PANews reported on December 7 that according to Cointelegraph, Eigen Labs plans to launch an upgraded version of Rewards v2, which aims to bring greater flexibility, efficiency and customization to rewards in the EigenLayer ecosystem. The testnet launch will be deployed on the Holesky testnet on December 12 and will be deployed on the mainnet in January next year.

The proposed upgrade is also the first EigenLayer Improvement Proposal (ELIP) using the EigenLayer Governance Process (EigenGov) recently announced by the Eigen Foundation. The Rewards v2 upgrade proposes to expand the platform rewards functionality, introducing several features: Operator-oriented rewards: AVS can reward operators based on performance or custom logic. Variable operator fees: Operators can set their own rates based on AVS, providing economic flexibility and attracting diverse participation. Batch reward claiming: Stakers and Operators can claim multiple rewards in a single transaction, thereby reducing gas costs.

These upgrades enable AVS to dynamically incentivize operators, allowing for the customization of reward mechanisms that better suit their specific needs.