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Patricia

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The EigenLayer Foundation has announced an upcoming rewards program that will reward stakers and operators for securing Actively Validated Services. Ethereum restaking protocol is also introducing a new incentive program that will offer 4% of the EigenLayer (EIGEN) total supply. EigenLayer links different restaking protocols, and stakers and operators help secure AVSs by restaking their ETH. In return, they receive staking rewards. When the new initiatives launch, it will be the first time the stakers and node operators get token-based rewards directly from AVSs via the EigenLayer protocol. Meanwhile, 4% of the supply will be shared with recipients through “rewards boost” distributions as part of the new EIGEN programmatic incentives program. In this case, stakers and operators will receive rewards proportional to AVSs’ distribution. What it means is that the more AVSs a network participant supports, the more tokens the EigenLayer Foundation will distribute to them.
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Jade City, a real-world asset (RWA) platform, is planning to launch its token by the end of the year, with the firm aiming to change the way precious commodities are accessed and traded. There are two business segments, Jade Vault and Jade City, the firm’s CEO William Ralston Saul told CryptoNews. The jade mining and tokenization businesses have already made significant strides with fund raising intiatives and in the world of digital finance and precious minerals, said Ralston Saul. So far, Jade Vault, the jadeite storage and trading company has raised $2.1 million to kickstart the production of a jade mine in Kazakhstan. This investment is a critical step towards tapping into one of the world’s most coveted and historically significant gemstones. Simultaneously, Jade City is planning to secure $1.8 million in a private funding round. So far, Jade City has raised $300,000 bringing the total capital raised for the Jade business to $2.4 million
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