About King Protocol
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.
Trading Insights
Traders
6
0%
Market Stats
Market Cap
£1.48M
1.33%
FDV
£3.06M
Circ. Supply
10K KING
Max Supply
22K KING
Total Supply
181 KING
Diluted Valuation
£1.29M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
£54.39
2,333.33%
Volume (7D)
£8.16K
Volume (30D)
£32.42K
All time high
£2.53K
Price Change (1Y)
Not enough data
71.68%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Additional details
Recent trends
The price of King Protocol has decreased by 2.88% in the last hour and decreased by 1.80% in the past 24 hours. King Protocol’s price has also fallen by 6.43% in the past week. The current price is £146.45 per KING with a 24-hour trading volume of £54.39. Currently, King Protocol is valued at 94.20% below its all time high of £2,525.24. This all-time high was the highest price paid for King Protocol since its launch.
The current circulating supply of King Protocol is 10,431.03 KING which means that King Protocol has as total market cap of £1,481,654.74.
Market details
KING vs markets
↘ 70.13%
KING vs BTC
↘ 66.48%
KING vs ETH
↘ 73.97%
Tags
defi
restaking
rehypothecated-crypto
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x8F08B70456eb22f6109F57b8fafE862ED28E6040 | |
Arbitrum | 0x2e412435928EFE43b156Caa8F4B1068729fEE275 | |
Base | 0xE22C243c7559C667a1EB94B593369D192c5fbac0 |
Price history
Time | Price | Change |
|---|---|---|
Today | £146.45 | |
1 Day | £144.69 | |
1 Week | £152.39 | |
1 Month | £141.98 | |
1 Year | £519.28 |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
King Protocol calculator
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Legal
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.
