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Market
How will the $1.8 billion for Seasons 2 and 3 in Eigenlayer be handled by the end of Season 3?
4
Resolution / Starting Odds
Fully distributed as planned • 33%
Partially distributed due to issues • 33%
Redistribution or restructuring of funds • 34%
Official reports from Eigenlayer and financial news
Story
Eigenlayer Ensures 110 Tokens for 280,000+ Wallets, Hits $16B TVL Amid Controversy
May 2, 2024, 10:08 PM
Eigenlayer's recent announcement of the EIGEN token 'stakedrop' led to a peak total value locked (TVL) of over $16 billion. However, the rollout has sparked controversy and confusion among users. Despite the high valuation of $18 billion, there was significant backlash over the initial communication and understanding of the token's value and purpose. In response, Eigenlayer adjusted their strategy, offering an additional 100 EIGEN tokens to those who deposited before April 29, ensuring a minimum allocation of 110 tokens per wallet for over 280,000 wallets. This adjustment will take effect after the tokens become tradable on September 30, 2024. Additionally, $903 million was given to wallets in Season 1, with $1.8 billion set aside for Seasons 2 and 3.
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