EigenLayer Announces "Programmatic Incentives v1"

Golden Finance reports that EigenLayer is set to launch a new protocol feature called "Programmatic Incentives v1." This feature will begin distributing newly minted EIGEN tokens as rewards to eligible stakers and their delegated operators weekly, starting in October 2024. These incentives will be retroactive, based on staking activity since August 15, 2024.

Over the first year, Programmatic Incentives v1 will distribute approximately 66,945,866 EIGEN tokens, representing 4% of the initial EIGEN token supply (approximately 1,673,646,668 tokens). Of this, 3% will be allocated to ETH and LST stakers and operators, while 1% will be allocated to EIGEN stakers and operators.

To qualify for programmatic incentives, operators must register at least one AVS, and stakers must delegate to operators who have registered at least one AVS. Programmatic rewards will be available for claiming every Wednesday at 3:00 AM Beijing time.