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December 13, 2024

Eigen Foundation Commits 1% of EIGEN Tokens to Ethereum R&D

The Eigen Foundation has pledged 1% of the EIGEN token supply to the Protocol Guild, focusing on research and development for Ethereum Layer 1. This move comes as EigenLayer’s total value locked (TVL) exceeds $18 billion, highlighting strong investor involvement and commitment to Ethereum’s growth. This initiative could play a crucial role in enhancing Ethereum’s functionality and ecosystem. Investors and developers should watch closely as the integration of these funds may yield significant innovations and advancements for the Ethereum platform. The future looks promising for the Eigen community and the broader Ethereum network.

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