Ethereum restaking protocol EigenLayer has initiated the second a part of its EIGEN token airdrop, expanding the entire token distribution to practically 113 million EIGEN tokens, which is 6.75% of EigenLayer’s entire present.

Be taught more: What Is EigenLayer? A Handbook to the Decentralized ETH Restaking Protocol

Here’s the second and final a part of EigenLayer’s first airdrop season. It has turn out to be standard for crypto protocols to behavior “seasons” of airdrops where they distribute tokens in a pair of rounds to maximize neighborhood engagement and reward precise users. By spacing out the token distribution over various phases, protocols can help interest and incentivize staunch participation from the neighborhood, whereas additionally identifying and rewarding precise long-period of time supporters. Plans are already within the works for a second season, consistent with a blog post from the Eigen Foundation.

All around the first part, the EigenLayer neighborhood delegated over 88% of their claimed tokens, consistent with the Eigen Foundation. The second part targets users who interacted with DeFi and Liquid Restaking Token (LRT) protocols such as Kelp, EtherFi, Pendle, and Equilibrium forward of March 15. These users can now claim their EIGEN tokens thru the reliable claims site until Sep. 7.

Each and each LRT accomplishing alive to has particular allocations based totally on user interactions with the EigenLayer protocol. All season one contributors, including these within the second part, will receive a 100 EIGEN bonus within the occasion that they didn’t already receive it within the first part.

The EIGEN token targets to enhance the protection and functionality of a form of digital companies by the usage of a varied staking mechanism identified as “intersubjective forking.” This mechanism lets within the token to rep Actively Validated Companies (AVSs) in opposition to faults that are now now not without problems provable onchain however observable by precise contributors.

EIGEN can’t be sold within the marketplace yet, because it’s a “non-transferable” token. It is predicted that the Eigen Foundation will enable the promoting later this yr. On AEVO, a procuring and selling platform that lets in procuring and selling of yet-to-be-launched tokens, EIGEN is procuring and selling at $4.40.

Behold this podcast to dangle more about the EIGEN token:

EigenLayer is already having a wait for the second season with main gains about the next season’s distribution to be released within the arrival weeks.