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P2P.org unveiled a revenue-sharing period to reward early restakers. This move comes as EigenLayer, Ethereum’s leading restaking platform, gears up to enhance payouts with its native EIGEN token. Restaking, a process that allows staked tokens to secure multiple protocols simultaneously, is gaining popularity—and operators like P2P.org are positioning themselves to capture a larger share of this growing market.
“The new revenue initiative is the first of its kind to be rolled out from a staking validator,” P2P.org stated, emphasizing its competitive edge as the largest operator on EigenLayer, managing $475 million in restaked collateral.
Competition Heats Up As EIGEN Unlock Boosts Demand
EigenLayer, which secures $11 billion in collateral across various protocols, or Actively Validated Services (AVSs), has seen increased competition among staking operators. P2P.org competes with Figment, Blockdaemon, Ankr, and other staking-as-a-service providers, intensifying efforts to attract restakers following the October 1 unlock of EIGEN tokens.
Sreeram Kannan, founder of EigenLayer, explained that the platform is prioritizing user onboarding after the token unlock, which will distribute 4% of EIGEN’s total supply to incentivize restakers.
“Stakers will receive rewards based on the number of AVSs they secure, while AVSs will pay fees to stakers and operators. The more fees AVSs pay, the more value is allocated,” Kannan told Cointelegraph.
Expanding TVL and Dominating the Market
In addition to Ethereum staking, P2P.org supports other major assets, including Bitcoin (BTC) and Ether (ETH), contributing to a total value locked (TVL) of $7.5 billion. With restaking becoming increasingly popular, EigenLayer’s innovative incentives seek to maintain the platform’s edge by offering programmatic rewards to participants.
Restakers who delegated their tokens to P2P.org before August 15 are eligible for the one-time revenue-sharing program, the company confirmed. As the first validator to implement this kind of initiative, P2P.org aims to secure its leading position by offering competitive returns in a rapidly evolving staking landscape.
With the EIGEN unlock sparking renewed interest in restaking, P2P.org’s revenue-sharing program provides a unique opportunity for early participants. As competition heats up among operators, the platform’s strategic focus on incentive alignment may help it maintain its dominance, attracting restakers seeking higher yields in the expanding Ethereum restaking ecosystem.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
