Eigenpie (EGP)IDO IEO Eigenpie, developed by Magpie, is a platform within EigenLayer focusing on Liquid Restaking services for Ethereum. It allows users to deposit Liquid Staking Tokens (LSTs) and receive a liquid restaked version, enhancing yield on ETH holdings and increasing capital efficiency. Seed Round: N/A IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice. |
Overview
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What is Eigenpie
Eigenpie is the first isolated liquid restaking platform for ETH LSTs, leveraging the infrastructure of EigenLayer and allowing native ETH and ETH LST holders to earn more.
As a SubDAO created within the Magpie ecosystem, Eigenpie contributes to EigenLayer by enabling a process known as liquid restaking. Through this feature, users can deposit their ETH or LSTs into Eigenpie's platform, which then restakes these tokens using the EigenLayer protocol. This mechanism allows users to receive liquid restaking tokens (LRTs) that represent their restaked ETH and LSTs and continue to accrue staking rewards. These LRTs maintain liquidity, meaning they can be traded, transferred, and utilized across DeFi applications, offering additional yield opportunities.
The integration of Eigenpie with EigenLayer introduces several benefits, such as enhancing network participation and security by increasing the flexibility of "native staking and "liquid staking" through "liquid restaking".
DetailsIDO (Magpie Launchpad): Sep 18, 2024 - Sep 24, 2024IDO (ByBit Launchpad): Sep 18, 2024 - Sep 25, 2024 IEO (Gate Launchpad): Sep 23, 2024 - Sep 25, 2024 IEO (KuCoin Launchpool): Sep 25, 2024 - Oct 03, 2024 Token supply: 10,000,000 EGP LegalBlockchain Platform: EthereumRegistration year: 2023 | Token infoTicker: EGPType: Utility-token Token standard: ERC-20 Token price in USD: 1 EGP = 0,6 USD Token distribution: 34% - EGP IDO (Private Round) 2% - EGP IDO (Public Round) 1% - Thirdparty Launchpad 2,77% - CEX Listing 15% - Magpie Treasury 15% - Community Incentives 11% - Airdrop 5% - Liquidity 5,34% - Strategic Investors 8,89% - Ecosystem |