Users can now claim EigenLayer's native token, but the team previously said that EIGEN will remain non-transferable.
The 120-day period to claim EIGEN opened on May 10 and will continue through September for EigenLayer's first “Stakedrop” phase.
Participants can secure 6.05% of the token supply of 1.67 billion during the distribution, while the second phase allocation will increase the available tokens by 0.7%.
Special layer It plans to share 113 billion EIGEN tokens to eligible users who have deposited Ether (ETH) on the staking platform for several months. According to the EIGEN Foundation, the allocation will be spent over multiple seasons, and users will receive 15% of the total EIGEN supply.
However, the roadmap has sparked discontent within the cryptocurrency community, as claimants cannot send EIGEN via wallets, and certain regions are geo-blocked from the airdrop.
Users in the United States, Canada, and regions in Africa and Asia cannot access the claims site. Typically, a VPN circumvents this block, but VPN users have been blocked as well, requiring further scrutiny of the EigenLayer protocol.
The controversial EigenLayer drop is one of several token distributions that have rocked the cryptocurrency community in Q2 2024. LayerZero has also received backlash for its anti-Sybil regulations and “Report for Profit” initiative.
Elsewhere, experts question the promise of the EIGEN token and how the stable giant has contributed to the Ethereum ecosystem. Finder Galaxy Christine Kim He said on X that the protocol's white paper left a lot to be desired and also questioned the issues identified by the team.