EigenLayer, a leading Ethereum restaking protocol, has announced its upcoming token airdrop and the introduction of a new staking security system. The platform will distribute its native token, EIGEN, with a total supply of 1.67 billion, managed by the Eigen Foundation. The distribution plan includes various categories, with 15% allocated to stakedrops for rewarding users who lock up ETH on EigenLayer’s protocol.

Key Points:
– EigenLayer to airdrop EIGEN tokens in two phases
– Total supply of EIGEN set at 1.67 billion
– 15% allocation for stakedrops to reward stakers
– Season one snapshot taken on March 15, with 90% of airdrop claimable by May 10
– Season two to follow with the remaining 10% of stakedrop allocation

In addition to the token distribution, EigenLayer will introduce a 120-day window for season one claimants, during which the EIGEN token will be non-transferable to encourage community engagement in governance. The platform also plans to release EigenDA, a data availability solution, as a complementary layer to the restaking protocol.

Moreover, EigenLayer has set aside allocations for community initiatives, ecosystem developments, early contributors, and investors. Early contributors and investors will have a three-year vesting schedule, with 4% of holdings unlocking monthly over the last two years.

EigenLayer is also pioneering inter-subjective forking to enhance ETH restaking security by addressing subjective faults and simplifying validator activity. This innovative approach aims to improve the overall efficiency of restaking transactions.

Stay updated with EigenLayer’s latest developments and news on Global Crypto News.

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