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Eigenpie is an LRT protocol on EigenLayer and part of the Magpie ecosystem. It offers users a more security-focused, isolated restaking approach by creating separate asset buckets for each LST or ETH token. This mitigates the risk of a depeg event in one asset affecting the performance of an LRT token tethered to another LST.
The platform is powered by the native $EGP token, primarily used for governance within the Eigenpie DAO.
Recently, the project set an IFO round on PancakeSwap for September 24, 2024, allocating 100,000 $EGP for sale.
CoinLaunch Score:
Last update:
Low
24 Sep 2024
Eigenpie - IFO on Pancakeswap Overview
start date:
24 Sep 2024
end date:
25 Sep 2024
price:
$0.6
tokens for sale:
100,000
Raise:
$60,000
Min. Buy:
N/A
Max. Buy:
N/A
Industry:
Blockchain Service
Lock-up:
Launchpad
Linear vesting over 18 months
PancakeSwap
How to join Eigenpie - IFO on Pancakeswap?
To participate in the $EGP IFO round on PancakeSwap, you need to acquire $CAKE tokens on the Arbitrum blockchain and visit the IFO page on PancakeSwap. There, you have the option to join either the Basic pool or the $veCAKE holders pool, each allocated 30,000 $EGP tokens.
- Basic Pool
To join this pool, you need to contribute a limited amount of $CAKE tokens to a specific LP on PancakeSwap to receive a proportional share of $EGP tokens. Although the pool has a hard cap, it can still be oversubscribed by other users.
In such cases, you will receive an allocation proportional to your staking share in the pool, and your $CAKE will be automatically converted into $EGP tokens after a 1.5% participation fee, with any unspent $CAKE refunded.
- $veCAKE Pool
If you are a holder of $veCAKE tokens, you can deposit an unlimited amount of $CAKE, regardless of the hard cap. In this pool, $veCAKE token holders can deposit up to twice the amount of $veCAKE they hold in their wallet.
For example, if a user holds 1,000 $veCAKE, they can deposit up to 2,000 $CAKE tokens. As in the Basic Pool, your token allocation will be determined by the amount of $CAKE deposited, with unspent tokens refunded after a 1% participation fee.
❗️ Please note that $veCAKE exists only on the BNB Chain and is not bridgeable to the Arbitrum network. To confirm your $veCAKE balance, simply connect the wallet where you hold $veCAKE to the IFO page on the Arbitrum network and use that wallet to participate in the IFO.
Learn more about the IFO on PancakeSwap here.
Step-by-step Guide
Acquire some $CAKE tokens on the Arbitrum chain in your wallet;
Go to the $EGP IFO page;
Participate in the Basic IFO pool;
If you hold $veCAKE, participate in the $veCAKE pool;
Receive your tokens and refunds once the IFO ends.
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