Check out the airdrop results for EigenLayer, and see how much users could earn!
Eigenlayer
Security
Infrastructure
+1
Eigen Layer
Progress mission: 0 of 8
Rewards
Reward Results
$385 $2,370
Details
Minimal cost
~$20
Time required
10 min.
Category
Mainnet
Rating
7/10
Risk
Medium
EigenLayer Airdrop Overview:
EigenLayer airdropped 15% of the total supply of EIGEN tokens. Season 1 (Phase 1 and Phase 2) had already allocated 6.75% of the total supply. The airdrop was structured as follows:
- Season 1 Phase 1: Eligible users were those who restaked ETH or liquid staking tokens (LSTs) on EigenLayer by the snapshot date.
- Season 1 Phase 2: DeFi users who interacted with protocols like Kelp, Pendle, and Equilibrium before March 15, 2024, were eligible.
- A small allocation was also given to testnet users, although future testnets like Holesky didn’t provide token rewards.
The snapshot for Season 1 was taken on March 15, 2024, and the claim period for eligible users ended on September 17, 2024. Users who were initially eligible for a minimum allocation of 10 EIGEN received** an additional 100 tokens**. This brought the total amount to 110 EIGEN per eligible participant.
Minimum Claim Dollar Amount:
With the additional 100 tokens, the minimum claim was 110 EIGEN. Assuming $EIGEN traded between $3.5 and $4.2, the value of the minimum claim was:
- Low estimate: 110 EIGEN × 3.5 USD = 385 USD
- High estimate: 110 EIGEN × 4.2 USD = 462 USD
Airdrop Results for Season 1 and Season 2:
Season 1:
- Estimated average claim per claimer was 1,625.37 USD.
Season 2:
- Average claim per claimer was 2,370.39 USD.
These results highlighted the significant value distributed to claimers, especially with the additional tokens for early participants (such as the 110 EIGEN minimum distribution).
Pros & Cons
Why is it worth it?
Large Funding
Over $64 million invested, showing strong financial support.
Top VC Support
Supported by prominent Tier-1 Venture Capital firms, indicating confidence in the project.
Unique Position
Few strong competitors in the market, boosting the project's chances of success.
Attracting Big Players
Draws individuals with large deposits, showing its appeal and trustworthiness.
Risks to consider
High Entry Barrier
A minimum of $500 is needed to join staking pools, limiting access for some.
Security Concerns
Early-stage projects face risks of hacking and unauthorized fund access.
Complex Protocol: EigenLayer's intricate system may be challenging for users to understand and use.
How to participate?
Every opportunity has its own rules. Following these closely can significantly increase your chances of qualifying for rewards. Here’s a list of recommendations from our team to help maximize your chances of benefiting from this opportunity.
- Deposit Liquid ETH: The key action is to deposit your liquid ETH, like stETH, into the protocol. This needs to be done only once, but your assets will be locked at least for a seven days.
- Earn Points Over Time: The longer you leave your assets without withdrawing, the more points you'll earn, so aim for period of three months or more. Larger deposits also mean more points earned each day..
- Minimum Deposit Amount: To efficiently earn points, your deposit should be worth more than $500 in ETH value.
- Combine with Ether.fi on Linity: You can also participate in the Ether.fi opportunity on the Linity platform. By depositing assets there, you'll earn points for both EigenLayer and Ether.fi. However, this increases the risk of hacks.
- Participate in Project NFT Mints: Users who have deposited assets can also join in Project NFT (Non-Fungible Token) mints, which are exclusive to those who have made deposits.