EigenLayer

LayerZero

Foundation

<p class="is-style-lead">Users can now claim EigenLayer’s native token, but the team previously said EIGEN will remain non-transferable.</p> 
<p>The 120-day period to claim EIGEN opened on May 10 and will run until September for EigenLayer’s phase one “stakedrop.” </p> 
<p>Participants can secure 6.05% of the token’s 1.67 billion supply during the distribution, while a phase two allocation will increase available tokens by 0.7%.</p> 
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   <p lang="en" dir="ltr">1/ EIGEN stakedrop claims are open! 🪂 ♾️∑<br><br>We're thrilled to announce that claims for EIGEN are now open for Phase 1 of Season 1!<br><br>The EIGEN token accelerates <a href="https://twitter.com/eigenlayer?ref_src=twsrc%5Etfw" target="_blank" rel="">@eigenlayer</a> &amp; Ethereum toward a shared mission of open innovation. ♾️<br><br>Get started: <a href="https://t.co/AS9lkY9vHp" target="_blank" rel="">https://t.co/AS9lkY9vHp</a> <a href="https://t.co/JtihuGHF5Z" target="_blank" rel="">pic.twitter.com/JtihuGHF5Z</a></p>— Eigen Foundation (@eigenfoundation) <a href="https://twitter.com/eigenfoundation/status/1788977883400015996?ref_src=twsrc%5Etfw" target="_blank" rel="">May 10, 2024</a>
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<p><a href="https://x.com/eigenfoundation/status/1788977883400015996" target="_blank" rel="">EigenLayer</a> plans to share 113 billion EIGEN tokens to eligible users who deposited Ether (<a href="https://crypto.news/price/ethereum/" target="_blank" rel="">ETH</a>) on the staking platform for months. According to the Eigen Foundation, the allocation will be disbursed over multiple seasons, and users will receive 15% of EIGEN’s total supply.&nbsp;</p> 
<p>However, the roadmap <a href="https://crypto.news/eigenlayer-airdrop-draws-criticism-amidst-transferability-concerns-allocations/" target="_blank" rel="">stirred</a> discontent within the crypto community, as claimants cannot send EIGEN across wallets, and certain regions were geo-blocked from the airdrop.&nbsp;</p> 
<p> You might also like: <a href="https://crypto.news/eigenlayer-tvl-exceeds-15b-after-lifting-restrictions-on-pool-limits/" rel=""> EigenLayer TVL exceeds $15b after lifting restrictions on pool limits </a> </p> 
<p>Users in the U.S., Canada, and areas in Africa and Asia cannot access the claims website. Typically, a VPN would circumvent this ban, but VPN users were also blocked, drawing further scrutiny to the EigenLayer protocol.&nbsp;</p> 
<p>The contentious EigenLayer airdrop is one of several token distributions rocking the crypto community in the second quarter of 2024. <a href="https://crypto.news/layerzero-ceo-85-of-addresses-may-be-ineligible-for-airdrop/" target="_blank" rel="">LayerZero</a> also received backlash for its anti-Sybil systems and “report-to-earn” initiative.&nbsp;</p> 
<p>Elsewhere, experts are skeptical about the EIGEN token’s promise and how the restaking giant has contributed to Ethereum’s ecosystem. Galaxy researcher <a href="https://x.com/christine_dkim/status/1785430951746846783" target="_blank" rel="">Christine Kim</a> said on X that the protocol’s whitepaper left a lot to be desired and also questioned problems identified by the team.</p> 
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   <p lang="en" dir="ltr">after reading the EIGEN whitepaper one might be compelled to ask if an "intersubjective work token" is really *necessary* for a restaking protocol that has yet to enable the most basic qualities of restaking.<br><br>to be clear everything that this whitepaper says eigenlayer does for… <a href="https://t.co/0Z8hILOrnI" target="_blank" rel="">pic.twitter.com/0Z8hILOrnI</a></p>— Christine Kim (@christine_dkim) <a href="https://twitter.com/christine_dkim/status/1785430951746846783?ref_src=twsrc%5Etfw" target="_blank" rel="">April 30, 2024</a>
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<p> Read more: <a href="https://crypto.news/eigenlayer-airdrop-draws-criticism-amidst-transferability-concerns-allocations/" rel=""> EigenLayer airdrop draws criticism amidst transferability concerns, allocations </a> </p>

EigenLayer opens airdrop claims till Sept. 7

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