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
Salam World
We're excited to introduce native restaking functionality and DSS's for the @fraxfinance ecosystem natively on Fraxtal and accelerate the vision of universal verifiable finance
Making DeFi Great Again🍊
Get started now: https://t.co/FIOLizMQMM
3: In view of the character of layerzero and leader bran, participation in any future activities should be minimized. Commitment is important to a project. Constantly breaking promises will only keep real users away.