- Eigen Foundation commits 1% of EIGEN tokens to support Ethereum Layer 1 R&D via the Protocol Guild.
- Eigen launches incentives to reward stakers and operators, driving engagement in Actively Validated Services on EigenLayer.
The Eigen Foundation has announced a big move by committing 1% of the total EIGEN token supply to the Protocol Guild, a collaborative funding mechanism for Ethereum Layer 1 R&D.
Over 180 members from 29 teams actively engaged in several vital areas—including client development, research, specification writing, testing, and coordination—directly gain from this effort. This distribution emphasizes the dedication of the foundation to enhance the Ethereum ecosystem and guarantees sufficient support for important players of its infrastructure.
1/ The @ProtocolGuild is a collective funding mechanism for Ethereum’s Layer 1 R&D maintainers, with 180+ members across 29 teams.
Ethereum thrives because of its incredible contributors—the developers, researchers, and coordinators working tirelessly behind the scenes.
To… pic.twitter.com/p0Yydksmvi
— Eigen Foundation (@eigenfoundation) December 12, 2024
EIGEN Tokens Drive Broader Blockchain Participation
Furthermore, the foundation started its Programmatic Incentives v1, meant to issue almost 66.95 million EIGEN tokens throughout the first year. These incentives comprise 1% for EIGEN stakers and operators as well as a 3% allocation for Ethereum stakers and liquid staking token operators.
A pillar of the EigenLayer ecosystem, Actively Validated Services (AVS) should be fully participated in by means of this ordered incentive scheme. The foundation intends to create a stronger and more dynamic network benefiting the larger blockchain community by motivating stakers and operators.
This dual strategy—direct payment for Ethereum developers via the Protocol Guild and the implementation of programming incentives—showcases a complete method of ecosystem development.
While the incentives encourage adoption and participation inside the EigenLayer ecosystem, the money guarantees unfettered continuation of the vital task of maintaining and expanding Ethereum’s Layer 1 infrastructure.
These initiatives complement the larger goal of the foundation—that of supporting distributed networks and the people running them.
Previously, CNF reported that on September 30 the limitations on Eigen token transfers were removed, therefore signifying a turning point for the token’s flow. The token is likely to see more market activity with this more adaptability, so stimulating more interest and involvement among the crypto community.
