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.
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Trading Insights
Traders
7
0%
Market Stats
Market Cap
MX$34.28M
0.78%
FDV
MX$70.75M
Circ. Supply
10K KING
Max Supply
22K KING
Total Supply
180 KING
Diluted Valuation
MX$28.82M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
MX$52.31
93.88%
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
MX$59.09K
Price Change (1Y)
Not enough data
77.89%
Additional details
Market details
KING vs markets
↘ 70.04%
KING vs BTC
↘ 71.24%
KING vs ETH
↘ 75.44%
Tags
defi
restaking
rehypothecated-crypto
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x8F08B70456eb22f6109F57b8fafE862ED28E6040 | |
Arbitrum | 0x2e412435928EFE43b156Caa8F4B1068729fEE275 | |
Base | 0xE22C243c7559C667a1EB94B593369D192c5fbac0 |
Price history
Time | Price | Change |
|---|---|---|
Today | MX$3,237.65 | |
1 Day | MX$3,165.43 | |
1 Week | MX$3,248.95 | |
1 Month | MX$4,200.21 | |
1 Year | MX$17,253.61 |
FAQ
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.
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Legal
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.
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