foundation will manage the launch, scheduled for next month. According to an April 29 blog post from Eigen Labs, 45% of this supply has been designated for distribution.
EigenLayer Deployment Plan
The first category, labeled stakedrops, carries a 15% allocation and rewards stakers for locking up Ethereum (ETH) on EigenLayer’s protocol. According to Defillama, users have stashed more than $15.7 billion on the ETH redeposit platform since its launch last June.
Additionally, airdrop distribution will occur in two stages. The first batch or Season 1 will share 5% of the total 15% stakedrop allocation based on a linear calculation that takes into account amount staked, time staked and default re-staking.
all snapshot Season 1 went live on March 15th, and eligible users have until May 10th to claim 90% of the airdrop. Season 2 begins in a month, allowing stakers to collect the remaining 10% of their total 15% stakedrop allocation.
EigenLayer also allows a 120-day window for Season 1 claimants. EIGEN tokens will be non-transferable at launch to promote community participation in governance. Nonetheless, eligible users can stake their stake to secure EigenDA, a data availability solution launched as a complementary layer to the re-staking protocol.
The other two user categories in the platform deployment plan each included a 15% allocation earmarked for community initiatives and ecosystem development.
Early contributors will receive 25.5% of the total supply of EIGEN, while investors will be entitled to 29.5%. Both parties have a three-year vesting schedule, with 4% of their holdings unlocked each month for the last two years.
Introduction to Subjective Branching
EigenLayer will also introduce subjective forks to address patterns that can avoid immediate on-chain detection. The cryptocurrency economic security concept strengthens ETH re-staking and addresses subjective errors, simplifying the activities of validators handling transaction re-staking.