Eigenlayer opened claims for its Season 1, Phase 1 EIGEN token rewards, and Phase 2 is scheduled for mid-June.
The Eigenlayer team launched a claims process for its highly anticipated EIGEN token, but it won’t be transferable to others until further features are added.
Ethereum restaking protocol Eigenlayer launched its token-claim process or “airdrop” for Season 1, Phase 1 rewards, according to a May 10 blog post from the protocol’s development team. The claims process will allow users who are owed the new EIGEN token to finally acquire it, after weeks of waiting. However, EIGEN is currently non-transferable, so users cannot sell it.transferable after the team implements new features in the coming months.
According to Eigenlayer documents, the token is not available to users in over 30 jurisdictions, including the United States, Russia, China, and Canada. Most VPN server addresses are alsoA total of 6.05% of the EIGEN total supply has been unlocked through the claims process, and an additional 0.7% will be unlocked from “Phase 2” starting in mid-June, the post stated.
Users of liquid restaking tokens can also claim their rewards now, as long as their activities are not categorized as part of “phase 2.” In addition, users who restaked on Eigenlayer “between March 15th and April 29th” can claim their 100 bonus tokens now, while the bulk of their claims will be available in mid-June along with other Phase 2 participants.
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