Markets News Report Technology
June 20, 2024

Eigen Foundation Opens Second Phase Of EIGEN Stakedrop

In Brief

Eigen Foundation launched the second phase of the first season of the EIGEN stakedrop, marking the conclusion of the first season.

Eigen Foundation Opens Second Phase Of EIGEN Stakedrop

Independent entity focused on advancing the EigenLayer (EIGEN) ecosystem, the Eigen Foundation, launched the second phase of the first season of the EIGEN stakedrop, marking the conclusion of the first season, during which approximately 113 million EIGEN tokens were distributed.

In the new phase, allocations are dedicated for each liquid restaking token (LRT) protocol corresponding to their interactions with EigenLayer, following the same criteria used in the first phase. No penalties are applied in this process. Each LRT protocol has determined specific allocations tailored to their end users.

Decentralized finance (DeFi) users who engaged with KelpDAO, Pendle, Equilibrium, or other protocols prior to March 15th, along with participants from the EIGEN stakedrop first phase, are eligible to make claims. The claiming window is currently open and will continue until September 7th.

Additionally, new users taking part in the second phase will receive 100 EIGEN rewards if they staked before the snapshot on March 15th. However, individuals will not receive rewards twice for their participation in both phases.

Let’s Check Out What Are EigenLayer And EIGEN Tokens 

EIGEN functions as an intersubjective fork token aimed at bolstering cryptoeconomic security across multiple protocols. Its purpose is to incentivize integrity, discourage malicious activities, and bolster Actively Validated Services (AVSs) for a range of applications.

Since its establishment in 2023, EigenLayer has enabled individuals to deposit and restake ETH through diverse liquid staking tokens, with the goal of using these funds to AVSs. Over time, EigenLayer has expanded to become the second-largest DeFi protocol, currently holding a total value locked (TVL) of $19.054 billion, according to DefiLlama.

The total EIGEN supply stands at 1.67 billion. The EigenLayer Foundation has allocated 45% of these tokens to the community, divided to 15% for stakedrops, 15% for initiatives, and 15% for ecosystem development. Furthermore, 29.5% of the tokens were distributed to investors, while early supporters are set to receive 25.5%.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

More articles
Alisa Davidson
Alisa Davidson

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

Hot Stories
Join Our Newsletter.
Latest News

The Calm Before The Solana Storm: What Charts, Whales, And On-Chain Signals Are Saying Now

Solana has demonstrated strong performance, driven by increasing adoption, institutional interest, and key partnerships, while facing potential ...

Know More

Crypto In April 2025: Key Trends, Shifts, And What Comes Next

In April 2025, the crypto space focused on strengthening core infrastructure, with Ethereum preparing for the Pectra ...

Know More
Read More
Read more
MAS Clarifies Regulatory Regime For Digital Token Service Providers, Addressing Industry Concerns
Business News Report Technology
MAS Clarifies Regulatory Regime For Digital Token Service Providers, Addressing Industry Concerns
June 6, 2025
Anthropic Unveils Claude Gov: Specialized AI Models Developed For US National Security Use
News Report Technology
Anthropic Unveils Claude Gov: Specialized AI Models Developed For US National Security Use
June 6, 2025
EigenLayer Rolls Out Redistribution Feature, Allowing AVSs To Repurpose And Distribute Slashed Funds
News Report Technology
EigenLayer Rolls Out Redistribution Feature, Allowing AVSs To Repurpose And Distribute Slashed Funds
June 6, 2025
First Week Of June:  Binance Academy And Solana Spark Global Blockchain Growth
News Report Technology
First Week Of June:  Binance Academy And Solana Spark Global Blockchain Growth
June 6, 2025