Airdrop a bunch of tokens that cannot be transferred, it's better to continue using loyalty points PUA users👀

$EIGEN Airdrop Rules TL;DR

Snapshot time: 2024/3/15

Withdrawal time: 3/10~9/7 (within 120 days)

Season 1 airdrop is divided into Phase1, Phase2, sharing a total of 5% of $EIGEN

Phase1: 4/30~3/10

Users who directly pledge on Eigenlayer, as well as Renzo, Swell, Puffer, Etherfi, can receive 90% of Season1 allocation

Phase2: 3~4 weeks after Phase1 ends

Adopt Defi protocols using LRT, such as Pendle, can receive the remaining 10% of Season1 allocation

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Why is the community so dissatisfied?

The majority of the airdrop was distributed to pledgers and LRT holders. Users who use Pendle and other Defi protocols adopted by Eigenlayer only received a tiny portion of the airdrop.

However, the reality is that the 10% is the result calculated by the Eigen Foundation through these Defi, not an arbitrary number.

However, it is quite difficult to calculate user points through complex protocols like Pendle. The distribution method of Season 1 seems more like the foundation calculated that these users only received 10% in total, so they simply postponed the distribution time and calculated slowly.

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Airdropped tokens cannot be transferred!

Although the tokens can be claimed on 5/10, they cannot be transferred or traded, basically locked indefinitely.

Moreover, the geographical restrictions for this airdrop are very strict, listing a whole page of "excluded regions."

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I have to say, the past project airdrops were really much more generous than they are now. Holding ENS domain names would give you thousands of U. Without loyalty points PUA, there wouldn't be a bunch of geographical restrictions.

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