Tag Archives: Airdrops

The Ethereum restaking protocol EigenLayer has published a whitepaper with new details about its soon-to-launch Eigen token, which will be airdropped to community members next month. According to the Eigen Foundation’s website, season 1 of the airdrop will distribute 5% of the token supply. Eligible airdrop recipients include those who staked directly with EigenLayer, and those who staked using Liquid Staking Tokens (LSTs). Meanwhile, people who interacted with...

Whether you’re new or a seasoned DeFi user, chances are you have heard the term airdrops every now and then. That’s because airdrops are a popular marketing strategy for DeFi protocols and crypto companies for several reasons: It allows protocols to reward their community members for their activity and engagement in their respective platforms, thus further incentivizing users to stay in the protocol. It helps projects drive awareness and new traffic to the brand and a...