Original author: Eigen Foundation
Original translation: TechFlow
The Eigen Foundation announces the EIGEN Season 2 Stakedrop! With EIGEN tokens about to unlock, this stakedrop is intended to recognize and reward outstanding contributors and participants who have given us their support.
During this season, EIGEN tokens will be distributed to three main categories:
Stakers and Operators: Users who actively participated in staking in Season 2
Ecosystem partners: including AVSs, LRTs, Rollups, RaaS providers and other key contributors
Community members: early supporters, contributors, and projects that play a key role in supporting EigenLayer
IMPORTANT INFORMATION FOR LRT USERS: LRT protocols reward the same amount to all participants who support Eigenlayer through staking and other means. LRTs will directly receive their corresponding stakedrop allocation, and each LRT protocol will decide for itself how to distribute claimed EIGENs to its community. Please contact your LRT protocol for the latest claiming information.
Allocation details
Stakeholders and Operators
Total EIGEN allocated to stakers and operators in Season 2: ~70 million EIGEN (~4.2% of FDV).
Applicable to: Participants who actively participate in staking and node operation in Season 2.
Start claiming on or before September 17, 2024.
Details: Direct stakers can claim their tokens through our claims portal at claims.eigenfoundation.org. LRT users will claim their rewards through their respective LRT projects.
Snapshot date: 2024-08-15 22:26:59 UTC
Stakedrop distribution is calculated based on the hourly proportion of stakers’ ETH and is completely linear. To prevent Sybil attacks, we do not set any floor, as mentioned in our previous blog post.
To make it easier for you, a contributor has created a website to help you calculate your retroactive re-staking rewards: s 2c alculator.eigenfoundation.org
Ecosystem Partners
Total EIGEN allocated to ecosystem partners in Q2: up to 10 million EIGEN (approximately 0.6% of FDV).
Applicable to: AVSs, LRTs, Rollups, RaaS and other participants who make important contributions to the EigenLayer ecosystem.
Start claiming on or before September 17, 2024.
Details: Eligible partners can claim their tokens through the claims portal at claims.eigenfoundation.org.
To recognize the contributions of ecosystem partners, eligible participants will receive equal rewards in this category. Every partner is considered equally important and their efforts are critical to our mission. This stakedrop is our recognition of their collective impact and commitment to building a stronger ecosystem. To promote a culture of openness, ecosystem partners will be publicly disclosed.
Community
Total amount of EIGEN allocated to the community in Season 2: approximately 6 million EIGEN (approximately 0.35% of FDV).
Recommended for: Open source contributors, early advocates, and supporters of EigenLayer since its inception.
Start claiming on or before September 17, 2024.
Details: Your contributions will determine your eligibility. Please visit the social verification link verify.eigenfoundation.org to verify your social identity before claiming. Social verification ensures that only authentic participants can claim EIGEN, thereby ensuring that tokens are fairly distributed to those who have actively supported.
Snapshot date: April 1 or August 15, 2024 (depending on the category).
Community Action: Please link your wallet address to your social account at verify.eigenfoundation.org before 11:59 PM PST on September 11, 2024, and then claim. As the site may be rate-limited by Twitter, please be patient if you cannot verify immediately.
We are very excited to reward those who have made great contributions to supporting EigenLayer since the beginning. Whether you have participated in hackathons, written blogs, actively interacted on Twitter and Discord, or are an open source developer driving open innovation today, your efforts are critical to our growth.
Additionally, we will allocate EIGEN tokens to the Protocol Guild to support their important work in Ethereum L1 and ecosystem development. More details will be announced soon.
These rewards reflect our commitment to building a strong, innovative, and growing EigenLayer community.
NOTE: The remaining approximately 3% of the 15% total token supply will be distributed to the community through subsequent projects.
How EIGEN supports EigenLayer's mission
EigenLayer lays the foundation for an open and verifiable internet by enhancing Ethereum's decentralized trust, improving capital efficiency and cryptoeconomic security.
The EIGEN token plays a key role in this mission by enforcing trusted commitments on-chain and extending these commitments to all blockchain and crypto projects. With the support of a diverse group of stakers, operators, and ecosystem partners, EIGEN drives the rapid launch and development of open innovation.
EigenLayer, together with Ethereum and other core crypto protocols, firmly believes that through the joint efforts of the community, we can create a more prosperous future.
“I think of Web3 and crypto as all about building self-enforcing coordination mechanisms that don’t rely on authorities, committees, or majority decisions to enforce themselves. Because they’re self-enforcing, you can make credible commitments. We know it’s a long journey, but we have a clear goal: our vision is to build the coordination engine for humanity, and we’re excited for you to join us on this journey.” - @sreeramkannan
By using EIGEN, you become an important part of this vision, supporting the consensus of honest observers to maintain the integrity of these services.
Why get involved with EIGEN?
Staking EIGEN puts you at the forefront of protecting innovative services, using the mechanism of subjective forks to safeguard even the most complex on-chain activities.
As new incentives are introduced, the rewards provided by EIGEN will continue to increase, bringing sustainable long-term benefits to active participants.
Holding EIGEN not only gives you a voice and stake in shaping the future of EigenLayer and the Active Verification Service (AVS) on top of it, but also increases your influence in the ecosystem as more protocols and applications are added.
By participating in EIGEN, you will join an active network of stakers, operators, and ecosystem partners, working together to drive the future of open innovation and decentralized services.
To learn more, check out this blog post about EIGEN’s design and benefits. For a deeper understanding, read the full EIGEN white paper.
Looking ahead: Programmatic incentives and future rewards
EigenLayer will launch a programmatic incentive program to activate the AVS rewards mechanism to bring sustainable long-term value to stakers and operators. The first version will issue EIGEN tokens weekly, and newly generated EIGEN tokens from the protocol will be distributed based on the ETH/LST/EIGEN staked by stakers to at least one AVS registered operator. Operators will receive a fixed 10% of the EIGEN issuance allocated to their delegated stakers. After the program is launched, rewards will accrue weekly and can be withdrawn at any time, and unclaimed rewards will continue to accrue. To ensure continuity, a one-time reward will be provided to users who staked between August 15th (the second quarter snapshot date) and the launch of the program.
The upcoming update will introduce AVS "reward boosting", where EIGEN tokens generated by the protocol will be distributed proportionally to each AVS's native rewards. Future versions will include more advanced control mechanisms to adapt to changes in the ecosystem.
A detailed blog post about the first version of this programmatic incentive program will be published soon.
Quick Review
Adoption for the second season will be open to all groups on or before September 17, 2024.
Note to community members: Please verify your social identity at verify.eigenfoundation.org by 11:59 PM PST on September 11, 2024, to be verified before claims open.
Stay tuned — future programmatic incentives will bring continued rewards and growth to stakers and operators in the EigenLayer ecosystem.
For more detailed information, please check out our comprehensive FAQ, and follow us on Twitter @eigenfoundation for the latest updates.
Official Links:
EIGEN Summary Blog Posts:
blog.eigenlayer.xyz/eigen
EIGEN White Paper:
eigen.eigenlayer.xyz
FAQ:
https://docs.eigenfoundation.org
Blog: blog.eigenfoundation.org
X：@eigenfoundation
Website: eigenfoundation.org
Legal Notice
This content does not constitute an offer or solicitation to sell or buy any EIGEN, nor is it any offer, advertisement, request, confirmation, statement or financial promotion, and cannot be regarded as an invitation or inducement to participate in any investment activity or similar activities. Please do not rely on this content as any form of advice, including legal, investment, financial, tax or other professional advice, and this content cannot replace the advice of professionals.
The assumptions, forward-looking and/or predictive data contained in this document are not guaranteed and are subject to change; actual data may vary. Eigen Foundation and its subsidiaries make no warranties, express or implied, as to the completeness, reliability, validity or accuracy of the information. This content may contain errors and is not guaranteed to be error-free. You agree and acknowledge that the information herein may be changed without notice. No advice or information, whether oral or written, obtained from Eigen Foundation shall be deemed to constitute any warranty or representation not expressly made herein.
For more information, please review the Eigen Foundation’s Terms of Service, Privacy Policy, and Airdrop Terms of Service.
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