Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Eigen Labs and Eigen Foundation disclose investor staking rewards processing summary, both prohibit team participation for at least one year

Eigen Labs and Eigen Foundation disclose investor staking rewards processing summary, both prohibit team participation for at least one year

Bitget2024/10/02 06:15

Golden Finance reported that Eigen Labs and Eigen Foundation released information disclosure on the processing of investor staking rewards, mainly including:
1) The total EIGEN rewards provided to EIGEN stakers each year are limited to 1% of the initial EIGEN total supply.
2) Investors can stake EIGEN and non-EIGEN assets on EigenLayer. The investor contract requires that investors are allowed to stake EIGEN, and any rewards must be unlocked.
3) All EIGEN stakers can receive a maximum of 1% of the initial total supply of EIGEN each year, which can be collected weekly and takes a full year to be released linearly.
4) Both Eigen Labs and Eigen Foundation prohibit their teams from participating for at least one year.
5) Investors are not eligible for Stakedrops based on EIGEN staking, and they will only start to receive rewards for EIGEN staking through future programmatic incentives.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!