After the recent launch of the EIGEN Stakedrop, the Crypto Twitter community has been buzzing with opinions about Eigen Foundation's latest endeavor. While some are thrilled, others are approaching it with caution. Despite the mixed reactions, the Eigen Foundation has been gaining significant attention from the media and engaging with users on Twitter.

Following the release of the EIGEN token and the detailed stakedrop plan, the Eigen Foundation received feedback from the community regarding high gas fees and token distribution issues. In response to these concerns, the foundation has decided to distribute an extra 100 EIGEN tokens to over 280,000 users who have interacted with EigenLayer prior to April 29th. These additional tokens will be reflected in user allocations claimed after May 10th, with measures in place to prevent abuse and reward Season 1 users accordingly.

Eigen has made necessary adjustments to address community feedback, emphasizing their commitment to broadening token distribution. By allocating more tokens for the stakedrop in Season 1, Eigen reinforces their dedication to meeting the needs of the community.

Eigen Foundation's Further Explanations

Besides responding to community feedback, the Eigen Foundation has also provided clarifications on important aspects of the stakedrop process mentioned in their initial announcements. Three key areas of clarification include the Timeline for token unlock, details on the lockup period, and the eligibility of testnet users.

Timeline

Previously, Eigen had not specified a date for unlocking the EIGEN tokens. However, they have now set September 30th, 2024, as the official date for token transferability after the new features go live.

Lockup Countdown

In response to community inquiries about fund lockup, the Eigen Foundation confirmed that the team and investor funds will remain locked for one year after token transferability. The team's funds will unlock gradually, at a rate of 4% per month over three years.

Testnet Users

Concerns were raised by testnet users who claimed to have been incorrectly excluded from eligibility. Eigen Foundation has assured that updates will be made to address this issue, with formal communication to affected users coming soon.