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IOHK Invests Six-Figure Sum Into Crypto Asset Manager Wave Financial
Charles Hoskinson, IOHK's CEO, will become an adviser to Wave Financial as part of the deal.
Di Paddy Baker

Cardano developer house IOHK has made a six-figure investment into Wave Financial, its partner for a new $20 million Cardano fund.
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- An IOHK spokesperson confirmed the investment had just been made, but declined to comment on the equity arrangement and any plans to make further commits into Wave.
- CoinDesk understands the sum isn't big enough for IOHK, a Hong Kong-based company, to have significant sway over Wave's corporate governance.
- Charles Hoskinson, IOHK's CEO, will become an advisor to Wave Financial as part of the deal.
- IOHK invested $10 million into a joint "cFund" to support startups and early-stage businesses working on Cardano and other IOHK tech initiatives last week.
- Wave Financial, a private company based in Los Angeles and London, said it would raise the other $10 million from external investors.
See also: Coinbase Custody to Support Secure Cardano Staking This Year
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Protocol Research: GoPlus Security

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Foundation behind restaking protocol EigenLayer plans bigger rewards for active users

An Incentives Committee would direct programmatic token emissions, focusing allocations on participants that secure AVSs and contribute to the EigenCloud ecosystem.
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- The Eigen Foundation has unveiled a governance proposal aimed at ushering in new incentives for its EIGEN token, shifting the protocol’s reward strategy to prioritize productive network activity and fee generation.
- Under the plan, a newly formed Incentives Committee would manage token emissions, prioritizing participants who secure Actively Validated Services and expand the EigenCloud ecosystem.
- The proposal includes a fee model that channels revenue from AVS rewards and EigenCloud services back to EIGEN holders, potentially creating deflationary pressure as the ecosystem grows.
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