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Rewards Claiming FAQ

When can I claim my rewards?​

After a root is posted, rewards are claimable after an activation delay. On mainnet this delay is 1 week and on testnet it is 2 hours.

What portion of rewards goes to my operator?​

Operators get a fixed 10% portion rewards, though this is subject to change in a future release to be variable.

How can I test reward distributions and claiming on testnet?​

1. Programmatic incentives.​

To accumulate programmatic incentives, you must be delegated to an operator that is registered to at least one AVS of any type. Programmatic incentives are payed in Testnet EIGEN. Assets that earn programmatic incentives are limited to: EIGEN, LsETH, ETHx, rETH, osETH, cbETH, ankrETH, stETH, WETH, sfrxETH, mETH.

2. Rewards from AVSs​

To accumulate testnet rewards from AVSs, you must be delegated to an Operator that is registered to at least one AVS with active rewards.

Faucet AVS: FaucetAVS is designed purely to distribute WETH to staked WETH with no requirements beyond operator registration.

EigenDA: EigenDA distributes rewards to operators actively participating in EigenDA. Operators may be ejected if they fail to sign batches or fall below the threshold requirements. Rewards are earned for:

  • EIGEN Quorum participation
  • ETH Quorum participation including LsETH, ETHx, rETH, osETH, cbETH, ankrETH, stETH, WETH, sfrxETH, mETH and Beacon Chain ETH in EigenPods.

Are reward distributions based on the amount of work performed by an operator, the Operator's total delegated stake or both?​

The current rewards calculation assumes that work done is directly proportional to stake; therefore, rewards are distributed proportional to stake. If an operator does not perform the tasks expected of it, the AVS should eject or "churn" the operator (which we have examples for in our middleware contracts).

Will the AVS Rewards be distributed using the same ERC20 token used to Stake / Operate (opt-in to) the AVS?​

An AVS can distribute any ERC-20 token it chooses in a RewardSubmission. These reward token(s) can be different from the list of Strategies (assets) that were originally staked, delegated and opted into by the Restaker, Operator, and AVS.

For example, Restakers could delegate stETH (lido eth) to an Operator. The Operator could opt in to an AVS with the stETH strategy. Then a week later the AVS could pay rewards in USDC. The decision of which ERC20 token to reward to a Strategy is entirely up to the AVS to determine.

How is the APR calculated?​

The UI shows up to a 7-day averaged APR for a given strategy. Due to the 2 day calculation delay, neither APR nor accrual of rewards can be observed until 2 days after a user has restaked and delegated qualifying assets to an Operator that is earning rewards. The APR is given by the following equation:

Eearned,s∑7 daysEstaked,s∗365 days\frac{E_{\text{earned}, s}}{\sum_{7 \ \text{days}}E_{\text staked, s}}*365\ \text{days}

That is, Eearned,sE_{\text{earned}, s} is the ETH value of all reward tokens earned over the past 7 days from restaking strategy ss. Estaked,sE_{\text staked, s} is the ETH value of tokens staked in restaked strategy ss on a given day, excluding any days in which no reward is earned.

ETH values are calculated using the latest price feeds sourced from Coingecko. Reward tokens that do not have a public price available from Coingecko are not included in the calculation. APR is not calculated for staked tokens that do not have a public price available from Coingecko.

Why are there no claimable rewards for an Operator?​

In order for an Operator to be eligible for a reward submission they must been registered to the AVS for at least a portion of the reward duration. If an Operator does not meet this condition but has rewards submitted to them, the rewards are refunded back to the AVS address. To claim rewards as an AVS, you must set a claimer for the AVS, which can be done using setClaimerFor on the ServiceManagerBase contract or using the EigenLayer CLI.