On April 29th, the Eigen Foundation announced EIGEN, the universal intersubjective work token in EigenLayer. The highly anticipated token launch distributes 5% of the token supply in season 1, with 10% of the token supply to be distributed between seasons 2 and 3.
The snapshot for Season 1 was taken on March 15, 2024. Users who minted primeETH or swapped for primeETH on Uniswap before the snapshot date qualify for EIGEN during season 1 of the campaign. The majority of users qualify for Phase 1 of the Stakedrop, which is reflected on the eligibility tracker below.
LRT holders that interacted with advanced DeFi protocols, such as Pendle or Equilibrium, must wait until Phase 2 of the Stakedrop to view their allocation. Regardless of whether you qualify in Phase 1 or Phase 2, the amount of EIGEN earned is proportional to your EigenLayer Restaked Points.
Checking your EIGEN allocation is a straightforward process for users in jurisdictions where the Eigen Foundation claims page is accessible. Simply enter your wallet address on the Eigen Foundation claims page, and your token allocation will be displayed based on your wallet activity.
The Eigen Foundation has blocked certain jurisdictions from accessing the claims page, but other websites have added support to check your EIGEN allocation if you’re unable to access the Eigen Foundation website.
The simplest way to check your EIGEN allocation is through DeFi Llama’s airdrop dashboard. To view your eligibility, navigate to “check airdrops for address” and paste your Ethereum address into the popup tab.
Around 10% of the Season 1 EIGEN allocation will be dispersed as part of Phase 2 of Eigen’s Stakedrop. While most PrimeStaked users are eligible for Phase 1, certain users will need to wait until Phase 2 to claim their tokens.
Users who participated in complex DeFi transactions on unresolved contracts must wait for Phase 2 to claim their tokens. This includes users on Pendle, Equilibrium, Penpie and similar protocols that split LRTs into multiple assets or derivative assets.
For more information on Phase 2, check out Eigen’s FAQ doc.
EigenLayer’s Season 2 Stakedrop commenced on March 15th, following the snapshot for Season 1. Season 2 rewards will work similarly to season 1, with 5% of the total EIGEN supply being allocated to the next season. PrimeStaked users are automatically earning points towards the Eigen Foundation’s next Stakedrop, so no action is required to qualify for future EIGEN rewards.
EIGEN claims open on May 10th and will remain claimable for 120 days, until September 7th, 2024. At launch, EIGEN will be non transferable, which you can read more about here.
For further information, we encourage you to read EigenLayer’s resources regarding the EIGEN token generation event. Find some helpful resources below:
