Eigenpie in the LRT Track Boom: How to Maximize Returns?

Eigenpie, as a sub-DAO targeting LRT, has launched a points event today. This is currently one of the projects that provide the highest returns for TVL providers in the LRT project. Eigenpie is not only unique, but its previous sub-DAOs have also brought considerable returns, thus it has significant allocation value.

This article will analyze the participation methods, mechanism design, development prospects, and expected returns of Eigenpie, helping you to clearly grasp and maximize your returns.

A. Participation Method

Currently, depositing stETH and other LSTs can earn fourfold returns:

1. Eigenpie airdrop corresponding to 10% of the total amount
2. Eigenlayer Points will open deposits on December 5th after (.
3. Eigenpie corresponds to a total of 24% IDO share, with a 3M FDV valuation.
4. The basic yield of stored LST ) such as mETH 7% APR (

The points will provide gains based on the total scale of the fleet. The larger the scale, the higher the increase, up to a maximum of two times. It is recommended to choose a large-scale fleet to participate.

![How to maximize profits on Eigenpie amidst the popularity of the LRT racing track?])https://img-cdn.gateio.im/webp-social/moments-ca770b846440ffe8df189eaeb5556f55.webp(

B. Mechanism Design

Eigenpie adopts the isolate LRT )ILRT( model, issuing corresponding Tokens for each LST to isolate risk.

Currently, Eigenlayer has launched multiple LSTs. If an LRT project uniformly accepts all LSTs, it must bear the risks of all underlying LSTs. Once a certain LST encounters a security issue, it could cause a devastating blow to the entire project.

Therefore, Eigenpie's ILRT model can effectively isolate risks. Although this also isolates liquidity, the advantage of LRT supporting LST compared to LRT supporting native staking lies in the ability to fully utilize the liquidity of the underlying LST. Separate mrETH/rETH and mmETH/mETH trading pairs are more beneficial for collaborating with LST project parties to incentivize liquidity.

![How to maximize profits on Eigenpie amidst the popularity of LRT tracks?])https://img-cdn.gateio.im/webp-social/moments-0f3616c6cbec4efb16efb422b42840dc.webp(

C. Development Prospects

Although Eigenpie was launched relatively late, it fills an important market gap: all LSTs that have gone live on Eigenlayer are eager to participate in the LRT narrative, and Eigenpie is currently the best solution. Each LST has an independent LRT, eliminating concerns about dressing up for others. High-yield LSTs like mETH can also continue to leverage their advantages.

The project team also has a strong willingness and capability to promote the trading of tokens such as mstETH on DEX or launch them on Pendle, as these can bring substantial profits to the sub-DAOs under Magpie, such as Cakepie and Penpie.

![How to maximize profits on Eigenpie amidst the popularity of the LRT track?])https://img-cdn.gateio.im/webp-social/moments-c035aa6fdf62c0c5bd4aef705f8ef70f.webp(

D. Expected Returns

Token Economic Model:

• IDO: 40%
• Airdrop: 10%
• Incentive: 35%
• Magpie Treasury: 15%) is not sold by default, staking dividends are given to vlMGP(

This is basically a fair distribution model, with the difference being that the IDO whitelist is primarily aimed at TVL providers.

TVL providers can receive:

• 10% airdrop of total supply
• 60% of IDO share ) IDO accounts for 40% of the total, 3M FDV valuation (

34% of the total amount is given to TVL providers, accounting for about 70% of the initial circulation, and there will be no future VC sell pressure.

Currently, the LRT narrative is hot, with an RSTK market cap of 35M and a TVL of only 7M, while its FDV reaches 180M. Eigenpie's final TVL is likely to far exceed that of RSTK. If we benchmark against RSTK's FDV, the total profit for TVL providers could reach 60M.

Assuming a token issuance in two months, with an average TVL of 200M, the annualized yield can reach 180% APR, not including the underlying Eigenlayer point rewards. Participating in the first 15 days also offers a 2x point bonus.

Reviewing the previous IDO performance of Magpie's sub-DAO:

• Penpie: IDO 3M FDV, up 14 times
• Radpie: Average 7.5M FDV, increased by 1.4 times
• Cakepie: IDO 20M FDV, increased by 2.4 times

This foray into the larger LRT track, combined with the 3M FDV valuation and a large airdrop and IDO share for TVL providers, is expected to replicate or even surpass past glories.

Summary

• Participation requires teamwork to achieve higher point increases.
• The ILRT mechanism can isolate the risks of each LST.
• Can fully leverage Magpie's resource advantages in Pendle/Pancake
• The vast majority of rights are clearly given to TVL providers, IDO is transparent and fair.

![How to maximize your profits on Eigenpie amidst the popularity of the LRT track?])https://img-cdn.gateio.im/webp-social/moments-db76ff56d12715d8bad99844e25d5e9f.webp(