December 23, 2024
#Altcoin

The giant project succumbed to the backlash: He had to hand out money!

EigenLayer announced that it will distribute an extra 100 to 110 EIGEN to 28 thousand eligible wallet addresses after criticism of its first airdrop.

Ethereum‘s reconstruction protocol, EigenLayer, was the first airdrop announced that it would distribute approximately 28 million EIGEN to more than 280,000 wallets just days after its announcement. On Monday, EigenLayer announced that it would allocate 15 percent of its total supply to the community, a development that many communities, especially the Turkish crypto ecosystem, criticized.

Eigen Foundation‘s post to X on May 2 stated that users who interacted with the protocol before April 29 will receive additional EIGEN in their wallets. The new airdrop will also include users who earned rewards from the previous event.

Critical airdrop development from EigenLayer!

In a follow-up blog post, the team announced that Season 1 claimants will receive at least 110 EIGEN, while Season 2 claimants (those who interacted with the protocol between March 15 and April 29) will receive at least 100 EIGEN.

Although EIGEN has not yet been launched, perpetual futures contracts are currently trading at $10 on the derivatives market, according to Aevo data, suggesting that the latest airdrop is worth around $280 million. Users who felt left out of the first airdrop can still participate on April 30th “stakedrop” after announcing the program, criticized the restaking protocol.

Much of the criticism focused on EIGEN’s non-transferable token structure, 15 percent community allocation, and anti-VPN measures that saw users from 30 countries, including the US, Canada, China and Russia, blocked from claiming EIGENs.

EigenLayer said it will try to include more testnet users who may have been excluded from the airdrop.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk and readers should do their own research when making decisions.

Leave a comment

Your email address will not be published. Required fields are marked *