cryptonews.net
The Eigen Foundation has started the second phase of the EIGEN stake drop, which is a significant step in its token distribution roadmap. This launch is not only the finale of Season 1 but also the further developments in the protocol’s progression. As part of EigenLayer’s ongoing development, the foundation has officially opened claims for the second phase of the EIGEN stake drop. This phase contributes to the total distribution for Season 1, to around 113 million EIGEN tokens, which is 6.7% of the allocated supply for stake drops.
The high participation rate during Phase 1, where more than 88% of EIGEN tokens were staked, shows the dedication to EigenLayer’s mission. In connection with the opening of Phase 2, the Eigen Foundation has set aside 10 million $EIGEN for the promotion of this phase. For instance, the first set of users likely to claim within the first twenty-four hours from the time the app is launched are entitled to a 2.5x increase in their token allocation.
The EIGEN token plays a crucial role in the functioning of Actively Validated Services (AVS), with potential use cases spanning from data accessibility to artificial intelligence, and decentralized storage. Through EIGEN staking, these services are accelerated in their development and ensured in their reliability.
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