OFC x @base - Announcing Benefit 4/5 🪂
We partner with @degentokenbase for an Airdrop! Participate with each full set of "O", "F", and "C" you've minted before Sun Oct 20th (T&C's apply) 🎁
➡️ Mint now: https://t.co/DIhMWLotiM
👇 Decide how we should distribute the airdrop
Introducing Programmatic Incentives v1
The upcoming Programmatic Incentives v1 release, a new EigenLayer protocol feature, will enable weekly programmatic rewards of newly-minted EIGEN tokens to qualifying stakers and the Operators they delegate to.
These incentives will be retroactive based on staking since August 15, 2024, and will become claimable on a weekly basis starting in October 2024.
What
In the first year, Programmatic Incentives v1 will distribute ~66,945,866 EIGEN, equivalent to 4% of the EIGEN token’s initial supply of ~1,673,646,668 tokens.
3% will go to ETH and LST stakers and operators (ETH and LSTs are weighted equally). 1% will go to EIGEN stakers and operators.
Qualification
To receive Programmatic Incentives, Operators must be registered to at least one AVS and Stakers must be delegated to an operator that is registered to at least one AVS.
Claiming
Weekly programmatic rewards will be available to claim every Tuesday at 19:00 UTC. To see when claims will become available and further details on timeline, see the full blogpost linked below.
Why
This upcoming release marks a significant milestone for EigenLayer and the broader restaking ecosystem as EigenLayer transitions from retroactive incentives (points and stakedrops) towards continuous liquid rewards via Programmatic Incentives, ultimately creating a market for price discovery of shared security.
- Providing predictable rewards
- Subsidizing restaking marketplace
- Strengthening incentive alignment
Upon release of Programmatic Incentives v1 on mainnet, we will publish a followup blogpost with more details on technical implementation, claiming considerations, and links to supporting documentation and resources.
Learn more
Blogpost: https://t.co/LxX4JcN55h
@johnwastaken Big if true 👀 Congrats John and team! Excited to see this play out for both the Mythical and FSL communities and web3 gaming as a whole 🤝
FSL, the creator of the viral web3 lifestyle apps STEPN and STEPN GO, has plans to integrate Mythos Chain onto its wallet FSLID and its NFT marketplace MOOAR, and collaborate with Mythical on co-branded interoperable assets to connect the two communities.
https://t.co/qcPySXo4fY
While at @PolkadotDecoded, our CEO @johnwastaken shared how our innovations in P2P trading on mobile have greatly expanded the player economy as a whole!
Team Flexo will be at the world’s largest crypto event #TOKEN2049 in Singapore, we can't wait to connect with you !!
If you'd like to meet our team, don't hesitate to message us - we’d love to chat!
#Blockchain#Innovation#Crypto#Wallet
@CameronMThacker@mythicalgames We're waiting on this 👀👀 Mythical Forest, NFL Rivals, 800,000 accounts on Mythos, millions of active players, Pudgy Penguins game coming , and new HUGE announcements on the way...so bullish right now it's crazy.
@johnwastaken@PlayNFLRivals Football season is in full swing and millions of players are enjoying @PlayNFLRivals! 🏈 One of the many AAA games built by @mythicalgames with actual real-world players, and the best part is the entire $MYTH ecosystem benefits...