Eigen Foundation Calms the Crowd: Offers Additional Airdrop, Announces Lifting of Circulation Restrictions on 9/30

Recently, the Eigen Foundation's announcement of an airdrop plan for EigenLayer users has sparked discontent within the community. The Eigen Foundation announced today that additional EIGEN allocations will be provided to users, along with important updates on the project's schedule and mechanisms.

Increasing Quota: Users will receive an additional 100 EIGEN before 4/29

The Eigen Foundation has decided to reward over 280,000 users who interacted with EigenLayer before April 29th, with an additional 100 EIGEN each. Due to the initial snapshot only going up to 3/15, users who joined after open staking felt dissatisfied.

Discontent in the community due to the lack of circulation function for EigenLayer tokens

This additional quota will be seen in claims made after May 10th. Users from the first quarter will now receive at least 110 EIGEN, while supporters active from March 15th to April 29th in the second quarter will also receive at least 100 EIGEN.

Clarification on Lockup Period, Schedule, and Testnet Quotas

Clear Lockup Period: Until 9/30

The Eigen Foundation stated that the countdown for investors' and team members' lockup will begin once EIGEN is transferable to the community. Following this initial phase, tokens will unlock at a rate of 4% per month and fully unlock within three years of transferability. This structure ensures that protocol users have significant control before any core contributors.

Schedule for Feature Rollouts

The Eigen Foundation plans to launch key features on the mainnet by September 30, 2024. These enhanced features aim to further decentralize the platform and introduce permissionless capabilities, granting the community voting rights and enabling token transfers.

Addressing Concerns of Testnet Users

The Eigen Foundation acknowledges overlooking the quotas for testnet users in the claiming eligibility and promises adjustments in the second phase of the first quarter.

How will EigenLayer's token EIGEN be used to secure AVS security?