Eigenpie PriceEGP

What is Eigenpie (EGP)?

Eigenpie is a liquid restaking SubDAO created by Magpie that operates on top of EigenLayer infrastructure. The platform focuses on the restaking of ETH Liquid Staking Tokens (LSTs), allowing users to convert their Native ETH and liquid staked ETH tokens into isolated liquid restaked ETH tokens (LRTs). This mechanism enables LST holders to maximize their earning potential while maintaining asset flexibility and isolating risks associated with specific tokens. EGP is the native utility token of the Eigenpie platform, with a total supply of 10 million tokens. The project launched in September 2024 and is positioned within the EigenLayer Ecosystem, DeFi, and Restaking categories.

Key Specifications & Tokenomics

• Name: Eigenpie
• Ticker / Symbol: EGP
• Token Type: BEP-20 on BNB Smart Chain; ERC-20 on Arbitrum
• BSC (BEP20) Contract Address: 0x0cc7288A11c0c31d39d0e05EB59F24e506ad6aD5
• Arbitrum (ERC-20) Contract Address: 0x7e7a7c916c19a45769f6bdaf91087f93c6c12f78
• Blockchain / Platform: BNB Smart Chain (BEP20); also listed as ERC-20 on Arbitrum
• Official Website: https://www.eigenlayer.magpiexyz.io/restake
• Community Blog: blog.eigenpiexyz.io
• Launch Date: September 19, 2024 (CoinMarketCap listing: September 23, 2024)
• Max Supply: 10,000,000 EGP
• Locking Mechanism: EGP can be locked as vlEGP (Vote-Locked EGP)
• Category: EigenLayer Ecosystem, DeFi, Restaking, Staking, Arbitrum Ecosystem, Ethereum Ecosystem
• Explorers: bscscan.com, arbiscan.io

Who created Eigenpie?

Eigenpie is a SubDAO created by Magpie, a known entity in the decentralized finance space. The project's Seed round took place in September 2024; investors include Sam Kazemian (individual investor), and Robot Ventures is listed among backers. Core development and operations run under the Magpie umbrella, and governance and strategic direction are tied to the parent entity, Magpie.

How does Eigenpie work?

Eigenpie operates as a liquid restaking platform built on EigenLayer's infrastructure. Users deposit Native ETH or accepted Liquid Staking Tokens (LSTs) into the platform. In return, they receive isolated liquid restaked ETH tokens (LRTs) that correspond to each specific LST. This modular approach means that each accepted LST has its own liquid restaked version, effectively isolating the risks associated with any particular token. By restaking assets through Eigenpie, users can compound their returns while maintaining the flexibility to use their LRTs across other DeFi applications. The platform has expanded its support beyond its initial 12 LSTs to include more tokens over time.

What makes Eigenpie unique and valuable?

Eigenpie's primary value proposition lies in its risk-isolation model. Unlike pooled restaking approaches where risks from different LSTs are commingled, Eigenpie issues separate LRTs for each accepted LST. This design allows users to choose their exposure more precisely and avoid contagion risk from unrelated assets. Additionally, the platform maximizes earning potential for LST holders by leveraging EigenLayer's restaking mechanism, which allows staked ETH to secure additional actively validated services (AVSs) and earn extra rewards. The ability to maintain liquidity through LRTs while restaking creates capital efficiency that appeals to DeFi participants seeking enhanced yield without sacrificing flexibility. Restaking carries additional risk, including slashing risk from AVSs, smart-contract risk, and the risk that LRT prices may deviate from the underlying assets; yields are variable and not guaranteed.

What is Eigenpie used for?

The EGP token serves as the native utility token of the Eigenpie platform. With a total supply of 10 million tokens, EGP can be locked as vlEGP (Vote-Locked EGP) within the Eigenpie ecosystem, granting holders governance rights and potentially other platform benefits. The token is integral to the platform's incentive structure and community governance. Token allocation includes 40% for the initial DEX offering (IDO), 35% for community incentives, and 15% for the Magpie Treasury, which is subject to a two-year vesting schedule. The Magpie Treasury receives 15% of total EGP, subject to a two-year vesting schedule. The token also facilitates participation in the platform's growth and decision-making processes, aligning token holder interests with the long-term success of the Eigenpie protocol.

How Is the Eigenpie ecosystem developing?

The Eigenpie ecosystem is built around its parent entity Magpie and leverages EigenLayer's restaking infrastructure. Bitget announced an initial listing of EGP on September 14, 2024, and the token sale ran September 20–24, 2024. The public sale allocation was 3,600,000 EGP, with a public sale cap of $2.16M at an ICO price of $5.60. The platform initially supported 12 LSTs and has since expanded to support more liquid staking tokens. EGP is tracked on major market-data platforms including CoinMarketCap and CoinGecko. The project maintains an active community presence through its X (formerly Twitter) account @Eigenpiexyz_io, Telegram channel, and official blog. Governance is facilitated through the vlEGP vote-locking mechanism, allowing token holders to participate in platform decisions.

How to mine Eigenpie?

Eigenpie does not use traditional proof-of-work mining. Instead, participants can acquire EGP through the platform's restaking and incentive mechanisms. Users can earn rewards by restaking their ETH or LSTs on the Eigenpie platform, which contributes to the network's security and functionality. Community incentives account for a significant portion of the token allocation, distributed to active participants. Additionally, EGP tokens can be obtained through public sale events or secondary markets. The vote-locking mechanism allows holders to lock their EGP as vlEGP, which may provide access to enhanced rewards or governance privileges within the ecosystem.

How to keep your Eigenpie Coin safe?

Securing EGP tokens requires standard cryptocurrency safety practices. Since EGP is an ERC-20 token and also operates on BNB Smart Chain, users should store their tokens in compatible wallets that support these networks. Hardware wallets provide the highest level of security for long-term holdings by keeping private keys offline. When interacting with the Eigenpie platform or any DeFi protocol, users should verify official URLs and smart contract addresses to avoid phishing attempts. The official token contract address on Arbitrum is 0x7e7a7c916c19a45769f6bdaf91087f93c6c12f78. The official token contract address on BNB Smart Chain is 0x0cc7288A11c0c31d39d0e05EB59F24e506ad6aD5. Users should never share private keys or seed phrases, and should consider using separate wallets for different activities to minimize risk exposure. Regular monitoring of platform announcements through official channels helps users stay informed about any security updates or potential risks.