FTO Rating5
EGP
Eigenpie
Eigenpie is a decentralized finance (DeFi) project within the EigenLayer ecosystem developed by Magpie. It offers a unique service called liquid restaking for Ethereum (ETH) and liquid staking tokens (LSTs). This feature allows users to restake their ETH or ETH LSTs to earn additional rewards while still contributing to the security of the Ethereum network. Eigenpie focuses on optimizing staking yields and providing flexibility by eliminating lock-up periods for staked assets.
Categories
The token sale for this project has concluded.
Token Launched: September 25, 2024
Launched on September 25, 2024
Key Metrics
Launchpad
Magpie Launchpad
Blockchain Network
Arbitrum
Public Sale Raise
-
Listing Valuation (FDV)
-
Token Listing Price
0.6000
Total Supply
10,000,000
FTO Rating
Fair Token Offering Rating
FTO Rating Assessments
Access
Open Access.
Appreciation
Reasonable price difference between private sale and public sale.
Supply
High Supply
Transparency
Team can be verified through Linkedin under Magpie Protocol and also through Magpie's website https://www.magpiefi.xyz/about-us
Liquidity
Trading on secondary market on multiple exchanges with high liquidity.
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".
Token Metrics
| Name | Percentage | Vesting Period |
|---|---|---|
| Magpie Launchpad IDO (private sale) | 34% | 6-month cliff, followed by 2-year linear vesting |
| Magpie Launchpad IDO (public round) | 2% | 100% unlocked at the token generation event |
| Third-party launchpad | 1% | Linear vesting over 18 months |
| CEX Listing | 2.77% | 100% unlocked at the token generation event |
| Magic Treasury | 15% | Linear vesting over 2 years |
| Community Incentives | 15% | Linear vesting over 2 years |
| Airdrop | 11% | 60% unlocked at token launch, with remaining 40% unlocked 6 months after TGE |
| Liquidity | 5% | 100% unlocked at token launch |
| Strategic Investors | 5.34% | 6-month cliff, followed by 2-year linear vesting |
| Ecosystem | 8.89% | 20% unlocked at TGE, followed by linear vesting over the next 24 months |
Token Utilities
Governance
Fee Reductions
Yield Farming
Launched on September 25, 2024
Eigenpie Trading Data
ROI from Listing Price:
2.5x USD
Market Cap
$4.87M
24h Volume
$4.63M
Fully Diluted Val.
$15.10M
Market Cap / FDV Ratio
0.32
Price data provided by CoinGecko