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📢 Eigenlayer, the restaking protocol amassing $15.7 billion in deposits, unveiled its token whitepaper, confirming plans for an EIGEN token.
📄 The Eigen Foundation, supporting the protocol, detailed a total supply of about 1.67 billion EIGEN tokens, with 45% allocated to the EigenLayer community.
🌐 This 45% is split into three subgroups: stakedrops, future community initiatives, and ecosystem development, each receiving 15%.
🎉 In the inaugural "stakedrop" season, Eigen Foundation will distribute 5% of the token supply to users based on their staking activities from March 15. Claiming for these EIGEN tokens opens on May 10 and closes after 120 days.
💼 Investors will receive 29.5% of the token supply, while 25.5% goes to early contributors, both with a three-year lock period.
⏰ Users can secure EigenDA, Eigenlayer’s Actively Validated Service (AVS) for data availability, with their EIGEN tokens at launch. Other AVSs are expected to follow.
🔄 EigenLayer represents a new trend called "restaking," where users’ ETH tokens deposited as security on Ethereum can be repurposed to secure additional networks or protocols, collectively known as AVS networks on EigenLayer.
