EigenLayer: Programmatic Incentives v1 ‘Claim Rewards’ Guide
EigenLayer Programmatic Incentives are now live!
To reward users in the EigenLayer ecosystem, the EigenLayer team has distributed $EIGEN rewards to stakers and operators for their active participation in supporting AVSs.
Programmatic Incentives v1 will enable weekly programmatic rewards of $EIGEN tokens to stakers and operators. For v1, the incentives have been retroactive based on staking status since August 15th, 2024, and are now available for claim.
EigenLayer has pledged to distribute 4% of the $EIGEN token supply (~66,945,866 EIGEN) in the first year of this program to ensure that incentives are aligned.
Weekly programmatic rewards are live to claim every Tuesday at 19:00 UTC. It is important to also be aware that there is a one-week buffer for reward eligibility and claiming and that gas fees for claiming are paid in ETH.
To learn more about what to expect with Programmatic Incentives, check out P2P's Dune dashboard, which shares vital information like ETH APR estimation for restakers and EIGEN APR estimation.
Also, it is the first time such a dashboard has been shared with the community. Consider sharing it with your network:
📢 On 15th October, @eigenlayer is launching Programmatic Incentives v1 to reward stakers and operators actively supporting AVSs in the Eigen Layer ecosystem.
— P2P.org (@P2Pvalidator) October 12, 2024
So, as Operator No. 1, we're FIRST to bring the tool that helps you make informed decisions! (See: Link in comments 🔗) https://t.co/7oA3XWWegR pic.twitter.com/jAl6aWglpR
Let's get back to our guide.
Steps for Claiming EigenLayer Rewards 👇
Step 1: Visit https://app.eigenlayer.xyz/
Step 2: Click 'Connect Wallet' at the top right corner and select the wallet linked to your EigenLayer holdings.
Step 3: Once your wallet is successfully connected, your rewards will show as 'Claimable Rewards', and you can select 'Claim Rewards' to initiate the claim process.
Step 4: After selecting 'Claim Rewards,' you can view the token rewards you are eligible for (multi-select is available). Once you choose the rewards you want to claim, select 'Claim Tokens.'
Step 5: The claim process is triggered, and you will sign the transaction in your wallet to complete the rewards claiming process. Once the claim is fulfilled, select 'Done'.
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