Eigenpie: The Rise of a New Star in the LRT Track

Eigenpie, as a sub-DAO for LRT, has launched a points activity today, bringing substantial rewards to TVL providers. This article will delve into the participation methods, operational mechanisms, development prospects, and expected returns of Eigenpie, helping you maximize your gains.

Participation Method

Currently, depositing stETH and other LSTs can yield multiple benefits:

• Eigenpie integral, corresponding to an airdrop of 10% of the total amount
• Eigenlayer Points (available for deposits after February 5)
• Eigenpie corresponds to 24% of the total IDO allocation, with a 3M FDV valuation.
• The basic earnings of the stored LST

The points will provide gains based on the size of the deposit, with larger sizes resulting in higher increments, up to a maximum of two times. It is recommended to choose a larger deposit pool for higher returns.

operating mechanism

Eigenpie has launched the concept of Isolated LRT (ILRT), issuing corresponding tokens for each LST to isolate risks. This design can effectively prevent the potential impact of a single LST encountering issues on the entire project.

Although isolating risks also isolates liquidity, this will not cause too much of a problem. One of the advantages of LRT supporting LST compared to LRT supporting native staking is that it can fully utilize the liquidity of the underlying LST. Separate trading pairs are actually more beneficial for collaborating with LST project parties to incentivize liquidity.

development prospects

Eigenpie fills a market gap by providing the best solution for participating in the LRT narrative for LSTs that have already launched on Eigenlayer. Each LST has its own independent LRT, so there is no need to worry about dilution of interests. High-yield LSTs (such as mETH) can continue to leverage their advantages.

The project team has a strong willingness and capability to promote the token's listing on exchanges and DeFi platforms, which will bring considerable revenue to its other sub-DAOs.

Expected Returns

Token Economic Model:

• IDO: 40%
• Airdrop: 10%
• Incentive: 35%
• Treasury: 15%

This is a relatively fair issuance model, with most IDO whitelists clearly allocated to TVL providers.

TVL providers will receive:

• 10% airdrop of total supply
• 60% of the IDO share (IDO accounts for 40% of the total, with a $3M FDV valuation)

A total of 34% of the tokens will be allocated to TVL providers, accounting for about 70% of the initial circulation. There will also be no venture capital sell-off pressure in the future.

Considering the current popularity of the LRT track, Eigenpie's potential valuation may far exceed that of existing projects. According to conservative estimates, if the token is issued in two months, with an average TVL of $200 million, the annualized return could reach around 180%, not including Eigenlayer point rewards.

Early participants can enjoy double points increase in the first 15 days.

Summary

• Points acquisition requires selecting a larger deposit pool to achieve a higher increase.
• The unique ILRT mechanism can effectively isolate risks of various LSTs.
• Able to fully utilize existing DeFi ecosystem resources to accelerate development
• Adopts a fair distribution model, with the vast majority of rights clearly allocated to TVL providers.