Hey everyone! It’s been one heck of a ride so far, and ETH governance is just getting started. Below you’ll find a short re-cap of what happened so far, and the roadmap going forward. The Good Stuff EGL Genesis had exceeded our expectations, and ~11,000 ETH had been staked by Genesis participants…

Uri Klarman, EGL Following EGL’s launch, and especially following the EGL’s first vote on the desired gas limit, many ETH core devs raised their concerns on the effect of EGL (not everyone — quite a few, including the Erigon team, had been very supportive). The concerns raised were: EGL can…

TL;DR: The second and third voting epochs closed. With measured up/down voting again, the community opted to nudge the gas limit up slightly in both epochs and stakers took home over 18M EGLs in rewards each week. With the close of Epoch 2, the new desired gas limit was set…

TL;DR: The first voting epoch closed on Friday, August 20th! In a round marked by measured up/down voting, the community opted to nudge the gas limit up by 0.5% and took home over 18M EGLs in rewards.

TL;DR: On August 13th, EGL holders can go to EGL.vote and vote on their individual desired gas limit. For the first year, those that vote can earn their share of 500M EGL rewards.

EGL’s design was conceived for it to be fully functional on Day 1 and to allow the community to immediately control and govern the system. At launch EGL holders can vote on their desired gas limit and miners can follow the vote. …

TL;DR: EGL is cleverly using the Balancer Protocol to launch EGL with value. Showing EGL has value kickstarts EGL’s flywheel and is the missing key to incentivize miners to listen to EGL holder’s desired Ethereum gas limit (block size). What is EGL? The Ethereum Eagle Limit (EGL) lets anyone in ETH influence the…

TL;DR — EGL lets you influence an important parameter in ETH 1.x — the gas limit. This has value for all DAOs and their users. Why the gas limit matters for protocols The success of protocols depends on the degree to which they are used, which in turn depends on a healthy ETH network. What’s a major…

TL;DR: CoinList will offer access to EGL’s Genesis and staking services. We are extremely excited to announce that CoinList will be offering its customers access to participate in EGL’s Genesis event, providing an access point to Genesis and staking services for the community. …