Eigen Foundation Awards First Strategic Grant to Celo Foundation for Layer-2 Integration

The Eigen Foundation has awarded its first strategic grant to the $Celo Foundation to support the integration of EigenDA, an off-chain data availability layer, into $Celo's upcoming Ethereum Layer-2 network. This initiative, proposed by cLabs, aims to enhance $Celo's scalability and security while maintaining low transaction fees. The grant will be managed by the $Celo Foundation through the on-chain Community Fund, aligning with $Celo's long-term strategy to grow its Layer-2 ecosystem. The integration of EigenDA, which offers high throughput and efficient data availability, is a crucial step in $Celo's transition to an Ethereum Layer-2, supported by community governance and technical alignment.