EigenLayer, the second-largest protocol with $15.67 billion in total value locked (TVL), has finally revealed the details of its long-awaited "stakedrop," leaving some users disgruntled and others appreciative. The protocol's announcement on Monday unveiled a 15% allocation of EIGEN tokens to the community, with 5% designated for early users who participated in Season One. However, the remaining allocation will be distributed in subsequent "seasons."

While some users have expressed dissatisfaction with the relatively small allocation, others have taken issue with the non-transferable token structure, aggressive geo-restrictions, and a seemingly short snapshot period. The tokens, although claimable starting from March 10, will not be transferable or saleable until a later, undisclosed date. This restriction aims to ensure the establishment of key features like payments and slashing parameters before EIGEN becomes transferable among users.

Furthermore, the linear distribution model, which directly correlates the number of points users earn with the number of claimable EIGEN tokens, has drawn criticism for unfairly favoring large restakers. Additionally, the protocol's harsh geographic restrictions, excluding users from 30 countries, including the United States, Canada, China, and Russia, have sparked discontent.

Despite the criticism, some users, like Henrik Andersson, Chief Investment Officer of Apollo Capital, consider EigenLayer's 15% allocation to users as "generous" and appreciate the clarity of the distribution model. Andersson believes the linear distribution approach is the fairest way to prevent issues related to Sybil attacks.

The mixed reactions to EigenLayer's airdrop announcement highlight the complexities and challenges of token distribution and community engagement in the cryptocurrency space. As the protocol continues to evolve, it remains to be seen how these decisions will impact its growth and user adoption.