what's Eigen Foundation?
The Eigen Foundation is the non-profit organization overseeing the development and governance of the EigenLayer ecosystem, a decentralized restaking protocol built on Ethereum. It focuses on enhancing Ethereum's security and scalability by enabling users to restake their ETH or liquid staking tokens to secure additional services, known as Actively Validated Services (AVSs). The foundation manages token distribution, incentives, and community initiatives to foster innovation in shared security models. EigenLayer, stewarded by the foundation, introduces mechanisms like intersubjective fault attribution and slashing to ensure operator accountability. This allows for the creation of verifiable applications, including AI and compute services under EigenCloud. The EIGEN token serves as the protocol's work token, used for staking, delegation, and participating in network validation. The foundation promotes a modular approach to blockchain security, enabling diverse applications from data availability layers to oracle networks. By coordinating restaking economics and AVS launches, it aims to build a robust, interoperable infrastructure layer for Ethereum's broader ecosystem.
Nader left Eigen Foundation; 1% tokens pledged to Protocol Guild for Ethereum L1 R&D.
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Awarded a grant to UniFi AVS (operated by Puffer Finance) for work on preconfirmations for scaling Ethereum rollups.
Nader left Eigen Foundation and the crypto industry.
Pledged 1% of tokens to Protocol Guild to support Ethereum L1 R&D contributors as part of the Protocol Guild Pledge initiative.
Foundation transferred EIGEN tokens from its primary vault over recent weeks for grants, partnerships, and liquidity operations, confirming these administrative transfers are not related to the November 1st unlock or team sales.
SharpLink deploys $200M in ETH through EigenCloud, marking the first institutional ETH treasury using programmable yield and cryptoeconomic trust.
EIGEN integrates with Google's Agent Payment Protocol (AP2) as the verifiability layer, enabling agents to store data and pay via crypto (X402) with instant proofs in Google's emerging agent economy.
36.82 million EIGEN tokens worth $44.55 million (12.10% of circulating supply) unlock on November 1st.
Google Cloud's Web3 Faucet now supports EIGEN tokens on Ethereum Hoodi Testnet, providing developers direct access to tokens through the Google Cloud development environment.
Featured in a16z crypto report.
Eigen Foundation proposes increasing staking rewards from 1% to 4% of total allocation, while slashing goes live on mainnet and multi-chain verification begins with Base integration. EigenCompute and EigenAI launch in Mainnet Alpha, with DevKit launching on testnet and current TVL reaching nearly $20B across 40+ active AVSs.