EigenLayer’s Season 2 Stakedrop Unveils 86M EIGEN Tokens to Reward Stakers and Partners

• EigenLayer’s Season 2 Stakedrop offers 86M EIGEN tokens to stakers, operators, and ecosystem partners starting September 17, 2024.
• Participants staking ETH or EIGEN between March 15 and August 15 are eligible for significant rewards, securing long-term value.
• Programmatic incentives, including weekly emissions, aim to sustain rewards and drive TVL recovery as EigenLayer rebuilds trust.

EigenLayer is preparing for its highly anticipated Season 2 Stakedrop, with a major distribution of 86 million EIGEN tokens. This stakedrop targets stakers, operators, and ecosystem partners, with distribution starting on or before September 17, 2024. 

Participants active between March 15 and August 15 will benefit from this distribution, which includes ETH and EIGEN stakers, liquid staking protocol (LRT) users, and the broader ecosystem. The rewards will acknowledge key contributors driving innovation within EigenLayer’s expanding ecosystem.

Distribution Breakdown and Key Stakeholders

EigenLayer has allocated 70 million tokens to stakers and active operators, with each participant’s share determined by their pro-rata ETH stake. Besides, 10 million tokens will go to AVSs, rollups, and other protocol contributors. 

An additional 6 million tokens will reward early community members, open-source contributors, and supporters. To claim, community members must verify their wallet addresses before September 11. This initiative aims to acknowledge the collaborative efforts across the ecosystem.

EIGEN’s Role in EigenLayer’s Vision

The EIGEN token is integral to advancing EigenLayer’s mission of expanding crypto-economic security and building decentralized trust. By staking EIGEN, participants secure innovative services, enabling decentralized enforcement of off-chain commitments. 

Besides, this stakedrop helps strengthen the ecosystem during a challenging period, as EigenLayer’s total value locked (TVL) has dropped from a peak of $20.1 billion to $11.5 billion. The conclusion of major airdrop campaigns and broader industry downturns are key contributors to this decline.

Moreover, EigenLayer plans to introduce programmatic incentives to provide continued rewards for stakers and operators. These incentives include retroactive rewards and long-term models to drive sustainable value. The program will feature weekly emissions of newly minted EIGEN tokens, distributed to stakers, with operators earning 10% of their delegated stakers’ emissions. 

This strategy aims to reinvigorate participation and stabilize TVL. Hence, despite recent challenges, EigenLayer’s vision remains clear—creating a decentralized, secure, and sustainable ecosystem for its growing community.