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Explaining Phase 2

Who is eligible in Phase 2?​

DeFi adventurers who used Kelp, Pendle, Equilibrium, or similar before March 15th.

Where and when can I check my Phase 2 allocation?​

Phase 2 rewards can be checked and claimed at claims.eigenfoundation.org directly.

Is Phase 2 penalized compared to Phase 1?​

No, the Phase 2 allocation is treated the same as Phase 1. The Eigen Foundation reserved an allocation for each LRT protocol based on its interactions with the EigenLayer protocol. For these LRT protocol allocations, we followed the same criteria as Phase 1. No penalty was applied.

In Phase 1, and Season 1 overall, four factors were considered for allocation:

  • Duration: length of time
  • Amount: amount of stake
  • Earliness: relative earliness compared to others
  • Loyalty: whether they maintained the stake

Most Phase 2 users began participating in the broader EigenLayer ecosystem 6 weeks before the snapshot date.

However, no user is treated differently based on the types of applications they participated in.

What is the claim window for Phase 2?​

The claim window for Phase 2 is open today (June 19th, 2024) and will close on September 7, 2024.

Why is Phase 2 necessary?​

EigenLayer's ecosystem has become complex, with users interacting in diverse ways. While our Season 1 focus was on direct interactions, some involved DeFi protocols (like Pendle, Equilibrium) where identifying the appropriate end user for rewards was challenging.

To prioritize fairness and remain a neutral platform, we believe the best approach is to empower the LRT projects you used. They understand your specific interactions and can make the most informed decisions about your allocation within Phase 2.

How much EIGEN is being distributed in Phase 2?​

The total distribution for Season 1, including Phase 2, is about 113 million EIGEN, representing a significant portion of the 15% total EIGEN supply set aside for stakedrops.

What percentage of the total EIGEN supply is allocated for Phase 2?​

Phase 2 distributed ~10M EIGEN, 0.67% of the initial token supply.

Why can’t I access the claims page?​

If you are attempting to access the claims page and are routed to a page that looks like the below, you may be located in prohibited jurisdiction, like the United States:

Page Not Available

If you are attempting to access the claims page and are routed to a page that looks like the below, our site has detected the use of a virtual private network:

Page Not Available

Please turn off your VPN and try accessing the claims page.

How are the Phase 2 allocations determined?​

The Eigen Foundation reserved an allocation for each LRT protocol based on its interactions with the EigenLayer protocol. For these LRT protocol allocations, we followed the same criteria as Phase 1. No penalty was applied.

The specific allocation provided for your address was determined by the relevant LRT protocol. Each LRT protocol produced its own allocation list with respect to its end users. Detailed descriptions of each LRT’s methodology are expected to be openly shared.

Eigen Foundation conducted a sybil analysis and risk analysis to finalize the eligible addresses and their corresponding claims.

Please note that Eigen Foundation is not affiliated with any LRT project, team, or protocol.

What should I do if I have questions about my eligibility or allocation?​

For questions regarding your eligibility or allocation, please contact the respective LRT project you interacted with.

Will I receive a 100 EIGEN bonus for participating in Phase 2?​

Yes, all Season 1 users, including Phase 2 participants, will receive a 100 EIGEN bonus. However, please note that no user will receive the bonus twice. If you already received the 100 EIGEN bonus, you will not receive an additional bonus in Phase 2.

Can I stake and delegate my EIGEN tokens?​

Yes, there are third-party applications that can assist you in staking and delegating your EIGEN to secure EigenDA and support other Actively Validated Services (AVSs).

What is the unstaking period for EIGEN?​

Many staking protocols, such as Ethereum, use unstaking delays to support security. EigenLayer incorporates a 24-day delay for unstaking as a security measure.