EigenLayer opens up eligibility inquiries for airdrop! The first phase will prioritize users who re-stake, with Pendle distributing in the second phase.

The repledge agreement EigenLayer, with a pledged capital of up to $16 billion, has finally announced plans for an airdrop. The airdrop will be conducted in two phases in the first quarter, and eligibility can now be checked.

EigenLayer Airdrop: Only Stakers Eligible for Phase 1 Rewards

Out of the total token supply of EIGEN, 15% is allocated for stakers. The first season will distribute 5%: 4.54% in the first phase to stakers, and 0.46% in the second phase for more complex liquidity restaking protocols like Pendle. Subsequent seasons will have additional reward distributions.

• EigenLayer Airdrop Claim Inquiry: http://claims.eigenfoundation.org, no wallet signature required, beware of phishing, only wallet address needed for inquiry
• Phase 1 Airdrop Distribution Period: May 10, 2024, to September 7, 2024
• Snapshot Time: March 15, 2024

EigenLayer Airdrop: Second Phase Includes Complex LRT Protocols

• In the second phase of the EigenLayer Airdrop, approximately 0.46% of the token supply will be distributed to stakers using LRT protocols like Pendle.
• The protocols included in the second phase of the airdrop involve splitting LRT into multiple assets or derivative assets, such as Pendle, Equilibrium, Penpie, or Kelp with its rsETH derivative utility. EigenLayer refers to these protocols as unresolved DeFi contracts.
• The distribution schedule for the second phase will be announced separately here
• EigenLayer states that placing these protocols in the second phase is to ensure fairness.

EigenLayer Airdrop: Features Non-Transferable Period

Unlike most airdrop activities in the past, EigenLayer indicates that these tokens will have a non-transferable period initially to maintain community awareness and trust. EigenLayer will also feature trading and slashing functionalities.

Post EigenLayer Airdrop Staking Market: Determines Fate of LRT Coin Price

After EigenLayer's token issuance, once trading begins, it will expose the market value of EigenLayer's substantial fund size. This will also lead to market adjustments for existing LRT protocols, potentially clarifying the current bubble phenomenon.