Web3 Watch: EigenLayer announces 86M token airdrop for Season 2

EigenLayer plans to distribute 86 million EIGEN tokens, around 5.1% of its total supply, as part of its Season 2 “stakedrop” campaign. The distribution will be split across three groups:

Stakers and Operators: 70 million tokens are allocated to participants who staked and operated on the protocol.
Ecosystem Partners: AVSs, liquid staking protocols, and other key contributors will receive 10 million tokens.
Community Members: Early advocates and contributors will share 6 million tokens.

The airdrop is based on a snapshot taken on Aug. 15, 2024, with claims opening on Sept. 17, 2024.

Euler launches V2

The DeFi lending protocol Euler launched its V2 deployment on Wednesday.

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