On September 4, EigenLayer announced that it was upgrading the EIGEN and bEIGEN contracts to launch programmatic incentives. As the first step in this process, transactions to upgrade the EIGEN and bEIGEN contracts have been queued in the Timelock Controller. EigenLayer previously stated that "the programmatic incentive program will provide an AVS "reward boost", in which EIGEN will be automatically distributed to the stakers and operators of each AVS in proportion to the amount of rewards allocated to each AVS. In the first year, at least 4% of the total supply of EIGEN will be distributed through the program."