What is an EigenLayer airdrop?

The EigenLayer airdrop signifies the distribution of free EigenLayer tokens to the qualified participants. This move is aimed to kickstart the adoption of the EigenLayer ecosystem and incentivize people interested in staking the already staked Ethereum to secure the diverse fecentralized applications (DApps) and protocols associated with the Ethereum network.

How can I participate in airdrop?

Participating in crypto airdrops comes with highly specific requirements. For instance, if you take the EigenLayer airdrop into consideration, staking in EigenLayer is the primary criterion. The more staked Ethereum you push into the EigenLayer ecosystem, regardless of the custody options, the higher your chances of getting airdrops.

Does EigenLayer have a token?

Yes, EigenLayer has announced or rather unveiled its native EigenLayer token — EIGEN. Meant to facilitate a handful of governance-specific activities, interaction with AVS, and other activities, this native token will make its way into user wallets via airdrops. EIGEN, within the EigenLayer ecosystem, will also help generate staking rewards. In time, it is expected to have DeFi-specific use-cases.

What are the benefits of participating in an EigenLayer airdrop?

EigenLayer airdrop is a way to get more people associated with the ETH 2.0 upgrade vision by incentivizing them to restake. With restaking, it is possible to passively secure a host of DApps and protocols on Ethereum without actively validating them using nodes and networks. Plus, this airdrop brings community involvement into the mix.