The team behind restaking protocol EigenLayer dropped a white paper for a native token on Monday.

The Eigen Labs team went into detail about the structure of the EIGEN token in a 43-page paper. The token will be distributed by the Eigen Foundation and the supply will sit at 1.67 billion at launch, according to a statement provided to The Block. 

45% of the tokens were allocated to the foundation’s community, while stakedrops, community initiatives and ecosystem development have each been allocated 15%.

Early investors are set to receive nearly 30%, while early contributors receive 25.5%. 

According to the Eigen Foundation, season one will focus on users who have staked directly with…

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