ChainCatcher news, EigenLayer announced the upcoming launch of a new protocol feature "Programmatic Incentives v1". This feature will distribute newly minted EIGEN tokens as rewards to eligible stakers and their delegated operators every week starting in October 2024. These incentives will be retroactively based on the staking since August 15, 2024.
In the first year, Programmatic Incentives v1 will distribute approximately 66,945,866 EIGEN, equivalent to 4% of the initial supply of EIGEN tokens (approximately 1,673,646,668 tokens). 3% of this will be distributed to ETH and LST stakers and operators, and 1% to EIGEN stakers and operators.
To receive programmatic incentives, operators must register at least one AVS, and stakers must delegate to an operator that has registered at least one AVS.
Programmatic rewards will be available for redemption every Wednesday at 3 a.m. Beijing time.
