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Eligibility: Season 1

Who is eligible for Season 1?​

Users who interacted with the broader EigenLayer ecosystem, directly and indirectly, before March 15, 2024 are eligible for Season 1. This includes

  • users that directly restaked ETH or LSTs on EigenLayer before March 15th;
  • LRT users before March 15th, including LRT users that are eligible for Phase 2 in mid-June;
  • certain Goerli stakers and operators.

Who is eligible for Phase 1 of Season 1?​

  • Users who directly restaked into EigenLayer. Specifically, users who created EigenPods or staked LSTs directly via app.eigenlayer.xyz.
  • Most LRT users before March 15.
  • Certain Goerli stakers and operators (no future testnets will be incentivized)

Season 1 Token Distribution​

EigenLayer's Season 1 token distribution uses a two-phase approach to reward everyone who interacted with the platform fairly.

Understanding the Phases​

Phase 1 (of Season 1)

  • Included: Users who staked ETH or LSTs directly on EigenLayer, or through Liquid Restaking Tokens (LRTs) before March 15th, 2024.
  • Allocation: Rewards are distributed based on interaction criteria (see our blog post for details).

Phase 2 (of season 1)

  • Included: Users who interacted with EigenLayer through more complex channels (e.g., DeFi protocols like Kelp, Pendle, Equilibrium) before March 15th, 2024.
  • Allocation: LRT projects will assist in determining fair distribution. More details on this process will be released soon.
  • Claiming: Starts June 19th, 2024 and closes on September 7, 2024.

Key Points

  • LRT users are included in both phases. Using an LRT doesn't inherently reduce your rewards.
  • No advantage exists between phases. Rewards are based on your interaction with EigenLayer, regardless of the phase.

In total, approximately 113 million EIGEN tokens will be distributed in Season 1.

Who will receive the 100 bonus EIGEN?​

Everyone who is a part of the Season 1 Stakedrop, and users who directly staked ETH or LSTs on EigenLayer between March 15th and April 29.

Why the additional 100 EIGEN allocation?​

We're incredibly grateful for the support of our early adopters. You believed in EigenLayer's vision, and your contributions have been instrumental in our journey. As a thank you to our entire community, we've decided to allocate an additional 100 EIGEN tokens. Initially, our allocation approach prioritized a mostly-linear distribution. However, after listening to your feedback, we wanted to show even more appreciation for those who supported us from the beginning, regardless of the amount of ETH restaked.

Important Note: To ensure a balanced and equitable system going forward, we won't be offering further per-address EIGEN bonuses.

What happens to unclaimed tokens?​

If tokens are left unclaimed, they'll be used in future stakedrops.

Will there be more stakedrops?​

We have set aside 15% of the initial EIGEN supply for all seasons (including Season 1). Season 2 is well underway. Check our website eigenfoundation.org and X account @eigenfoundation for updates on any future seasons.

When was the Season 1 snapshot?​

The snapshot was taken on Block #19437000 (March 15, 2024 01:11:35 UTC).