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Eigen officially disclosed the processing of investor staking rewards and banned the team from participating in staking for at least one year

2024-10-02 04:45
Odaily News Eigen Labs and the Eigen Foundation released a disclosure on the treatment of investor staking rewards on X, the key points are as follows: 1. The total EIGEN rewards provided to EIGEN stakers each year are limited to 1% of the initial total supply, which is equivalent to 25% of the programmatic incentives for EIGEN staking each year, while the remaining 75% is used for ETH and ETH equivalent staking; 2. Investors can stake EIGEN and non-EIGEN assets on EigenLayer. The investor contract requires that investors are allowed to stake EIGEN, and any rewards must be unlocked; 3. All EIGEN stakers can receive up to 1% of the initial total supply of EIGEN each year, which can be claimed weekly and takes a full year to be released linearly. This 1% includes all EIGEN stakers, including investors; 4. Both Eigen Labs and the Eigen Foundation prohibit their teams from participating for at least one year. Again, this is different from other protocols, which allow teams to stake from day one; 5. Investors are not eligible for EIGEN-based Stakedrops that are staked will only start to receive EIGEN staking rewards through future programmatic incentives.