EigenLayer Set to Distribute 86 Million Tokens to Stakers and Node Operators in Season 2 Stakedrop
The upcoming token distribution will represent 5% of the total EIGEN supply, rewarding active participants in the protocol.
EigenLayer, a restaking protocol built on Ethereum, has announced the distribution of 86 million EIGEN tokens as part of its "season 2 stakedrop." The token allocation, amounting to 5% of the total supply, will reward stakers, node operators, and ecosystem partners who have engaged with the platform. The distribution is scheduled to begin on September 17.
Out of the 86 million tokens, 70 million are earmarked for stakers and node operators, reflecting the platform’s focus on incentivizing those who contribute to securing additional networks and protocols. Ecosystem partners will receive 10 million tokens, while the remaining 6 million will go to the broader EigenLayer community.
EigenLayer has experienced fluctuating total value locked (TVL) numbers since its token was first announced in April, with the TVL declining from $15.7 billion in deposits to $11.3 billion, according to data from DeFiLlama. This decline in TVL is not unique to EigenLayer, as other restaking protocols, such as Renzo and Karak, have also seen drops in TVL—22% and 14.6%, respectively.
The decrease in TVL is largely attributed to declining asset prices, with ether (ETH) trading at $2,388, down from July's peak of $3,536. The conclusion of several airdrop campaigns, which had driven significant activity earlier in the year through "airdrop farming" strategies, has also contributed to the reduction in capital inflows.
EigenLayer’s platform enables users to stake their ether and repurpose it to secure other networks or protocols, offering an opportunity for additional yield. As the protocol continues to grow, this upcoming token distribution is seen as a way to bolster user engagement and incentivize participants amid the challenging market conditions.
photo source / Blockonome
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