Eigenpie

About Eigenpie

Eigenpie aims to deliver Liquid Restaking services by leveraging the technology of EigenLayer. The main focus of Eigenpie is to maximize passive income opportunities while contributing to the long-term development of the Ethereum ecosystem. On Eigenpie, participants are provided with the chance to deposit their ETH and LSTs to receive a liquid restaked version of their tokens. Through this restaked version of their assets, users can effectively add another layer of yield to their ETH positions, Highlight/Vision: - Total Value Locked _TVL_ Growth: Eigenpie has successfully increased the TVL to $1 billion, marking a significant milestone in its journey. - The Magpie eco has achieved victory in several key DeFi wars, such as Pendle war, PancakeSwap war, Radiant war, and Camelot war. This series of wins grants Magpie control over the emissions from these key DeFi protocols. As a result, Eigenpie LRTs stand to gain liquidity and utility with backing from the Magpie eco. - Eigenpie introduced the first SSV-enabled native ETH re-staking initiative. This advancement is expected to boost the native restaking yield of ETH by as much as 50%, while also contributing to the decentralization of ETH staking. - Eigenpie created a specialized version of liquid re-staking tailored for institutions. This iteration will feature a unique Eigenpod for each institution, enabling them to maintain non-custodial control over their re-staked ETH. - Our fair launch comes at an exceptionally low valuation, with the majority of IDO allocation going to the community instead of VCs. - EGP holders can earn a share of restaking rewards from Eigenpie stakers and participate in governance decisions. - We have the support of top foundations, VCs, project teams, and industry-leading builders. Token Economics: Governance Participation: The ability to vote on crucial governance proposals related to the Eigenpie protocol will incentivize token holders to acquire and hold EGP. This includes decisions on operator whitelisting, AVS whitelisting, deposit assets whitelisting, and treasury and community grants, all of which are essential to the protocol_s operation and success. Rewards sharing: Eigenpie will charge a percentage fee from the restaking rewards of depositors. These fees will be distributed to EGP token holders, providing a direct financial incentive to hold and stake the token. Technical Overview: Eigenpie is a liquid restaking platform built on EigenLayer, offering a unique approach by isolating risks associated with specific LST assets. Users can deposit ETH or LSTs and receive a liquid restaked version of their assets, enhancing yield, liquidity, and capital efficiency while minimizing asset-specific risks. Token Allocation: Private Round 34%: 6-month cliff, followed by 2-year linear vesting Public Round 2%: 100% unlocked at Token Generation Event _TGE_ PancakeSwap IFO 1%: Linear vesting over 18 months CEX Listing 2.77%: 100% unlocked at Token Generation Event _TGE_ Magpie Treasury 15%: Linear vesting over 2 years Community Incentives 15%: 20% unlocked at TGE, followed by block-by-block linear vesting over the next 18 months Airdrop 11.00%: 60% unlocked at TGE, with the remaining 40% unlocked 6 months after TGE Liquidity 5.0%: 100% unlocked at Token Generation Event _TGE_ Strategic Investors 5.34%: 6-month cliff, followed by 2-year linear vesting Eco 8.89%: 20% unlocked at TGE, followed by linear vesting over the next 24 months