EGL
  • 🦅The Ethereum Eagle Project (EGL)
  • Protocol Overview
    • Key Functionality
    • EGL Genesis
      • Genesis
      • Release Schedule
      • Balancer Deployment
    • Voting
      • Vote, Revote, Withdraw
      • Calculating desiredEgl
      • Voting Threshold
      • Rewards
      • Leaderboard
    • Mining Pool Reward
    • The DAO
      • EGL Signals
        • Allocations
    • Token Distribution
  • Developer Documentation
    • Architecture
    • Voting
      • Claiming EGLs
    • Withdrawing EGLs
    • Withdrawing Pool Tokens
    • Tally Votes
    • Setting the gasLimit and gasTarget
    • Claiming Miner Rewards
    • Internal Functions
  • Governance
  • Governance Model
  • User Guides
    • Genesis
    • Voting
      • Claim & Vote
      • Vote
      • Revote
    • Helpful Tips
  • Appendix
    • Formulas
    • Attributes
    • FAQs
      • Design
      • Genesis
      • Voting
      • Other
    • Audits
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  1. Protocol Overview

Key Functionality

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Last updated 3 years ago

The Eagle Project defines an ERC-20 token which allows its holders to vote on their desired value for Ethereum's Gas Limit (desiredEgl), and incentivizes pools to follow their collaborative decision.

The key functions of the EGL smart contract are:

  1. Allowing EGL holders to vote on their desired gas limit.

  2. Weekly tally, which gradually adjusts desiredEgl.

  3. Awarding pools with EGLs when they mine blocks following the vote, adjusted according to how closely they match desiredEgl.

  4. Creating an ETH-EGL market, to ensure pools are immediately incentivized to follow the EGL vote.

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