EigenLayer AVS ARPA to launch native restaking rewards soon
It will be an important test case for EigenLayer and other restaking protocols, which promise extra yield on staked tokens in exchange for securing additional networks.
ARPA Network, a Web3 protocol built on restaking protocol EigenLayer, aims to start issuing rewards to restakers in its native token, ARPA, as soon as September, Jason Zhao, ARPA’s business development lead, told Cointelegraph in an interview.
“If everything goes well, we’ll push [ARPA rewards] by the end of September, but if not, then definitely by October,” Zhao said.
In addition to native token rewards, ARPA is testing an “incentives program […] offering extra EIGEN’ reward-boosts’ to our stakers and operators,” Felix Xu, ARPA’s CEO, told Cointelegraph in a statement.
It will be an important test case for EigenLayer and other restaking protocols, which promise extra yield on staked tokens in exchange for securing additional networks.
ARPA Network, a Web3 protocol built on restaking protocol EigenLayer, aims to start issuing rewards to restakers in its native token, ARPA, as soon as September, Jason Zhao, ARPA’s business development lead, told Cointelegraph in an interview. “If everything goes well, we’ll push [ARPA rewards] by the end of September, but if not, then definitely by October,” Zhao said. In addition to native token rewards, ARPA is testing an “incentives program offering extra EIGEN’ reward-boosts’ to our stakers and operators,” Felix Xu, ARPA’s CEO, told Cointelegraph in a statement.Read more