EigenLayer to Distribute 86 Million Tokens in Season 2 Stakedrop

EigenLayer has announced its second “stakedrop,” distributing 86 million EIGEN tokens to stakeholders, including stakers, node operators, ecosystem partners, and community members. This distribution rewards participants active between March 15 and August 15, 2024, and will begin on or before September 17.

Of the total, 70 million tokens will be allocated to stakers and operators based on their ETH stakes. Another 10 million are set aside for contributors like AVSs, rollups, and liquid staking protocols, while 6 million tokens will go to community members. Eligible participants must verify their social identity by September 11 to claim tokens.

EigenLayer’s Total Value Locked (TVL) has dropped from $20.1 billion in June to $11.5 billion, following the conclusion of earlier airdrop campaigns. However, competitor Symbiotic, which hasn’t yet launched a token, has seen its TVL surpass $1.5 billion since June.

EigenLayer’s fully diluted valuation stands at $4.5 billion, with each token valued at approximately $2.7 in pre-market trading.

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