Eigenpie logo
WebsiteMagpie Launchpad

Eigenpie (EGP)

IDO
Ongoing IDO
Token sale: Sep 18, 2024 – Sep 24, 2024

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.

minotaurus bannerminotaurus banner

Overview

Project industryEthereum Ecosystem
Product typePlatform
WhitepaperEigenpie White Paper Open

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".

Details

IDO (Magpie Launchpad): Sep 18, 2024 - Sep 24, 2024
Token supply: 10,000,000 EGP

Legal

Blockchain Platform: Ethereum
Registration year: 2023

Token info

Ticker: EGP
Type: 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

Social media

Eigenpie web-siteEigenpie MediumEigenpie TelegramEigenpie X (Twitter)Eigenpie Discord

MVP

MVP URL

Leave a Reply

Your email address will not be published. Required fields are marked *

Sponsored Crypto Projects

Newly Published