EigenLayer to Airdrop 28M More EIGEN After First Airdrop Hits Backlash
Restaking protocol EigenLayer is handing out an extra 100 EIGEN to 280,000 qualifying wallet addresses after criticism over its first airdrop.
On April 29th, EigenLayer announced it would allocate 15% of its total supply to the community, but some users deemed several provisions of its airdrop program as restrictive.
On May 2nd, The Eigen Foundation announced that users who interacted with the protocol before April 29th would receive an additional airdrop, including the original airdrop claimants.
Updates on the EIGEN Stakedrop pic.twitter.com/1cwSForJnx
— Eigen Foundation (@eigenfoundation) May 2, 2024
In a follow-up blog post, Eigen clarified that initial “season 1” claimants are set to receive a minimum of 110 EIGEN. However, the second wave of “season 2” claimants who interacted with the protocol between March 15th and April 29 will receive a minimum of 100 EIGEN
This April 29th cut-off point was an effort to prevent industry-grade Sybil farms from abusing the protocol. Hence, stopping these fake accounts from influencing or disrupting the community.
Users who felt left out of the first airdrop slammed EigenLayer’s “stakedrop” program on April 30th. A program that allowed users to stake airdropped tokens secure data availability store (EigenDA) and future Actively Validated Services (AVAs).
The bulk of the first airdrop’s backlash was due to EIGEN’s nontransferable token structure, a smaller-than-expected 15% community allocation, and “aggressive” geo-blocking and anti-VPN measures.
These measures saw users from 30 countries, including the United States, Canada, China, and Russia, barred from participating in the airdrop.
EigenLayer shared that it would look to include more of its test net users that may have
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