tl;dr
The Eigen Foundation, which oversees the Ethereum restaking protocol EigenLayer, is launching a new airdrop rewards wave. Approximately 86 million tokens will be released from September 17 in its "stakedrop," with 70 million going to stakers and node operators, 10 million to ecosystem partners and t...
EigenLayer, an Ethereum restaking protocol, has announced the launch of "Season 2 stakedrop," releasing approximately 86 million tokens from September 17. This initiative aims to reward users, contributors, and ecosystem partners.
The airdrop wave seeks to recognize and incentivize the efforts of community members, including stakers, operators, partners, early supporters, open source contributors, and advocates who have contributed to EigenLayer's growth and innovation.
In the previous "Season 1" airdrop, over 1.6 billion tokens were allocated to users engaged in staking activities, and the EIGEN token is not yet available for trading pending certain "product and decentralization milestones."
Built upon Ethereum, EigenLayer focuses on restaking and enabling staking across multiple blockchains, allowing users to secure their staked coins and earn additional rewards through the proof of stake consensus mechanism used by cryptocurrencies like Ethereum, Polkadot, and Cardano.
The Eigen Foundation, overseeing the Ethereum restaking protocol EigenLayer, has announced the launch of a new airdrop rewards wave. Approximately 86 million tokens will be released from September 17 in its "stakedrop," with 70 million allocated to stakers and node operators, 10 million to ecosystem partners and the EigenLayer community, and 6 million to open source contributors and advocates.
The Foundation aims to reward those who have actively supported EigenLayer, and the EIGEN token is not yet available for trading. EigenLayer, built on Ethereum, focuses on restaking and allows users to stake across multiple blockchains.
Staking involves pledging crypto holdings to a network and earning yield, and several major cryptocurrencies, including Ethereum, Polkadot, and Cardano, utilize this consensus mechanism.
The Eigen Foundation, the organization behind Ethereum restaking protocol EigenLayer, is launching another airdrop rewards wave. In a Thursday post, the Foundation said that a total of approximately 86 million tokens will be released from September 17 in its “stakedrop” to go to users and contributors who have actively helped the project.
The “Season 2 stakedrop” will distribute 70 million tokens to those who staked and operated nodes, 10 million to ecosystem partners and the EigenLayer community, and 6 million to open source contributors, advocates, and others who supported the community from the beginning.
EigenLayer previously launched an airdrop back in May, allocating 5% of the total token supply—over 1.6 billion tokens—to users who engaged in staking activities as of March 15. The EIGEN token is not yet available for trading.
Airdrops are a way of attracting users to a new crypto project. A protocol will typically give out free tokens to previous and/or current users in the hopes that the community will grow and more people will flock to the project in the future. EigenLayer is built upon Ethereum and is in the business of restaking—the ability to stake across multiple blockchains. The idea is that those who already stake Ethereum (ETH) can use the same staked coins on other protocols, keeping them secure and earning additional rewards.
Staking is the process of pledging crypto holdings to a network and earning yield. Networks that utilize staking are called proof of stake blockchains. Several top cryptocurrencies, including Ethereum, Polkadot, and Cardano, use this consensus mechanism.
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