Eigenlayer is a protocol built on Ethereum that helps people who own Ethereum to keep their money safe and earn more rewards. With EigenLayer, people can use their Ethereum to help many different services stay safe at the same time. Eigen’s airdrop is already live and people are already earning points for it. Here’s our guide to alternatives on how to get the EigenLayer token airdrop.
What is EigenLayer?
EigenLayer is a protocol that introduces a new primitive in cryptoeconomic security called restaking. This primitive enables users to reuse their ETH on the consensus layer and extend cryptoeconomic security to additional applications on the network. Users who stake ETH natively or with a Liquid Staking Token (LST) can opt-in to EigenLayer smart contracts to restake their ETH or LST and earn additional rewards.
What is interesting about EigenLayer is that they have raised $50 million in Series A funding led by Blockchain Capital. Other notable investors include Finality Capital, Electric Capital, Polychain Capital, Hack VC and Coinbase Ventures. With Coinbase Ventures backing EigenLayer, there is strong speculation that their token will be listed on either Coinbase or Binance.
How to get a potential EigenLayer token airdrop
To get the potential EigenLayer token airdrop, simply connect to https://app.eigenlayer.xyz/ and connect your wallet. Then, click into your preferred pool, enter the amount of tokens you wish to deposit and click “Deposit”.
However, Liquid Restaking deposits are currently paused on EigenLayer because it is full. They sometimes reopen, but when it does, it is only for a few hours at a time. So it is importantly to SUBSCRIBE to Boxmining+ because we will be the first to let you know when it does!
There is an alternative solution to getting the potential EigenLayer token airdrop if liquid restaking deposits are full. However, there is a risk of using Ether.fi as a backdoor to getting into the EigenLayer token airdrop. This is because EigenLayer has not officially supported this as an alternative to getting the EigenLayer token airdrop.
Here’s how to get a potential EigenLayer token airdrop if EigenLayer deposits are paused:
- Connect to Ether.Fi.
Connect your wallet to https://www.ether.fi/.
- Use our referral code to earn EXTRA POINTS
Click https://app.ether.fi/eeth?address=0xcD70c83f22de83aa2cbc0eA0e86A8ef1562D6263 to activate our code which will give you EXTRA POINTS
- Stake ETH
Choose the amount of ETH you wish to deposit and click “Stake”. But make sure the transaction fees are not expensive when staking. This is because they could be more than what you may potentially get from this airdrop.
You will get eETH when you stake ETH on Ether.fi.
- Earn rewards
You will earn the following rewards for staking on Ether.fi: APR, restaked APR, ether.fi loyalty points and Eigenlayer points.
- Withdraw your staked ETH
You can withdraw your eETH on the “Stake” tab. Note that it takes around 7 to 14 days to claim your withdrawn funds. Although you will not lose any funds when withdrawing.
Alternatively, if you don’t want to wait 7 to 14 days to claim your eETH you can also immediately swap your eETH for an alternative cryptoasset using any decentralized exchange. However, you will need to pay exchange fees for this.
AltLayer airdrop for EigenLayer restakers and ecosystem partners: How to claim?
AltLayer announced details of their Airdrop Season 1. A total of 300 million $ALT tokens (i.e. 3% of the total supply) will be airdropped. They have taken a snapshot at 12:00:11 on 17th January 2024 (UTC), and the AltLayer airdrop will be available to claim from 25th January to 25th February 2024. Of the $ALT tokens to be airdropped, 13.05% (i.e. 39.15 million) $ALT will be airdropped to EigenLayer Restakers. And 4.49% (i.e. 13.47 million) $ALT will be distributed to EigenLayer Ecosystem Partners.
For EigenLayer Restakers, you must have at least 720 Restaked Points to be eligible for the AltLayer airdrop.
AltLayer $ALT token claims are now open and can be claimed HERE. To claim your airdrop, enter your Ethereum address and click “Check”.
EigenLayer airdrop review
When reviewing an airdrop, there are several factors to consider. First, the likelihood the project will even do an airdrop in the first place. Then, to look at how many tokens the project intends to allocate towards airdrop campaigns, as well as the difficulty in participating in their airdrop. It is also important to look at the utility of the token so that there will be an actual use and purpose in participating in the airdrop in the first place. Finally, a factor to consider when reviewing an airdrop is whether the airdropped tokens are subject to any lockup period.
Likelihood of airdrop: The EigenLayer airdrop is now live. Participants are already doing tasks and getting points!
Airdropped token allocation: The EigenLayer airdrop allocation is unknown.
Airdrop difficulty: The EigenLayer airdrop requires users to deposit ETH onto their platform. But deposits are currently closed. We have an alternative which is to deposit on Ether.fi instead, but EigenLayer have not confirmed this is an official method to getting their token airdrops.
Token utility: The EigenLayer token utility is unknown.
Token lockup: There is no information on the EigenLayer token lockup yet.