The Eigen Foundation has announced that it will allocate 1% of the EIGEN token supply to the Protocol Guild, which supports Ethereum Layer 1 R&D. 🎉 This move aligns with EigenLayer’s mission to increase Ethereum’s security while encouraging innovation.

EigenLayer leverages Ethereum’s decentralized nature by using staked ETH as cryptoeconomic security for other protocols. This development comes after EIGEN’s highly anticipated launch on exchanges. 🚀