EigenLayer to Distribute 86M Tokens in Second Season Stakedrop

• On September 17, the stakeholders will be able to collect their tokens.
• Out of a total supply of 1.67B tokens, the 86M tokens allocation constitutes around 5%.

The second season of EigenLayer’s stakeholder airdrop, or “stakedrop,” will distribute 86 million EIGEN tokens to stakeholders, node operators, ecosystem partners, and community members.

On or before September 17, 2024, the distribution will start targeting participants who were active between March 15 and August 15. This follows April’s announcement of the first stakedrop and the introduction of the protocol’s native token. On September 17, the stakeholders will be able to collect their tokens.

One way that users may stake ether on EigenLayer is by depositing it from a variety of liquid staking tokens. Actively validated services (AVSs) and secure third-party networks are the intended recipients of these funds.

Strategic Tokenomics

Moreover, out of a total supply of 1.67 billion tokens, the 86 million tokens allocation constitutes around 5%. During Season 2, 70 million EIGEN tokens were allocated to stakers and active operators. Each participant’s pro-rata share of ETH staked determines the allocation.

All participants in the EigenLayer ecosystem, including AVSs, rollups, liquid staking protocols, rollup-as-a-service providers, and others, have the opportunity to claim up to 10 million EIGEN tokens. Roughly 6 million EIGEN tokens will be distributed to the community sector, which includes early advocates, open-source contributors, and other backers.

Participants must use the Eigen Foundation’s verification portal by September 11 to confirm their social identities by connecting their wallet addresses to their social handles. Only then will they be able to collect their tokens.

Due to net withdrawals in the last few months, EigenLayer’s total value locked (TVL) has decreased, which coincides with the second season stakedrop. The TVL dropped to $11.68 billion from June’s record high of $20.1 billion.

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