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Restaking protocols can distribute rewards in any ERC-20 token. However, users typically receive fractional amounts of these rewards, making them inconvenient to claim or trade. This situation can lead to a frustrating user experience, with poor returns for restakers, low token utilization, and increased selling pressure on reward tokens. King Protocol (formerly known as LRT²) offers a solution through a unified restaking reward. KING represents a share of a vault full of restaking rewards. LRTs deposit restaking rewards into the vault and then mint and distribute KING to their restakers. This streamlined system significantly reduces transaction costs and improves the efficiency of restaking reward distribution. It is particularly beneficial for small stakers, who might otherwise find managing and trading fractional rewards challenging. For larger stakeholders, the ability to redeem or arbitrage the vault share tokens creates an active market, helping to stabilize the King token price and drive liquidity.
Buy King ProtocolEarn up to $2,000 when you buy $50 in crypto
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1
$12.91M
-13.73%
$27.92M
10K KING
22K KING
345 KING
$11.95M
Not enough data
0%
$727.00
-39.21%
$624.66K
$2.58M
$3.39K
-31.44%
KING vs markets
↘ 64.86%
KING vs BTC
↘ 66.86%
KING vs ETH
↘ 63.1%
Tags
defi
restaking
rehypothecated-crypto
Network | Address | |
---|---|---|
Ethereum | 0x8F08B70456eb22f6109F57b8fafE862ED28E6040 | |
Arbitrum | 0x2e412435928EFE43b156Caa8F4B1068729fEE275 | |
Base | 0xE22C243c7559C667a1EB94B593369D192c5fbac0 |
Time | Price | Change |
---|---|---|
Today | $1,286.57 | ↘ 7.45% |
1 Day | $1,392.34 | ↘ 7.45% |
1 Week | $1,131.97 | ↗ 16.23% |
1 Month | $962.67 | ↗ 33.93% |
1 Year | $1,880.49 | ↘ 31.44% |
We update our King Protocol to USD currency in real-time. Get the live price of King Protocol on Coinbase.
The current market cap of King Protocol is $12.91M. A high market cap implies that the asset is highly valued by the market.
Earn up to $2,000 when you buy $50 in crypto
Earn free crypto after making your first purchase.
Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Popularity in posts
#5386
Contributors
5
Posts
9
% About King Protocol
0.002%
Hold times
0 days
X (Twitter)
0% bullish
Sentiment
1.7 ★
Highlights
5 unique individuals are talking about King Protocol and it is ranked #5,386 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, King Protocol has an average sentiment score of 33 out of 5. Finally, King Protocol is becoming less newsworthy, with 0 news articles published about King Protocol.
On Reddit, King Protocol was mentioned in 0 Reddit posts and there were 0 comments about King Protocol. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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