TL;DR

EigenLayer has launched its Rewards v2 upgrade on the Ethereum mainnet, enhancing flexibility, efficiency, and customization in the reward system.
Key features include operator-specific rewards, variable fees for Actively Validated Services (AVSs), and batch reward collection to reduce gas fees.
The upgrade marks the first EigenLayer Improvement Proposal and highlights the importance of community-driven governance in the platform’s development.

EigenLayer has successfully launched its Rewards v2 upgrade on the Ethereum mainnet, marking a significant milestone in the evolution of its re-staking protocol. This upgrade, which went live on January 21, 2025, brings enhanced flexibility, efficiency, and customization to the reward system within the EigenLayer ecosystem.

Key Features of Rewards v2

The Rewards v2 upgrade introduces several key features designed to improve the reward distribution process for participants. One of the standout updates is the introduction of operator-specific rewards, allowing Actively Validated Services (AVSs) to reward operators based on performance or custom logic.

This feature aims to incentivize operators more effectively and align rewards with their contributions to the network. Another notable feature is the ability for operators to set variable fees for each AVS, offering greater economic flexibility and attracting a diverse range of participants.

This change is expected to enhance the overall efficiency of the reward system and encourage more operators to participate in the EigenLayer ecosystem.

Batch Reward Collection

The upgrade also includes a batch reward collection feature, which enables stakeholders and operators to claim multiple rewards in a single transaction. This reduces gas fees and simplifies the reward collection process, making it more convenient for participants to receive their rewards.

Community-Driven Governance

The Rewards v2 upgrade is the first EigenLayer Improvement Proposal and the first mainnet upgrade proposed and implemented by the Protocol Council. This milestone highlights the importance of community-driven governance in the development of the EigenLayer platform.

The EigenGov governance process, recently announced by the Eigen Foundation, allows for more community involvement in decision-making and ensures that the platform evolves in a way that benefits all participants.

The launch of Rewards v2 on the Ethereum mainnet represents a significant step forward for EigenLayer. The new features introduced in this upgrade are expected to enhance the flexibility, efficiency, and customization of the reward system, making it more attractive for operators and stakeholders alike.

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Filed under: News - @ January 22, 2025 12:25 pm