In Brief:
- Ethereum Foundation launches “The Client Incentive” for client teams to be able to maintain the core Ethereum network over the long term.
- The client teams will each receive 144 validators accounting to a total of 4,608 ETH to operate on mainnet.
- The program will act as a revenue stream as Validators will earn transaction fees after the merge.
Ethereum Foundation launches “The Client Incentive” program to make sure that client teams have a strong incentive for maintaining the core Ethereum network over the long term.
The official post reads that client teams will each receive 144 validators accounting to a total of 4,608 ETH to operate on mainnet. As the team continues to build robust and well-performing softwares, they can unlock rewards.
Thus, ownership of the funds vests over several years as the team maintains clients and meets performance standards on mainnet. The first proportion of funds is opened at the delivery of Beacon Chain, Ethereum’s proof-of-stake solution withdrawals.
Validators will earn transaction fees after the merge, so the program will act as a revenue stream. Teams can use the vested grants in ways they find suitable,i.e. by staking to earn further rewards or withdrawing and liquidating.
The Ethereum Foundation named the teams eligible for participation namely Besu, Erigon, Go-ethereum (geth), Lighthouse, Lodestar, Nethermind, Nimbus, Prysm and Teku.
The post read, “The structure of the program aligns teams with the long-term health of the network and ensures they are incentivized to build secure and performant software” The Client Incentive is designed to be backwards-looking and to reward teams who have already delivered production-quality software.
In the past too, The Ethereum Foundation, a non-profit organisation, had allocated a massive $1 Million grant for Ethereum and blockchain education and technology advocacy.
