Update: Upgrading EIGEN and bEIGEN contracts for Programmatic Incentives Rollout
What
A transaction to upgrade the EIGEN and bEIGEN contracts has been queued to the TimelockController as a first step in this process.
Why
This will support the upcoming rollout of programmatic incentives.
In order to activate the AVS rewards flywheel in EigenLayer, the programmatic incentives program will provide AVS “reward-boosts” in which EIGEN will be automatically distributed to stakers and operators of each AVS proportionate to the amount of rewards distributed by each AVS.
For the first year, at least 4% of the total supply of EIGEN will be distributed via this program.
Learn More
Previous blogpost on programmatic incentives:
EigenLayer Multisig Governance: