Update about Season 2 claim checker and airdrop!
We have some good news and some bad news.
First the bad news: The claim checked is being delayed until tomorrow, Saturday evening, July 6th.
Now the good news: The season 2 airdrop will include a top up of up to 150 ETHFI for
An update on the
@eigenlayer
Season 2 StakeDrop!
$EIGEN claim checker is live for eETH restakers at
🗓️ EIGEN StakeDrop
• Aug 15th: Snapshot
• Sep 16: Claims live for users who directly restaked with EigenLayer
• Sep 19: $EIGEN claim checker live for
Season 3 Claims Update!
$ETHFI claim checker is now live for eETH restakers at
🗓️ Season 3:
• Sep 15: Snapshot taken
• Sep 20: ETHFI claim checker live for restakers
• Sep 23-27:
The Foundation has done a write up of the current and future features designed to enhance the utility, market dynamics, and user engagement of the ETHFI token. We have implemented the following:
✅ ETHFI Token Buyback and LP Seeding
🥩 ETHFI Staking
🗳️
Season 2 claims will be available next week. The labs team is working diligently to implement feedback given from the claim checker to ensure accurate allocations are given to users. We will go live once we are confident accurate allocations have been given, including sybils
🎉 The Season 2 claim checker is LIVE! 🎉
The Highlights:
⏩ Over 53 million tokens are distributed for Season 2 base allocations.
⏩ Additional tokens will be used from the Treasury for smaller staker top ups.
1⃣🧵
With the season 2 claim of ETHFI on Arbitrum approaching, 200k ETHFI will be moved from Arbitrum to Binance to support direct deposits and withdrawals. Following the deposit, the funds will be returned back to Ethereum Mainnet
✅ The foundation has purchased 46 ETH worth of ETHFI per the proposal passed in June -
🏦 The purchased ETHFI has been deposited into a weETH/ETHFI curve pool -
The protocol earned US$2.19M of revenue in August. A total of 5% of this revenue will be allocated to the $ETHFI buback and LP seeding program. The purchase of $ETHFI will be completed by September 15th. Transaction details will be provided once executed.
We have updated the vesting claim periods for Season 2 ETHFI. The next claim will be available this Thursday, July 25 at 00:01a UTC. Please visit for the updated schedule
In July, the protocol earned $2.58M of revenue. A total of 5% of this revenue will be allocated to the $ETHFI buyback and LP seeding program. The purchase of $ETHFI will be completed by August 15, and details on the transaction and method of providing
✅ The foundation has used 42.29 ETH from August revenue to purchase 74,760 $ETHFI.
🏛️ The purchased $ETHFI has been paired with WETH and deposited into the
@ArrakisFinance
Palm Vault -
Our first community proposal is live! The proposal aims to increase ETHFI liquidity on chain and boost treasury holdings. Get more details and vote now at
ETHFI will be moved into separate multi-sig wallets over the next 2 days to better segregate funds held by the Foundation and provide more transparency for our community.
For a full breakdown of the new wallets and what they relate to, see further details here:
ETHFI is now being restaked on
@Symbioticfi
. ETHFI stakers will now earn , Karak, and Symbiotic points when they stake. The ETHFI that is staked will help secure the oracle and cross-chain Networks that are being built on Symbiotic.
The other good news is that this delay gives us enough time to ensure that ETHFI staking to ready to go as part of the Season 2 claims process!
We’ve got some very exciting news to share about how that will work, so please stay tuned over the next few days.
Apologies for the
The protocol earned US$2.58M of revenue in July, and has used 5% of these earnings to purchase $ETHFI.
This $ETHFI purchased has been deployed for on-chain liquidity through an
@ArrakisFinance
liquid staking vault to manage liquidity for WETH/ETHFI pair
The claim checker will go live tomorrow evening, Eastern time.
You will be able to check your base allocation and your top up. If you are eligible for a top up you will be able to attest that you are not part of a sybil cluster.
You will have to attest in order to be eligible
In order to claim the airdrop you will need to attest that your wallet is not part of a sybil cluster.
If you falsely attest, you will lose your airdrop along with ALL wallets that are part of that sybil cluster.
If you did sybil, that's fine. You can still claim your base
New post on our discourse from
@chaos_labs
, providing analysis on building an actionable AVS onboarding methodology for . This methodology will empower the community to take a proactive stance towards the management of AVS risks in ,
🗒️ The new framework for AVS onboarding to has been put forward by
@chaos_labs
. We encourage new AVS partners applying for an allocation from to use this template when presenting themselves to the community.
5/7 How to delegate:
We’re awarding a badge worth 200k points to those who delegate within the next week!
Delegation can be done by visiting the Agora page:
3/7 What are Delegates?
Delegates are trusted community members who vote on proposals and decisions on behalf of token holders, allowing their voices to be heard through a trusted representative.
4/7 Why Delegates?
- Enable efficient and inclusive governance.
- Allow token holders to participate indirectly.
- Empower knowledgeable members in decision-making.
- Ensure decisions reflect the community’s best interests.
One of our core principles is to do the right thing for the Ethereum community, always. Sending our token to the Protocol Guild ensures the long term success of the network. We hope others will follow suit.
For those who have not read our principles, we have put them below. We've followed these principles since Day 1.
We take our ethics seriously and want the community to hold us accountable for living up to the following:
1. Decentralization is a primary objective. We will never
7/7 delegates rollout:
- Initial Phase: Early adopters and active members set the groundwork.
- Expansion: More community members will be invited to become delegates.
Visit our docs to learn more on how to get involved
2/7 We are excited to announce the introduction of delegates into the ecosystem. This initiative aims to empower community members to play a more active role in shaping the future of .
Some, but not all users, will be prompted to complete an attestation that they are not filthy sybils if they wish to claim their total topped up allocation, as per our previous announcement.
Sybil detection is in partnership with
@chaos_labs
. Sybils and other bad actors who
Again, our goal is to reward genuine supporters of , and we feel it’s important to take the time to ensure that we do that, and we have utility such as ETHFI staking ready to go as part of this Season 2 claims process!
4⃣
⏭️ In the coming days, you will see transactions moving locked investor and core contributor tokens to the custody contracts, ensuring security and transparency of allocations.
4/6 Building Governance: The Proposer will submit proposals for community voting, with a Multi-Sig Committee overseeing implementation and handling of any emergencies. The first proposal will be coming soon for voting along with the launch of delegates 👀 Stay tuned!
2/6 The Foundation is committed to decentralization and innovation through community collaboration. We’re excited to announce the launch of our phased governance framework to empower the community in shaping our protocol’s success.
5/6 Phased Implementation: Governance mechanisms will roll out in phases, fostering independent decision-making and expanding our ecosystem towards full decentralization.
3/6 Our governance model enables community voting on protocol upgrades and treasury spending. The goal is to ensure secure, efficient, and accountable decision-making.
The Details:
This is a checker, not the final claim allocation. We may have missed something, and this gives the community a way to review and let us know.
If you see any issues with your allocation where you think we’ve miscalculated, let us know through our form here:
1/ The launch of a dedicated Analytics and Risk portal, providing a comprehensive view of the
@ether_fi
restaking protocol and its delegation of stake.