EigenLayer EIGEN Token Claims Begin; 11M Claimed, Non-Transferable Initially

May 10, 2024, 04:51 PM

The EigenLayer ecosystem has initiated a significant phase with the opening of claims for its native token, EIGEN, starting from May 10, 2024, at 1:00 p.m. ET. This development allows stakers to claim, stake, and delegate EIGEN to an EigenDA operator. At launch, EigenDA will be the exclusive Automated Verification System (AVS) utilizing an EIGEN quorum, with expectations for other AVSs to adopt similar mechanisms soon. The claims process has seen a robust start with 11 million EIGEN tokens claimed in the initial hours out of a total of 72 million available in phase 1. Additionally, a bonus of 100 EIGEN tokens, valued at approximately $900 pre-market, has been granted to most users. It is important to note that the EIGEN tokens will remain non-transferable for a time.