Mantle Distributes EIGEN Airdrop to USDe Holders in Pendle

Bittime - Mantle has successfully distributed the EIGEN airdrop to users holding eligible USDe on the Pendle platform. 

What are the distribution details for this EIGEN airdrop? Read this article to find out more!

EIGEN Airdrop Distribution

Mantle announced that all EIGEN airdrops have been distributed to eligible USDe holders on Pendle via the Mantle network. 

This airdrop marks the completion of two major phases of EIGEN's airdrop distribution. The first and second phases have distributed a total of 2,098,636.67 EIGEN tokens.

Today, users holding eligible USDe positions in the Pendle pool via the Mantle network can see the total rewards in their Ethereum wallet. 

Read Also: Final Qualification Page for Airdrop Grass will Launch on October 21st!

EIGEN Airdrop Distribution Details

This prize distribution includes a total of 50,000 EIGEN tokens earned through Mantle's collaboration with Pendle. 

This collaboration awards daily points to users holding positions in USDe/YT-USDe pools on the Mantle network, with point accumulation taking place from April 2 to July 25, 2024. 

Every day, users earn 0.0012 EigenLayer points for every USDe/YT-USDe they own.

EIGEN Airdrop: Service Fee for Pendle

One interesting aspect of Pendle's revenue model is that there is a 3% fee on all proceeds earned through YT (Yield Token). 

Therefore, of the total 50,000 EIGEN tokens, 97% (48,500 EIGEN) is distributed to users, while 3% (1,500 EIGEN) is set aside for Pendle as a service fee.

This collaboration between Mantle and Pendle provides a unique opportunity for users to earn higher returns through the Pendle platform. 

Read Also: Sonic Airdrop: Get 200 Million $S Tokens By Playing Sonic Arcade

How to Buy Crypto with Bittime

Want to trade, sell and buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.