EigenLayer Announces Launch of New Feature: Programmatic Incentive Mechanism v1
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September 18, 2024
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On September 18th, according to official announcements, EigenLayer, an Ethereum re-staking protocol, announced the launch of its new programmatic incentive mechanism v1. This mechanism will programmatically reward eligible stakers and their delegated operators with newly minted EIGEN tokens on a weekly basis.
These rewards will be retroactively effective based on staking activity from August 15th, 2024, and can be claimed weekly starting in October 2024.
In the first year, programmatic incentive v1 will distribute 66,945,866 EIGEN tokens, representing 4% of the initial supply of 1,673,646,668 EIGEN tokens.
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