The Eigen Foundation is excited to announce the EIGEN Season 2 Stakedrop! As we approach unlock of the EIGEN token, this stakedrop recognizes and rewards the incredible contributors and participants who have supported us.
This season, EIGEN tokens will be distributed across three key categories:
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Stakers & Operators: Those who have actively staked during Season 2
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Ecosystem Partners: AVSs, LRTs, Rollups, RaaS providers, and other key contributors
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Community Members: Early advocates, contributors, and projects that have been pivotal in supporting EigenLayer
Important for LRT Users: The treatment of reward quantities for LRT protocols is 100% identical to everyone else participating and supporting Eigenlayer through staking and operating in other ways. LRTs are receiving their respective stakedrop allocation directly, and each LRT protocol will determine how to allocate any claimed EIGENs on behalf of its community. Please engage with your LRT protocol for the latest information on claims.
Distribution Details
1. Stakers & Operators
Total EIGEN Allocated to the Stakers and Operators in Season 2: ~70M EIGEN (~4.2% FDV).
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Who: Participants who actively staked and operated nodes during Season 2.
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Claims Open Date: On or before September 17, 2024.
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Details: Direct stakers can claim their tokens via our claims portal at claims.eigenfoundation.org. LRT users will claim rewards through their respective LRT projects.
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Snapshot Date: August 15th, 2024 at 22:26:59 UTC
Stakedrop distributions are calculated based on a staker’s pro-rata share of ETH-hours and are fully linear. No floor was set to avoid Sybil attacks, as previewed in our prior blog post.
For your convenience, a contributor has created a website to help you calculate a measure of your retroactive restaking rewards: s2calculator.eigenfoundation.org
2. Ecosystem Partners
Total EIGEN Allocated to the Ecosystem Partners in Season 2 : up to 10M EIGEN (~ 0.6% FDV).
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Who: Includes AVSs, LRTs, Rollups, RaaS, and other key contributors to the EigenLayer ecosystem.
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Claims Open Date: On or before September 17, 2024.
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Details: Eligible partners will be able to claim their tokens via the claims portal at claims.eigenfoundation.org
To honor the contributions of our ecosystem partners, eligible participants in this category will receive equal rewards. Each partner is valued equally, and their efforts are integral to our mission. This stakedrop is our way of acknowledging their shared impact and commitment to building a stronger ecosystem together. To facilitate an open culture, ecosystem partners will be disclosed.
3. Community
Total EIGEN Allocated to the Community in Season 2: ~6M EIGEN (~0.35% FDV).
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Who: Open source contributors, early advocates, and contributors who have supported EigenLayer since its inception.
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Claims Open Date: On or before September 17, 2024.
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Details: Eligibility is determined by your contributions. Before claiming, verify your social identity by visiting the social verification link: verify.eigenfoundation.org. Social verification confirms that only genuine participants can claim EIGEN, ensuring fair distribution to those who have actively supported.
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Snapshot Date: April 1st or August 15, 2024 (depending on the category type below).
Community Action: Attach a wallet address to your social handle via verify.eigenfoundation.org by September 11th, 2024, 11.59 pm PST, before claims go live. The site may be rate-limited by Twitter, so please be patient if you cannot verify immediately.
We're excited to reward those who have put in tremendous effort supporting EigenLayer from the start. Whether you joined hackathons, wrote blogs, engaged on Twitter and Discord, or are an open source developer who made Open Innovation possible today, your efforts have been important to our growth.
Additionally, we’ll be recognizing the Protocol Guild with an allocation of EIGEN tokens to support their essential work on Ethereum’s L1 and ecosystem development. More details will be shared soon.
How EIGEN supports the EigenLayer mission
EigenLayer enhances Ethereum’s decentralized trust, increasing capital efficiency and cryptoeconomic security to build the foundation for the open, verifiable internet.
The EIGEN token is central to this mission, enabling onchain enforcement of offchain credible commitments and expanding these commitments across any or all blockchains and crypto projects. Supported by a diverse community of stakers, operators, and ecosystem partners, EIGEN drives rapid bootstrapping and growth of open innovation.
EigenLayer, along with Ethereum and other core crypto protocols, is grounded in the belief that when we work together as a community, we create more prosperous futures.
“I view all of Web3 and crypto as building self-enforcing coordination mechanisms, which don't rely on an authority, a council, or a majority to enforce themselves. Because it's self-enforcing, you can make credible commitments. We recognize this is a long journey, but we have a clear northstar: our vision is to build humanity’s coordination engine, and we are excited you are with us on this journey.” – @sreeramkannan
By using EIGEN, you become a key part of this vision, supporting a consensus of honest observers to maintain the integrity of these services.
Why Participate with EIGEN?
Staking EIGEN places you at the forefront of securing innovative services through intersubjective forking, a mechanism that protects even the most challenging onchain activities.
As new programmatic incentives roll out, EIGEN offers ongoing rewards that grow over time, delivering sustainable, long-term advantages for active participants.
Holding EIGEN will give you a voice and a stake in shaping the future of EigenLayer and the Actively Validated Services (AVSs) built on it. As more protocols and applications join EigenLayer, the ecosystem—and your influence within it—will grow.
By participating with EIGEN, you become part of a vibrant network of stakers, operators, and ecosystem partners, all driving open innovation and the future of decentralized services.
Looking Ahead: Programmatic Incentives and Future Rewards
EigenLayer will be launching a programmatic incentives program to activate the AVS rewards flywheel, driving sustainable long-term value for stakers and operators. The first version will feature weekly EIGEN emissions, where newly minted EIGEN tokens by the protocol will be distributed to stakers based on their ETH/LST/EIGEN stake delegated to an operator registered with at least one AVS. Operators will earn a fixed 10% of the EIGEN emissions allocated to their delegated stakers. Once launched, rewards accumulate weekly and can be withdrawn anytime, with unclaimed rewards rolling over. To ensure continuity, there will be a lump sum reward for staking between August 15 (Season 2 Snapshot date) and the program's launch.
An upcoming update will then introduce AVS "reward boosts," where the protocol minted EIGEN tokens will be distributed pro rata per AVS native reward distributions. Future versions will include more advanced controls to adapt to ecosystem dynamics.
An in-depth blog post on this first version of the programmatic incentives program will be published shortly.
Quick recap
Season 2 claims will go live for all groups on or before September 17, 2024.
Community members: Please verify your social identity by visiting: verify.eigenfoundation.org by September 11th, 2024, 11.59 pm PST, before claims go live.
Stay tuned – moving forward, the programmatic incentives program will drive sustained rewards and growth for stakers and operators in the EigenLayer ecosystem.
For more detailed information, please refer to our comprehensive FAQ and follow us on Twitter @eigenfoundation for the latest updates.- Eigen Foundation
Official Links:
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EIGEN Summary Blog Post: blog.eigenlayer.xyz/eigen
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EIGEN Mirror Blog Post : eigenlayer.mirror.xyz
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EIGEN Whitepaper: eigen.eigenlayer.xyz
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Blog: blog.eigenfoundation.org
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Website: eigenfoundation.org
Legal
THIS IS NOT AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO PURCHASE ANY EIGEN, AND IS NOT AN OFFERING, ADVERTISEMENT, SOLICITATION, CONFIRMATION, STATEMENT OR ANY FINANCIAL PROMOTION THAT CAN BE CONSTRUED AS AN INVITATION OR INDUCEMENT TO ENGAGE IN ANY INVESTMENT ACTIVITY OR SIMILAR. YOU SHOULD NOT RELY ON THE CONTENT HEREIN FOR ADVICE OF ANY KIND, INCLUDING LEGAL, INVESTMENT, FINANCIAL, TAX, OR OTHER PROFESSIONAL ADVICE, AND SUCH CONTENT IS NOT A SUBSTITUTE FOR ADVICE FROM A QUALIFIED PROFESSIONAL.
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