27 January 2026

Why Operators Matter in EigenLayer and What Comes Next

At a glance:

EigenLayer: A coordination layer enabling staked ETH to secure AVSs
Why operators matter: Infrastructure quality directly impacts risk and net rewards
P2P.org (EigenLayer operator): Institutional infrastructure with a 5% operator commission
Update: Current commission structure extended through end of Q1

EigenLayer is often discussed in terms of innovation. New services. New primitives. New narratives.

But underneath all of that, EigenLayer is fundamentally about coordination.

Coordination between capital and infrastructure. Between stakers and services. Between emerging AVSs and the operators that make them real.

As the ecosystem matures, one thing is becoming increasingly clear: the success of EigenLayer depends less on abstract ideas and more on the reliability, economics, and behavior of the operators securing it.

EigenLayer as a Coordination Layer

At its core, EigenLayer allows staked capital to be reused to secure new services, known as Actively Validated Services (AVSs).

This model introduces powerful new possibilities, but it also introduces new responsibilities.

AVSs don’t just need capital.They need uptime.They need slashing-aware infrastructure.They need operators that can run production systems, not experimental nodes.

This is where the operator layer becomes critical.

EigenLayer is a coordination layer for new services that must operate under real economic and technical constraints.

Why Operator Choice Actually Matters

As more capital flows into EigenLayer, the difference between operators becomes more pronounced.

Key variables start to matter:

commission structure
infrastructure quality
operational maturity
long-term alignment with the ecosystem

For stakers, operator selection plays a direct role in both risk management and net returns.

For AVSs, operator quality shapes how confidently a service can scale.

As the ecosystem matures, operator choice becomes a meaningful variable rather than a background detail.

P2P.org’s Role in the EigenLayer Ecosystem

P2P.org participates in EigenLayer as an operator focused on long-term infrastructure, not short-term incentives.

The approach is simple:

run robust, production-grade infrastructure
keep commissions transparent and competitive
support the AVS ecosystem as it grows

Today, P2P.org operates with a 5 percent operator commission, positioning it among the lowest on the market for staking $EIGEN.

This structure is designed to maximize net rewards for stakers while maintaining the operational standards required to support EigenLayer’s expanding service layer.

Extending the Promotion Through Q1

Originally, the current commission structure was communicated as running through the end of 2025.

Given continued demand and ecosystem growth, this structure will now be extended through the end of Q1.

The rationale is straightforward:

EigenLayer is still early in its AVS adoption curve
operators and stakers are still establishing long-term relationships
maintaining predictable economics helps the ecosystem stabilize

This extension gives stakers additional time to participate under the same conditions, while EigenLayer continues to evolve its service layer.

The Road Ahead for EigenLayer

EigenLayer represents a meaningful shift in how crypto networks coordinate security and services.

As that shift continues, operators move from the background to the foreground.

For stakers, operator choice is no longer just about headline APY.For the ecosystem, operator quality determines what is possible.

Extending the current commission structure through Q1 is a small step, but it reflects a longer-term view: building EigenLayer on stable, well-run infrastructure rather than temporary incentives.

Stake with P2P.org on EigenLayer: https://app.eigenlayer.xyz/operator/0xd2bca64ad01f77de84be4a8acbd2e8beceed9ab3

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André Caldeira

Zama Auction Is Live, Ahead of Staking Enablement

Zama has opened its auction phase, marking the first step in the network’s staking rollout.The auction allows participants to acquire ZAMA tokens ahead of delegation. Staking will follow approximately two weeks later, at which point delegators will be able to actively stake with validators on the network.P2P.org is participating as one of 18 genesis operators selected to support the network at launch and will operate a validator once delegation is enabled.<h2 id="what-is-zama">What Is Zama</h2>Zama is building infrastructure to enable privacy-preserving computation, allowing applications to process sensitive data while keeping it confidential.FHE enables computation to be performed directly on encrypted data, without requiring decryption at any point. For blockchain systems, this unlocks new categories of applications where sensitive data can be processed onchain while remaining confidential.This cryptographic design introduces different requirements at the infrastructure layer, particularly around compute, performance, and validator responsibilities. Zama’s network is built to support these constraints from the ground up.<h2 id="how-the-auction-works">How the Auction Works</h2>The auction phase is the entry point to Zama’s staking lifecycle.Participants acquire ZAMA during the auction and position themselves ahead of delegation. While tokens are not staked yet, the auction establishes early network participation and prepares participants for staking once delegation is enabled.Delegation to validators is expected to open approximately two weeks after the auction, at which point staking becomes active.<h2 id="participate-using-the-p2porg-referral-code">Participate Using the P2P.org Referral Code</h2>During the auction phase, participants can enter a P2P.org referral code: JYT407 to receive a +5% bonus in tokens.This referral incentive applies only during the auction and is designed to reward early participants who plan to stake once delegation becomes available.<h2 id="why-p2porg">Why P2P.org</h2>P2P.org’s involvement in Zama goes beyond operating a standard validator.On Zama, P2P.org operates as an FHE co-processor, supporting the cryptographic compute workloads that are core to the network’s architecture. This infrastructure alignment enables higher APR compared to standard validators, driven by optimized execution and deeper protocol integration.Once delegation is enabled, participants will be able to stake directly with the P2P.org validator.<h2 id="what-happens-after-the-auction">What Happens After the Auction</h2>After the auction concludes:<ul><li>Staking will be enabled approximately two weeks later</li><li>Delegation to validators will open</li><li>P2P.org’s validator will be available for staking</li></ul>Participants who join the auction early will already be positioned to stake as soon as delegation is live.<h2 id="how-to-participate">How to Participate</h2><ul><li>Visit the official Zama staking portal</li><li>Enter the P2P.org referral code JYT407 during the auction</li><li>Prepare to delegate to the P2P.org validator once delegation is enabled</li></ul>Staking portal:<a href="https://staking.zama.org/?ref=p2p.org"> https://staking.zama.org/</a><h2 id="closing-note">Closing Note</h2>The auction phase marks the start of Zama’s staking lifecycle, setting the foundation for validator participation and long-term network security.P2P.org’s focus is to support this transition by operating infrastructure aligned with Zama’s cryptographic design and remaining active through both the auction and delegation phases.Further updates will follow as staking and delegation are enabled.

André Caldeira

from p2p validator