Eigen Season 2 Case Study

8,226 wallets • 90-day analysis • March 2025

+112% Retention
with zScore
87% Sybil Cut
bot reduction
OptimismEigen LayerEther.fiAAVE V3

Onchain Data Proof - Better Eigen season 2 airdrops with zScore

We analyzed 8,226 wallets from Eigen Layer's Season 2 airdrop, tracking behavior for 90 days post-distribution. The data reveals a clear pattern: wallet quality scores directly correlate with token retention.

Key Finding

Wallets with scores below 250 show 75-85% dump rates, while those above 500 demonstrate 50-100% retention. Clear correlation between zScore and post-airdrop behavior.

Historically low zScore wallets vs Token Dumped After Eigen Airdrop, by Score Bin

Eigen Season 2 • 90-day tracking

Lower score wallets show significantly higher dump counts. Clear pattern: low scores = more dumps.

High Risk: 0-250

Highest dump counts - avoid these wallets

Transition: 250-500

Dump counts decrease but still significant

Quality: 500+

Lowest dump counts - target these users

Business Impact Metrics

Key performance indicators demonstrating zScore effectiveness

+112%
vs traditional airdrops

Token Retention

Users with zScore >500 hold tokens 2.1x longer

-73.5%
reduction in dumps

Immediate Dump Rate

From 68% dump rate to 18% with zScore filtering

87%
fewer bot wallets

Sybil Reduction

Low-score wallets (<250) show 85% dump rate

+180%
more liquidity providers

LP Participation

High-score users provide 3x more liquidity

+242%
longer holding time

Holding Duration

High-score wallets (>500) hold 3.4x longer than low-score (<250)

$2.4M
saved per campaign

Cost Savings

By filtering out low-quality recipients

Without zScore vs With zScore Filtering

Traditional vs optimized distribution outcomes

Token Retention (90 days)

Without
32%
With
68%
+112.5%

Immediate Dump Rate

Without
68%
With
18%
-73.5%

Liquidity Providers

Without
15%
With
42%
+180.0%

Critical Insights

Key findings from the Eigen Season 2 analysis

The 500+ Sweet Spot

Wallets with scores above 500 show a dramatic shift - over 50% demonstrate good behavior vs. under 40% for scores below 500.

Critical threshold for quality recipients

Low Score = High Risk

Scores below 250 show 75-85% dump rates. These are primarily new wallets, test accounts, or extractive users with minimal protocol value.

Filter out to save 40-60% of airdrop budget

Historical Patterns Hold

Past behavior predicts future actions. Wallets that dumped previous airdrops continue the pattern - consistency across multiple campaigns.

Predictive accuracy of 78%+

The 650+ Elite

Scores above 650 show 70-100% good behavior. These are established DeFi users with complex histories - LPs, borrowers, and long-term holders.

Target for maximum ROI

Bottom Line Impact

Financial impact from score-based filtering

$2.4M Average Savings Per Campaign

Assumptions
10K wallets, 10M tokens
$1/token = $10M budget
Without zScore
60% low-quality (6K wallets)
80% dump rate = $4.8M wasted
With zScore
Filter 6K, focus on 4K quality
40% dump rate = $2.4M wasted
Net Savings: $4.8M - $2.4M
$2.4M Saved
Plus 2.5× more tokens per quality user

Cost Savings

  • 40-60% budget reduction filtering low-quality wallets
  • 87% Sybil reduction eliminating bots & fake accounts

Revenue Growth

  • +180% LP increase quality users provide 3× more liquidity
  • +383% TVL impact from -12% to +34% post-airdrop
  • +154% engagement 71% active after 90 days vs 28%

Recommended Allocation Strategy

Optimize your airdrop budget based on wallet quality scores

0-250High Risk

Exclude or minimal allocation

0-5%
of budget

75-85% will dump immediately

250-400Medium Risk

Reduced allocation with vesting

10-15%
of budget

55-60% dump risk, mixed engagement

400-500Moderate

Standard allocation

20-25%
of budget

40% good behavior, active traders

500-650Good

Increased allocation

30-35%
of budget

50-58% retention, LP providers

650+Excellent

Maximum allocation + bonuses

30-40%
of budget

70-100% retention, protocol champions

Implementation Checklist

Step-by-step guide to implementing zScore in your airdrop

1Pre-Airdrop Planning

  • Score Your Recipients
    Use zPass API to score all potential recipients
  • Set Minimum Threshold
    Exclude wallets below 250 to eliminate dump risk
  • Tier Your Allocation
    Allocate more tokens to higher-score wallets

2During Distribution

  • Implement Vesting
    Add vesting for medium-risk wallets (250-500)
  • Bonus for High Scores
    Reward 650+ wallets with bonus allocations
  • Monitor Real-Time
    Track claim patterns and adjust strategy

Don't Trust? Verify

Download complete dataset: 8,226 wallets, 90-day tracking, all scores & behaviors

Download Data

Expected Outcomes

+112%
Token Retention
87%
Sybil Reduction
$2.4M
Cost Savings
Optimize Your Next Airdrop