The EigenLayer Token-Claim Process
The Ethereum restaking protocol EigenLayer has recently launched its token-claim process, commonly known as an “airdrop,” for Season 1, Phase 1 rewards. As per a recent blog post by the EigenLayer development team, eligible users can now begin acquiring the new EIGEN token through the claims process after a period of eager anticipation.
However, it’s crucial to understand that at present, EIGEN tokens are nontransferable, preventing users from selling or trading them. The blog post also mentioned that the EIGEN token will transition to a transferable status once the development team introduces new features over the next few months, with a target date set for September 30.
Users are reminded to claim their tokens before the process closes on September 7, as any unclaimed tokens post that date will not be distributed. It’s worth noting that users in over 30 jurisdictions, including the United States, Russia, China, and Canada, are not eligible to claim the EIGEN token.
- Users must claim tokens before September 7 to avoid missing out.
- Various jurisdictions are restricted from participating in the token-claim process.
Controversy Surrounding the Eigen Airdrop
The ongoing EIGEN airdrop has sparked debates within the decentralized finance (DeFi) ecosystem. Leandro Schlottchauer, co-founder of Kuyen Labs, described it as potentially one of the last “life-changing airdrops.” However, some EigenLayer users have criticized the airdrop for its ban on VPN servers, distribution of nontransferable tokens, and perceived short snapshot period.
“It’s crucial to assess the implications of the EIGEN airdrop within the DeFi space,” says Leandro Schlottchauer.
