All $EIGEN rewards for users with eligible $USDe positions on Pendle via Mantle Network have been airdropped!

Mantle successfully distributed Phases 1 and 2 EIGEN rewards to eligible $mETH holders last week, totalling 2,098,636.67.

Today, users who held eligible positions in the $USDe pool on Pendle via Mantle Network can now view their total rewards in their wallets on the Ethereum network, and track the transaction hash on the EigenLayer campaign dashboard here.

If you are eligible and unable to view the $EIGEN rewards in your wallet, please manually import the token via search. The $EIGEN token contract address is: 0xec53bF9167f50cDEB3Ae105f56099aaaB9061F83.

Rewards Distribution Breakdown

A total of 50,000 $EIGEN has been accrued through our collaboration with Pendle. The rewards pool was capped at 13,800,000 points, with a daily cap of 120,000 points.

From Apr. 2 to July 25, 2024, users earned 0.0012 EigenLayer points daily for every USDe/YT-USDe in the Pendle pools on Mantle Network.

As part of their protocol revenue model, Pendle charges a 3% fee on all yields accrued via YT. Consequently, 97% (48,500 $EIGEN) will be distributed to users, and 3% (1,500 $EIGEN) to Pendle. Please visit their docs here for more information.

Today, a total of three pools have been launched on Pendle via Mantle Network, including $USDe, $mETH, and even $MNT — making it the first-ever Ethereum L2 token integrated on their platform. Currently, only the $USDe and $mETH pools are active, both expiring on 26 Dec 2024.

Get started on your journey with us today and explore higher yield opportunities like never before.