Eigen Layer, the Ethereum re-staking protocol, has announced a new weekly programmatic rewards system that will increase the circulating supply of its EIGEN tokens by 4%. The incentives will be retroactive from August 15 and can be claimed from October 8 onwards. The rewards will be given to qualifying stakers and the operators they delegate with, aiming to strengthen partnerships and align security services. A total of 66,945,866 EIGEN tokens will be distributed as incentives over the course of a year. The majority of incentives will go to ETH and LST stakers and their operators, with the rest reserved for EIGEN staking and selected operators. This move aims to provide predictable rewards, forge connections among participants, and subsidize the re-staking marketplace. The distribution will be proportionate to the amount of staked assets, with operators receiving a predetermined incentive each week. Eigen Layer, which reached its peak during the 2024 bull market, aims to build demand for its AVS services and increase EIGEN price discovery. The project is backed by VC investors, including Andreessen Horowitz.
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