The startup provides a liquid staking platform that enables cryptocurrency holders to stake their assets while maintaining liquidity and earning rewards. This service enhances yield generation for investors by allowing them to participate in network security without sacrificing access to their staked assets.
Funding
$4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Users staking ETH and liquid staked ETH tokens (LSTs) face challenges in maximizing rewards and maintaining liquidity, often requiring them to lock up assets for extended periods. This illiquidity prevents them from participating in other DeFi opportunities while their assets are staked.
Solution
Eigenpie addresses these challenges by providing a liquid restaking platform built on EigenLayer, enabling users to convert native ETH and LSTs into isolated liquid restaked ETH tokens (LRTs). This mechanism allows users to earn rewards from both Ethereum staking and EigenLayer revenue streams simultaneously, without imposing lockup periods. By integrating with various Layer 2 solutions like Zircuit and Arbitrum, Eigenpie further enhances accessibility and reward potential, distributing ZRC tokens and streamlining staking rewards. The platform's vlEGP governance token empowers users to participate in platform decisions and earn additional incentives.
Target Audience
Eigenpie targets ETH holders, LST holders, and DeFi participants seeking to maximize staking rewards while maintaining liquidity and participating in governance.
Features
- Converts native ETH and LSTs into liquid restaked ETH tokens (LRTs)
- Enables simultaneous earning of Ethereum staking and EigenLayer revenue rewards
- Supports bridging of LRTs between Ethereum and Zircuit Layer2
- Distributes ZRC tokens to vlEGP holders
- Facilitates native ETH restaking directly from Arbitrum using Chainlink CCIP
- Offers "Fast Restake" and "Slow Restake" options for flexible ETH restaking
- Provides a governance-enabling lock mechanism for $EGP holders through vlEGP
- Integrates with Gate.io Web3 Wallet for simplified asset restaking
- Partners with CupcakeHop for advanced liquidity management services