Eigen Labs and Eigen Foundation Reveal Investor Staking Rules in New Disclosure
Eigen Labs and Eigen Foundation have released new disclosures on Wednesday detailing the rules governing investor staking rewards on EigenLayer.
According to the announcement published by Eigen Labs and Eigen Foundation, investors will have a maximum annual staking reward capped at 1% of the total initial token supply, with tokens unlocking gradually over three years.
EIGEN Staking: Rewards Cap and Lockup Schedule
The new guidelines outline specific conditions for both employees and investors participating in Eigen staking on EigenLayer.
Employees are restricted from staking any EIGEN tokens they received from the company until September 2025.
Investors, meanwhile, can stake their tokens but remain subject to a lockup period, which gradually unlocks over three years.
Additionally, the disclosure confirms that both investors and employees are permitted to stake non-EIGEN assets, such as Ethereum (ETH) and ETH-equivalents.
Staking rewards earned from these assets are not subject to the lockup conditions.
The documents also clarified that no stakedrops were allocated to investors before September 30, 2024, ensuring that early contributors did not receive staking rewards during the platform’s initial phase.
Employees were similarly excluded from stakedrops during this period.
EigenLayer’s staking program is designed to allocate 75% of annual staking rewards to ETH and ETH-equivalent stakers, with only 25% reserved for EIGEN stakers.
This structure promotes a balanced distribution of rewards across the platform.
Justin Sun Sells EIGEN for Over $21 Million
While EigenLayer’s staking rules focus on equitable rewards distribution, notable EIGEN transactions have also surfaced in the market.
Blockchain analyst EmberCN recently tracked the EIGEN holdings of Justin Sun, who received over five million tokens through an airdrop.
After the tokens were unlocked, Sun swiftly transferred them to HTX and then Binance.
He sold the tokens for approximately $21 million, earning an average of $4.03 per token.
At the time of writing, EIGEN tokens were trading at $3.58.
The post Eigen Labs and Eigen Foundation Reveal Investor Staking Rules in New Disclosure appeared first on Cryptonews.
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Eigen Labs and Eigen Foundation Reveal Investor Staking Rules in New Disclosure
Eigen Labs and Eigen Foundation have released new disclosures on Wednesday detailing the rules governing investor staking rewards on EigenLayer.
According to the announcement published by Eigen Labs and Eigen Foundation, investors will have a maximum annual staking reward capped at 1% of the total initial token supply, with tokens unlocking gradually over three years.
EIGEN Staking: Rewards Cap and Lockup Schedule
The new guidelines outline specific conditions for both employees and investors participating in Eigen staking on EigenLayer.
Employees are restricted from staking any EIGEN tokens they received from the company until September 2025.
Investors, meanwhile, can stake their tokens but remain subject to a lockup period, which gradually unlocks over three years.
Additionally, the disclosure confirms that both investors and employees are permitted to stake non-EIGEN assets, such as Ethereum (ETH) and ETH-equivalents.
Staking rewards earned from these assets are not subject to the lockup conditions.
The documents also clarified that no stakedrops were allocated to investors before September 30, 2024, ensuring that early contributors did not receive staking rewards during the platform’s initial phase.
Employees were similarly excluded from stakedrops during this period.
EigenLayer’s staking program is designed to allocate 75% of annual staking rewards to ETH and ETH-equivalent stakers, with only 25% reserved for EIGEN stakers.
This structure promotes a balanced distribution of rewards across the platform.
Justin Sun Sells EIGEN for Over $21 Million
While EigenLayer’s staking rules focus on equitable rewards distribution, notable EIGEN transactions have also surfaced in the market.
Blockchain analyst EmberCN recently tracked the EIGEN holdings of Justin Sun, who received over five million tokens through an airdrop.
After the tokens were unlocked, Sun swiftly transferred them to HTX and then Binance.
He sold the tokens for approximately $21 million, earning an average of $4.03 per token.
At the time of writing, EIGEN tokens were trading at $3.58.
The post Eigen Labs and Eigen Foundation Reveal Investor Staking Rules in New Disclosure appeared first on Cryptonews.
Read More
GENIUS Act Stalls After 49–48 Senate Vote, Stablecoin Framework in Limbo