From 1.17 billion lock-in to extensive DeFi integration, does Eigenpie (EGP) have ten times the space?

I. Project introduction

 

Eigenpie is a re-staking platform focused on Ethereum Liquid Staked Tokens (LST) holders. As a SubDAO in the Magpie ecosystem, it utilizes the technical foundation of EigenLayer to help users expand their profit potential through re-staking. The platform provides exclusive liquidity re-staking services for each LST (such as Lido's stETH, Rocket Pool's rETH, Binance Staking's wBETH, etc.), ensuring risk isolation related to specific tokens and improving asset liquidity and flexibility.

 

Users can deposit their ETH or LST into the Eigenpie platform and re-pledge them through the EigenLayer protocol. This process provides users with Liquid Restaking Tokens (LRT). These tokens represent the user's re-pledged assets, which not only maintain liquidity but also continue to accumulate staking rewards. LRT can be used for trading, transferring, or participating in more applications in the DeFi ecosystem, further improving asset utilization and returns.

 

Eigenpie has also launched the Native Restaking feature through a partnership with ssv.network, allowing users to participate in the verification process in a decentralized manner. This not only enhances the security and stability of staking operations, but also has the potential to increase the return on investment for stakers. Eigenpie aims to provide ETH holders with a more efficient and flexible asset management solution, and help users maximize the potential returns of their assets through innovative liquidity re-staking technology.

II. Project highlights

 

1. Isolated liquidity re-pledge

 

The biggest highlight of Eigenpie is its exclusive liquidity re-staking channel for each Liquid Staked Tokens (LST). This isolated design ensures the independence of each LST, effectively reduces cross-token risks, and provides a safer re-staking environment. At the same time, with the support of EigenLayer, users can obtain Liquid Restaking Tokens (LRT) representing re-staked assets, maintaining asset liquidity and continuously receiving staking rewards.

 

2. Combination of native staking and liquidity

 

Eigenpie has launched Native Restaking in collaboration with ssv.network. This feature allows users to participate in the verification process in a decentralized manner, enhancing the security and reliability of staking. Through this mechanism, Eigenpie provides stakers with a flexible way to operate, both to take advantage of the liquidity of re-staking and to obtain more profits from native staking.

 

3. Extensive LST support and DeFi integration

 

Eigenpie supports many well-known LST assets, including Lido's stETH, Rocket Pool's rETH, Binance's wBETH, etc. These tokens can be re-pledged through the Eigenpie platform to further enhance their liquidity. In addition, Eigenpie is deeply integrated with multiple DeFi platforms, such as Pancake, Pendle, and Camelot, providing users with rich usage scenarios for LRT and helping them achieve higher returns in the DeFi ecosystem.

 

4. Continued growth of TVL and solid financial support

 

Eigenpie's current total lock-up value (TVL) has reached $1.17 billion and is steadily increasing. This indicates that the platform has attracted a large number of users and capital attention, demonstrating its market prospects. In addition, although the platform has not yet disclosed the specific financing amount, Eigenpie has the support of multiple well-known investors, including Robot and Arbitrum Foundation, which has laid a solid foundation for its future development.

 

III. Market value expectations

 

Eigenpie ($EGP), as a re-staking platform focused on Ethereum Liquid Staked Tokens (LST) holders, has demonstrated its huge potential in the DeFi re-staking field with the technical support of EigenLayer and the integration of resources in the Magpie ecosystem. The platform provides users with more flexible asset management methods through isolated liquidity re-staking services and supports re-staking of multiple LSTs, such as stETH, rETH, and wBETH. Eigenpie has currently obtained a total lock-up value (TVL) of over $1.17 billion and attracted funding support from multiple well-known investors, laying a solid foundation for the future development of the project.

 

Combining Eigenpie's project positioning with the current performance of the DeFi re-staking market, we can estimate the price performance of $EGP tokens by benchmarking other decentralized staking and re-staking projects.

 

 

 

Assuming the circulating market value of Eigenpie reaches the levels of these benchmark projects, the estimated price of the $EGP token is as follows:

 

 

 

Through these benchmarks, it can be seen that Eigenpie ($EGP) has significant development potential in the DeFi ecosystem. With more users entering the re-staking market and the continuous expansion of platform functions, the token market value of Eigenpie is expected to further rise, driving up the token price.

 

1. Private placement round : 34% of the tokens will be allocated to private placement investors, and this part of the tokens will be locked for 6 months after the TGE (token generation event), followed by a two-year linear unlock to ensure the long-term interests of private placement investors and the stable development of the project.

1. Public offering round : 2% of the tokens will be distributed in the public offering round, and the public offering part will be unlocked immediately after TGE, providing early supporters with the opportunity to participate.

1. Third party launchpads : 1% of the tokens will be distributed through third party launchpads in order to attract more customer engagement to the Eigenpie ecosystem.

1. CEX Listing : 2.77% of the tokens will be distributed upon listing on a centralized exchange (CEX) to help the platform quickly increase liquidity.

1. Magpie Treasury : 15% of the tokens are allocated to Magpie Treasury for the future development of the ecosystem and to support the long-term operation of Eigenpie.

1. Community Incentives : 15% of the tokens will be used to incentivize the community and encourage more customer engagement through the distribution of incentive tokens.

1. Airdrop : 11% of the tokens will be unlocked 6 months after TGE to give back to early supporters and drive community expansion.

1. Liquidity : 5% of the tokens will be used for liquidity provision, ensuring smooth trading and market depth of the tokens.

1. Strategic investors : 5.34% of the tokens are allocated to strategic investors, and after 6 months of locking, they will be linearly unlocked for 2 years.

1. Ecological development : 8.89% of the tokens will be used for the development of the ecosystem, driving the overall expansion and innovation of Eigenpie.