Eden Network announced the cessation of operations and will distribute the 2000 ETH it holds to EDEN holders

ChainCatcher message, Eden Network stated, "Archer DAO was established in 2020 with the aim of creating new revenue streams for Ethereum miners by realizing MEV (Miner Extractable Value) profits. In July 2021, the Archer DAO community upgraded the project and renamed it Eden Network through a governance proposal. Due to intense competition in the MEV space and high operational costs, after careful consideration and consultation with community members, Eden Network announced the closure of operations, and products such as Eden RPC, Eden Bundles, and Mempool Stream will cease services immediately.

Eden Network currently holds 2,000 ETH, which will be distributed to EDEN holders at a fixed exchange rate of 0.00001506 ETH/EDEN. The redemption will be open from today until September 30 at 23:59 (UTC), limited to non-U.S. residents. Users with unstaked tokens are advised to redeem and unstake in a timely manner, and the remaining funds will be used for company liquidation."