According to BlockBeats, on September 18, according to official news, Ethereum re-staking protocol EigenLayer announced the launch of a new feature, programmatic incentive mechanism v1, which will reward newly minted EIGEN tokens to eligible stakers and their delegated operators in a programmatic manner every week.

These rewards will be retroactively effective based on the staking situation from August 15, 2024, and will be collected on a weekly basis starting in October 2024.

In the first year, programmatic incentives v1 will distribute 66,945,866 EIGEN, equivalent to 4% of the initial supply of 1,673,646,668 EIGEN tokens.