Eigen Labs and Eigen Foundation Reveal Investor Staking Rules in New Disclosure
Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...
Eigen Labs and Eigen Foundation have released new disclosures on Wednesday detailing the rules governing investor staking rewards on EigenLayer.
Eigen Labs and Eigen Foundation posted disclosures on the treatment of investor staking rewards, which we summarize in this tweet, responding to community questions.
– Eigen Labs disclosure: https://t.co/SYspTxM3Nd
– Eigen Foundation disclosure: https://t.co/xPebLKNtj9…
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.
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
Read more on cryptonews.com
