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Understanding The Eigen Layer Airdrop & How to Claim

Eigen Layer Airdrop is a blockchain project that assures a broad ecosystem by allowing users to restake ETH across many protocols through airdrops, hence improving security, scalability and capital efficiency.

Eigen Layer is an innovative project designed to improve the Ethereum network by allowing users to restake their ETH-based liquid staking tokens, or staked ETH, between many systems. As a result, ETH can act as crypto economic security for other Ethereum ecosystem protocols.

Eigen Layer Airdrop
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To put it another way, EigenLayer provides a mechanism for ETH that has already been staked to receive further rewards by being utilized in various ways across many systems.

BreakDown of The Eigen Layer Airdrop

15% of EigenLayer’s EIGEN token supply will be offered out by airdrops distributed over different phases and seasons. The EigenLayer airdrop features unique eligibility requirements for each season, along with guidelines governing which users are eligible to receive tokens. There are two primary seasons in the current distribution plan: Season 1 and Season 2.

Season 1: How It Works

Eigen Layer airdrop’s season 1 is divided into two phases. Both airdrops are targeting different user types:

Phase 1: ETH Restaking

During the first phase, users can receive the airdrop if they restaked their Ethereum or Ethereum-based liquid staking tokens (LSTs) on EigenLayer by the snapshot taken on March 15, 2024. Users are eligible for this portion of the airdrop if they had staked ETH or LSTs by this date. At first, the minimum amount of EIGEN tokens that qualified users could obtain was ten. But as a result of an extra distribution, all qualified users in Phase 1 are now given 110 EIGEN tokens instead.

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Phase 2: DeFi Protocol Users

Users who connected with particular decentralized finance (DeFi) protocols before March 15, 2024 are the subject of Phase 2 of Season 1. Among these protocols are well-known systems such as Equilibrium, Kelp, and Pendle. Users may be able to claim EIGEN tokens as part of the Eigen Layer airdrop if they have interacted with these sites prior to the deadline.

It’s important to remember that tokens from Season 1 are non-transferable, which means users can’t move or exchange them until the EigenLayer ecosystem has further decentralized. It is expected that this will occur by September 30, 2024.

Season 2: More Opportunities to Earn EIGEN Tokens

EigenLayer has announced Season 2, giving users even more opportunities to take part in and profit from the Eigen Layer airdrop, in response to the popularity of Season 1.

Stakers and Operators

Stakers and operators have received 70 million EIGEN tokens in Season 2, which is around 4.2% of the overall value. User’s share of ETH-hours, which indicates how much and for how long user have staked ETH in the network, determines how many tokens they are eligible to claim. Stakers and Operators may obtain their tokens through projects that issue Liquid Restaking Tokens (LRT) or through the Eigen Layer airdrop claim website.

Ecosystem Partners

An extra 10 million EIGEN tokens or maybe around 0.6% of total value have been allotted for the ecosystem partners. The Eigen layer ecosystem is also developed because of the initiatives and platforms.

Community Members

Eigen layer is thankful to its first supporters and contributors within its community. Approx, 6 million EIGEN tokens or total supply’s 0.35% are kept for community members who have contributed in the discussions or helped Eigen Layer to grow the ecosystem.

How To Claim EIGEN Tokens

It is very simple to get EIGEN tokens from the Eigen Layer airdrop. Whether someone who is qualified from Ethereum restaking, DeFi interactions, staking or community involvement, the steps are same for all of that. Here’s a simple method on how to get EIGEN tokens.

  1. Visit the Eigen Layer Airdrop Claim Page: On this page, users could see if they qualify for any of the ongoing airdrops.
  2. Connect The Ethereum Wallet: Users should make sure that their wallet is connected to the Ethereum network.
  3. Check the Eligibility: Users will see their EIGEN tokens allocation based on which season and phase are they qualified for the Eigen Layer Airdrop.
  4. Claim The Tokens: If the users know their eligibility for the airdrop, they could claim their tokens. Remember, that these tokens are non-transferable until they unlock after further decentralization by September 30, 2024.

Want to claim more Airdrops like this? Follow CoinMozo on X to get the latest news on different airdrops.

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Important Dates To Remember

Here’s a quick date timeline to remember that one should keep in mind for the Eigen Layer Airdrop:

  • March 15, 2024: Season 1 eligibility snapshot date( ETH restaking and DeFi users).
  • August 15, 2024: Snapshot date for Season 2 Operators and Stakers.
  • September 11, 2024: Deadline to verify social identity for community members.
  • September 17, 2024: Season 1 deadline to claim tokens.
  • September 16, 2024 – March 16, 2024: Season 2 tokens claim window open.
  • September 30, 2024: Day to claim tokens and allowing users to transfer their claimed tokens.

EigenLayer is an innovative technology that will enable users to maximize their staked Ethereum across multiple protocols and contribute to the security and scalability of the network. With 15% of the entire EIGEN supply planned to be distributed through airdrops, early adopters and active users have lots of opportunity to gain tokens through the EigenLayer airdrop.

Participating in EigenLayer’s ecosystem as a staker, DeFi enthusiast, or community contributor guarantees your eligibility for upcoming airdrops. See you in the following seasons! There’s still 8.25% of the entire airdrop supply available.

Also Read: Not Pixel Airdrop Listing Date: Grab Your Free Tokens Before Listing

Disclaimer

The content presented here may express the author’s personal opinions and is subject to change based on market conditions. It is crucial to conduct your own market research before investing in any cryptocurrency. Neither the author nor this publication assumes any responsibility for any financial losses you may incur.