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Eigen Project Announces Allocating 1% of EIGEN Token Supply to Support Ethereum R&D

Eigen Project has announced that it will allocate 1% of its total EIGEN token supply to the Protocol Guild, a crowdfunding mechanism that aims to support Ethereum Layer 1 R&D.

The guild includes over 180 members from 29 teams, focused on network development, design, and coordination to ensure Ethereum continues to evolve and withstand centralization.

This pledge is in line with EigenLayer’s goals of enabling ETH to be used as an economic security to improve network security and support innovation.

EigenLayer Developments and Security Challenges:

EigenLayer, which was launched in 2021 and led by Sreeram Kannan, has achieved a total value locked (TVL) of over $18 billion.

But the project has faced security challenges, including a $5.7 million hack and a phishing attack via the official X account, which targeted users with a fake free giveaway campaign. Experts like ZachXBT and Polygon Labs’ Mudit Gupta have warned of these threats, stressing the importance of being careful when dealing with suspicious links.