P2P.org Unveils Revenue Share Plan for ETH Delegators Amid Crypto VC Trends

Latest Updates on P2P.org's Revenue Distribution Plan

According to Blockworks, P2P.org, recognized as the largest EigenLayer operator by total ETH restaked, has recently unveiled a new revenue distribution program aimed at incentivizing users who delegate ETH to the platform. This strategic move is designed to reward long-term trust and engagement from its delegators.

Eligibility for Revenue Share

All delegators who have staked with P2P.org before August 15 will be eligible for this new revenue share initiative. P2P.org currently holds approximately 274,000 ETH and 8.53 million EIGEN staked on EigenLayer, shared among around 8,000 stakers.

Breakdown of Programmatic Incentives

As part of the EigenLayer’s programmatic incentives program, a total of 67 million EIGEN will be allocated over the first year, with a distribution split of three-quarters going to ETH stakers and the remaining quarter designated for EIGEN stakers and operators. For P2P.org, this allocation equates to approximately 3.63 million EIGEN incentives, which has a current value of about $12 million. This means stakers may receive around $1,500 each, not including any yield from AVS.

Crypto Venture Capital Investments in Q3 2024

In related news, Galaxy Research reports that crypto venture capital funds have invested around $2.4 billion across 478 deals in the third quarter of 2024. This figure indicates a 20% decrease in capital invested and a 17% reduction in the number of deals compared to the previous quarter.

Trends in Investment Categories

During Q3, the sectors of trading, exchanges, investing, and lending attracted the most capital, totaling $462 million. Notable raises included Cryptospherex and Figure markets, which raised $200 million and $73.3 million respectively. Additionally, the second-largest fundraising efforts were noted within Layer 1 (L1) blockchain projects, accumulating about $341 million. This data underscores the enduring significance of L1 trades in the current crypto market landscape.

Conclusion

As both P2P.org and broader market trends illustrate, the ecosystem is experiencing pivotal changes. The introduction of incentive-based models in staking and significant venture capital investments highlight the continuous evolution within the crypto sphere, which remains vibrant, albeit facing certain fluctuations in funding levels.