KING
King Protocol
$1315,38
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| LRT2 | ERC20 | ETH | 0x8f08b70456eb22f6109f57b8fafe862ed28e6040 | 2024-10-09 |
Conócenos King Protocol
King Protocol (KING) is a unified restaking rewards protocol on Ethereum that simplifies the distribution of staking rewards by consolidating them into a single token. Developed by a team with deep DeFi expertise and backed by prominent industry figures, King Protocol enhances user experience by reducing transaction costs and complexity associated with managing multiple reward tokens.
King Protocol (KING), formerly known as LRT², is a unified restaking rewards protocol operating on the Ethereum blockchain. It addresses the complexities of distributing fractional ERC-20 token rewards from various restaking protocols by consolidating them into a single token, KING. This approach simplifies the reward claiming process for users and enhances liquidity within the decentralized finance (DeFi) ecosystem
KING serves multiple functions within the King Protocol ecosystem:
Unified Reward Representation: KING tokens represent a share of a vault containing restaking rewards from various protocols.
Simplified Reward Distribution: By consolidating multiple reward tokens into KING, users receive a single token, reducing transaction costs and complexity.
Liquidity Provision: KING tokens can be traded on decentralized exchanges, providing liquidity and enabling users to participate in other DeFi activities.
Redemption: Holders can redeem KING tokens for their proportional share of the underlying assets in the vault.
King Protocol was developed by a team with expertise in DeFi operations, token economics, risk management, and smart contract design. The project is primarily powered by AlphaGrowth, a leading DeFi operations and growth firm. In early 2025, King Protocol raised $2 million in strategic funding from industry leaders, including Arthur Hayes, Justin Sun, Marc Zeller, EtherFi, Kelp, EigenPie, and Swell.