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  • Blockchain Timeline

EigenLayer set to release native token in 10 days

The restaking protocol announced the launch of its native token EIGEN on May 10th. The token will be released through the independent non-profit Eigen Foundation and have a total supply of 1.67 billion.


The protocol plans to allocate 15% of the token supply to those who staked using the platform. These tokens will be released gradually through multiple seasons. The first season will hand out 5% of total supply.


A whitepaper was also released today describing the structure of the EIGEN token and how it will fit within the EigenLayer ecosystem.

Allocation

Group

45%

Community

29.5%

Investors

25.5%

Early Contributors


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