KEY TAKEAWAYS
- AltLayer receives a 1 million EIGEN token grant from the Eigen Foundation for its contributions to the EigenLayer ecosystem.
- The grant will be distributed to the AltLayer community, with the first 500,000 tokens allocated to reALT token holders.
- Eligibility for the airdrop excludes participants from certain regions, emphasizing the need for understanding terms and conditions.
- AltLayer’s grant allocation underscores its commitment to community support and the growth of the EigenLayer ecosystem.
AltLayer has been awarded a retroactive grant of 1 million EIGEN tokens by the Eigen Foundation. This grant acknowledges AltLayer’s significant contributions to the EigenLayer ecosystem, as announced here.
AltLayer has been actively involved with EigenLayer since its early stages, contributing as an AVS builder, operator, technology contributor, and more. The grant highlights Eigen Foundation’s commitment to rewarding projects that enhance the ecosystem and encourages long-term contributions.
Token Distribution to AltLayer Community
The entire 1 million EIGEN token grant will be allocated to the AltLayer community. The first tranche of 500,000 tokens will be distributed to holders of reALT tokens. To qualify, users must have held or deposited reALT tokens on EigenLayer during the specified period from May 9, 2024, to December 12, 2024.
The remaining 500,000 tokens will be distributed next year when EigenLayer’s reward mechanism (v2) is launched on the mainnet. The airdrop can be claimed from December 20, 2024, to February 20, 2025. Participants are advised to use the official claim website and be cautious of phishing links.
Eligibility and Disclaimer
Community members from certain regions, including the United States, Canada, China, and other sanctioned territories, are not eligible for the airdrop. Participants are responsible for understanding the terms and conditions and are encouraged to seek professional advice before participating.
AltLayer’s decision to allocate the grant to its community reflects its gratitude and commitment to those who have supported its mission. The grant is seen as a celebration of the entire EigenLayer ecosystem and its community of innovators.
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