EigenLayer, the restaking protocol is on the way to launching its native token, distribution mechanism involves airdrops for ecosystem participants.
EigenLayer, an innovative restaking protocol on Ethereum is all set to launch its native token EIGEN somewhere in May, followed by an exciting airdrop plan. The independent non-profit Eigen Foundation would release the tokens and 15% of the supply will be distributed to the platform stakers.
EigenLayer’s EIGEN Token And Season 1 Stakedrop
On April 29, Monday, EigenLayer posted a blog specifying the details of the upcoming native token launch and season 1 stakedrop.
Source: EigenLayer
It is a staking protocol on Ethereum that permits users to restake their Ether (ETH) and earn rewards. With over $15.646 Billion in Total Value Locked (TVL), the innovative restaking protocol is securing a strong position in crypto.
Moreover, the protocol is on its way to expanding its roots by native token launch and airdrop. As per the
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