Enhancing Liquid Staking Tokens on Eigenpie
As the first Isolated Liquid Restaking Platform, Eigenpie has been designed to prioritize security and sustainability in the long term. Eigenpie will provide Liquid Staking Token holders the opportunity to restake their assets and expand their earning potential. By creating a dedicated liquid restaked version for each LST accepted on our platform, Eigenpie effectively isolates the risks associated with any specific LST. This approach opens up an avenue for LST holders to participate in Liquid Restaking and enhance their passive income through Eigenpie without being exposed to the volatility of other assets.
Collect Eigenpie Points to get EGP Airdrop & IDO Quota
To show appreciation for our early supporters, users who deposit any of the accepted $ETH LSTs on Eigenpie will start to accumulate Eigenpie points. These points will entitle participants to receive an airdrop of Eigenpie’s EGP token and an IDO allocation, proportional to the total points they have accumulated on the platform. (Eigenpie Points holder will share 10% of the EGP supply as airdrop + 60% of the total IDO allocation.)
The points accumulation rate is set at 1 point per hour for each deposited ETH LST. Users can accumulate 1 point at the end of each hour by holding 1 supported Liquid Staking Token within Eigenpie. The more LSTs you deposit and hold on Eigenpie, the more points you secure for the upcoming EGP airdrop and IDO allocation. The EGP token will be fairly launched with a low 3M FDV.
Refer and Earn More
Early depositors on Eigenpie have the opportunity to participate in our early access campaign and refer their friends. By referring others, depositors can earn additional points proportional to the points accumulated by their referees. For each point a referee accumulates, the referrer will earn 0.1 points at the end of each hour.
Referrers and referees form a group that can be expanded by adding more referrals from the group participants.
Group constitution example:
A refers B, A refers D
B refers C
A, B, C, and D will be in the same group.
E refers F
F refers G
E, F, and G will be in the same group.
If a group surpasses a certain amount of Liquid Staking ETH deposits (as specified below), a point multiplier will be activated for each group member based on their group bracket.
Here are the group point multiplier brackets:
Basically If a group surpasses 1000 ETH LSTs, then all users in this group will accumulate 1.6 points per hour per LST they deposit.
Example:
At 12 pm:
User A deposits 20 ETH to Eigenpie.
At 5 pm:
User A: Accumulates 20 * 5 = 100 points
User B: Deposits 20 ETH
At 7 pm:
User B: Accumulates 20 * 2 = 40 points
User A: Accumulates 100 + 20 * 2 = 140 points; also, 40 * 0.1 = 4 points come from the referral of User B. In total, 140 + 4 = 144 points were accumulated by User A.
Table of Accumulated Points for User A:
Eigenpie will offer a special promotion during the first 15 days to encourage early deposits by doubling your points with a 2x multiplier. Seize this limited-time opportunity to maximize your points on Eigenpie for the EGP Airdrop and IDO allocation. Make sure to deposit your LSTs and benefit from this early boost.
Additionally, as an LST depositor on Eigenpie, you will accumulate Eigenlayer points, thereby adding more value to your participation. Stay tuned to our social media channels to make sure you seize this golden opportunity.
The Tokenomics of EGP: Promoting Fairness and Transparency
Token Information
- Name: Eigenpie Token
- Symbol: EGP
- Total Supply: 10 Million
- Token Type: ERC-20
Token Distribution:
- IDO: 40%
- Community Incentives: 35%
- Magpie Treasury: 15%
- Early Supporters Airdrop: 10%
At Eigenpie, we trust that a fair launch is fundamental for the widespread adoption and advancement of the DeFi space. With this principle in mind, our upcoming EGP token will be introduced through a fair launch process, without any involvement of VCs or pre-sale activities, except for a fair IDO. We are committed to ensuring equal opportunities for all participants.
To showcase our commitment towards our early and core supporters, the Eigenpie team has formally renounced its allocation of tokens. Instead, 15% of the EGP tokens will be allocated to the Magpie Treasury. This decision reflects our dedication to creating a level playing field and rewarding those who have placed their trust in our ecosystem from the beginning.
Stay attentively tuned to Eigenpie as we roll out the highly anticipated Early Access Campaign, and ready yourself to join us on this exhilarating voyage!
About Eigenpie: Eigenpie is an innovative SubDAO created by Magpie, focusing on the restaking of ETH tokens and ETH LSTs via EigenLayer. As a liquid restaking platform for Ethereum, Eigenpie’s core mechanism enables users to turn their Native ETH and liquid staked ETH tokens (LSTs) into isolated liquid restaked ETH tokens (LRTs). These are restaked versions of ETH and ETH LSTs, created by Eigenpie. This process allows users to earn passive income from Ethereum staking and EigenLayer revenue simultaneously, without requiring a lockup period.
