FluxLayer

The evolution is here. The age of verifiable apps has begun. Introducing EigenCloud, a platform for verifiable apps, services, and AI, built on EigenLayer, secured by the EIGEN token. ☁️ Crypto has spent a decade building trustless infrastructure. Now it's time to build on it.

Redistribution is now live on Testnet. AVSs can now redirect slashed funds instead of burning them, enabling new use cases like lending and insurance protocols. Live on Holesky, Sepolia, and Hoodi Testnets. Mainnet coming soon. More details 🧵

Slashing goes live on mainnet today! 🥳 The protocol is now feature-complete. Programmable trust is no longer a concept. It’s code. Let’s talk about what this unlocks & why it matters. 🧵

Coming Soon: AVS Rewards and EIGEN Programmatic Incentives Read the full details in the blog post here: blog.eigenlayer.xyz/coming-s… --- Summary Below --- • Actively Validated Services (AVSs) are gaining the ability to reward stakers and operators. • At least 4% of EIGEN's total supply will be distributed to stakers and operators via upcoming programmatic incentives. • These incentives will be distributed via "rewards-boosts" in which stakers and operators will receive EIGEN in proportion to the amount of rewards distributed to them by AVSs. • Stakers and operators that support more AVSs will tend to receive more EIGEN programmatic emissions. • This rewards-boost program is designed to kickstart the rewards flywheel and enable price discovery even if initial AVS rewards are low. • Separate from the programmatic incentives program, the Season 2 stakedrop will reward current stakers and operators. • Details on Season 2 will be announced by the Eigen Foundation soon.