According to BlockBeats, the Eigen Foundation has allocated its first strategic grant to the Celo Foundation on June 27. This allocation is aimed at supporting the use of EigenDA in Celo Layer 2.
In July of the previous year, cLabs first proposed the idea of migrating Celo from EVM-compatible L1 at EthCC and suggested the use of EigenDA. The migration to L2 with EigenDA helps to avoid the high costs associated with native Ethereum storage, thus maintaining Celo's extremely low transaction fees.
The strategic grant from Eigen Foundation to Celo Foundation marks a significant step in the development and implementation of Celo Layer 2. The use of EigenDA in this layer is expected to enhance the efficiency and cost-effectiveness of transactions, further strengthening the Celo ecosystem.