This article will analyze Eigenpie's airdrop gameplay, mechanism, prospects, and revenue expectations to help you maximize your returns.

Airdrop Gameplay

• Eigenpie Tokens, corresponding to 10% of the total supply
• Eigenlayer Tokens (available after Eigenlayer opens for deposits on February 5th)
• Eigenpie's share of 24% of the IDO allocation, with a $3M FDV undervaluation
• Basic yield from stored LST (e.g., if mETH APR is 7%, you can continue to enjoy 7%)

It's best to band together because rewards will be provided based on the total size of the fleet, with larger fleets receiving higher rewards, up to double.

Mechanism

Eigenpie is committed to developing the Isolate LRT (ILRT) system, issuing a corresponding Token for each Layered Security Token (LST) to isolate risks. Currently, there are many different LSTs on Eigenlayer, and if an LRT project accepts all LSTs indiscriminately, the project will bear the risks of all underlying LSTs. Once a specific LST experiences a security issue, it could have a devastating impact on the project.

Prospects

All Layered Security Tokens (LSTs) listed on Eigenlayer are eager to participate in the story of Layered Risk Tokens (LRT), and Eigenpie seems to be the best choice at the moment. Each LST has its own independent LRT, eliminating the need to worry about making a marriage for other projects. High-yield LSTs like mETH can also continue to leverage their advantages.

Revenue Expectations

Let's first look at the token economy:

• IDO: 40%
• Airdrop: 10%
• Incentives: 35%
• Magpie Treasury: 15% (usually not sold, staking dividends given to vlMGP)

It's basically a FairLaunch operation, with the main difference being that most Fairlaunches have a lot of whitelist pre-sales, while this IDO whitelist is mostly transparently given to TVL providers.

The benefits provided to TVL providers include:

• 10% of the total supply airdrop
• 60% of the IDO allocation, which accounts for 40% of the total supply, at a $3M FDV valuation

In other words, a total of 34% of the total supply, consisting of 10% plus 60% multiplied by 40%, will be provided to Total Value Locked (TVL) providers. This accounts for approximately 70% of the initial circulating supply and there will be no pressure from venture capital for the foreseeable future.

Conclusion

• Airdrops require grouping together for greater gains
• The unique mechanism isolates the risks of each LST with ILRT
• Advantages include being able to leverage resources accumulated by Magpie Pendle/Pancake to accelerate development
• The vast majority of benefits are transparently given to TVL providers, with IDO quotas transparently allocated through Fairlaunch.

Development Contacts