EigenLayer to launch airdrop in May following the introduction of the Eigen Foundation

EigenLayer announced it would launch season one of its airdrop on May 10.

token would play a key role in securing EigenDA and actively validated services . Also read: EigenLayer TVL crosses $15 billion despite potential yield crisis Eigen Foundation unveils on Monday. After going live on April 9, rumors of a potential airdrop from the leading Ethereum restaking protocol reached the crypto community. The platform, which boasts nearly $16 billion in total value locked , said the airdrop or so-called stakedrop will go live in May. The Eigen Foundation, a newly created non-profit dedicated to accelerating the growth of the EigenLayer ecosystem, made the airdrop announcement.

will operate as an inflationary token. The airdrop, which would unfold in different seasons, would see 5% of the initial token supply going to restakers in this first season based on a snapshot taken on March 15, 2024, at Ethereum block #19437000. Season 1 comprises two phases, with 90% released on May 10, while the other 10% in subsequent releases. The launch of

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