EigenLayer announces new feature: Programmatic Incentives v1

According to BlockBeats, on September 18, according to official news, the Ethereum re-staking protocol EigenLayer announced the launch of a new feature, the 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 retroactive based on staking as of August 15, 2024, and will be payable 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 EIGEN token supply of 1,673,646,668 tokens.

source

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