The much-anticipated re-staking protocol Eigenlayer has released a full 43-page white paper on the native token EIGEN on Github today. The content includes how the token integrates into the ecosystem and its specific uses. The newly established independent non-profit organization Eigen Foundation will Be the entity that issues tokens.
Table of contents
ToggleEIGEN Token Economic Model
According to the official announcement , the total supply of EIGEN tokens at the time of issuance is 1.67 billion (the total supply has no upper limit, the specific inflation mechanism has not yet been determined, and the current initial estimated annualized inflation rate is 5%). The foundation allocates 45% of the total supply to the community, which can be broken down into: pledge airdrop (15%), future community incentives (15%) and ecosystem development (15%).
Additionally, 29.5% of tokens have been allocated to investors, while early contributors will receive 25.5%. Investors and early contributors will have a total lock-in period of three years for their allocations. It is fully locked in the first year and gradually unlocked at a rate of 4% per month over the next two years.
EIGEN first round of pledge airdrop
When the token is released, the protocol will issue 5% of the initial supply of tokens to those who stake using the Eigenlayer platform. The snapshot has been completed on March 15, 2024. Qualified re-staking participants are expected to apply for token airdrops starting on May 10 (the claim period is 120 days). In addition, the rewards of the first season will be retained. 10%, which cannot be claimed until one month after the start of the second season event. Users can go to this page to view the airdrop number.
