P2P.org Unveils Revenue Distribution Plan for ETH Delegators

New Revenue Distribution Plan by P2P.org for Delegating ETH

P2P.org, the largest operator on EigenLayer by total ETH restaked, has announced a exciting new revenue distribution plan aimed at boosting rewards for users who delegate their ETH to them. This strategic move is designed to foster long-term trust and engagement within the community, effectively benefiting those who have been loyal before the significant cut-off date of August 15.

Currently, P2P.org is overseeing approximately 274,000 ETH along with 8.53 million EIGEN staked across nearly 8,000 stakers. These impressive figures illustrate the platform's strong standing in the decentralized finance (DeFi) space. As part of EigenLayer's dedicated programmatic incentives program, a total of 67 million EIGEN will be distributed in the first year, with an overwhelming three-quarters specifically allocated for ETH stakers. This major initiative underscores the increasing relevance of P2P.org in the ETH staking environment.

To put things into perspective, this new plan translates to around 3.63 million EIGEN incentives for P2P.org, currently valued at approximately $12 million. Considering the existing price of EIGEN, estimated at $3.3, each staker stands to receive around $1,500, excluding any AVS yield. This incentive is likely to attract even more stakers seeking meaningful returns.

Trends in Crypto Venture Capital Investments

In another revealing report from Galaxy Research, it has been noted that crypto venture capital funds have funneled about $2.4 billion across 478 investment deals throughout Q3 2024. While this figure showcases significant financial activity, it also indicates a 20% decrease in capital invested and a reduction of 17% in the overall number of deals compared to the previous quarter. Understanding these trends is crucial for stakeholders in the crypto investment landscape.

During the third quarter, the categories of trading, exchange, investing, and lending have emerged as the leaders in venture capital fundraising, amassing an impressive total of $462 million. Prominent companies such as Cryptospherex and Figure markets took the lead with respective raises of $200 million and $73.3 million, highlighting the appetite for innovation and growth in these sectors.

Notably, Layer 1 (L1) projects also performed significantly, raising about $341 million. This trend signifies the enduring importance of L1 initiatives within the crypto market, as they continue to draw considerable interest from investors. In a constantly evolving digital landscape, this continued attention towards L1 projects showcases their vital role in shaping the future of the crypto industry.

Conclusion

As P2P.org rolls out its revenue distribution plan for ETH delegators, coupled with noteworthy trends in venture capital investments in the cryptocurrency space, these developments underline the dynamic nature of digital finance. Investors and stakeholders alike need to stay informed to navigate these opportunities effectively.