LrtSquare
$459.9
0.77%
Past Day
Market Stats
Market Cap
$5.08m
24h Volume
$30.18k
FDV
$5.08m
Max Supply
11.04k
About
Contract
0x8F08...6040
Created
Oct 9, 2024
Website
kingprotocol.org
𝕏
Twitter
@thekingprotocol
What is LrtSquare?
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.