Announcements Introducing Eigenpie(EGP) on Launchpool: Stake to Earn Mining Rewards!

Introducing Eigenpie(EGP) on Launchpool: Stake to Earn Mining Rewards!

2024-09-29 06:44:36 UTC 13550 Read

EGP/USDT -13.82%

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About Gate.io Launchpool Program
Launchpool is a platform where users can stake their assets or provide liquidity to earn rewards in new project tokens. Users can lock specified tokens in the Launchpool pool to receive corresponding project token rewards.
<a href="https://www.gate.io/startup-mining?gt_disable_intercept_jump=1&needNavBar=0" target="_blank">Visit Launchpool and learn more</a>

**1.Introduction to “Launchpool” Project Eigenpie(EGP)**
Eigenpie aims to deliver Liquid Restaking services by leveraging the technology of EigenLayer. The main focus of Eigenpie is to maximize passive income opportunities while contributing to the long-term development of the Ethereum ecosystem. On Eigenpie, participants are provided with the chance to deposit their ETH and LSTs to receive a liquid restaked version of their tokens. Through this restaked version of their assets, users can effectively add another layer of yield to their ETH positions, hence gaining more flexibility and increasing their capital efficiency.
Website:  https://www.eigenlayer.magpiexyz.io/

**2.Eigenpie(EGP) Launchpool Rules**
(1) Launchpool Duration: 0:00 AM on October 1st - 0:00 AM on October 9th (UTC), 2024
(2) Mining Pool: EGP
   -Total Staking Rewards: 1,000.0 EGP
   -Prize Pool Per Hour: 5.2 EGP
   -Hourly Reward Cap Per User: 0.52 EGP
   -Minimum Staking Amount: 0.05 EGP
   -Unlocking Rule: 100% Unlock
(3) Mining Pool: GT
   -Total Staking Rewards: 2,000.0 EGP
   -Prize Pool Per Hour: 10.41 EGP
   -Hourly Reward Cap Per User: 1.04 EGP
   -Minimum Staking Amount: 0.05 GT
   -Unlocking Rule: 100% Unlock

**3.Participation Rules**
(1) Users can join EGP or GT mining pool at the same time to earn rewards from EGP pool and GT pool separately.
(2) The system will take multiple snapshots of personal staking amounts hourly, and token rewards are distributed to eligible users. Hourly earnings will be distributed into users' spot accounts.
(3) Hourly staking reward = (Individual latest 1-hour valid staking amount / Total pool staking amount) × Hourly reward pool
(4) Users can increase or redeem the staked assets at any time during the staking period.

**4.Notice**
(1) The system will take multiple snapshots of personal staking amounts each hour, and take the average staking amount as the valid staking amount.
(2) After the staking ends, the staked assets will be automatically redeemed.
(3) After the user redeems in advance or the staking is completed, the staked assets will be transferred to Simple Earn by default. If this option is unchecked, the staked assets will be redeemed into spot assets. If the amount of redeemed assets is too small and does not meet the minimum subscription amount of Simple Earn, the assets will be automatically transferred to spot assets. Additionally, if Simple Earn does not support the subscription of the redeemed token, the assets will also be automatically transferred to spot assets.
(4) Before participating in Launchpool, please ensure that you fully understand the participation rules. <a href="https://www.gate.io/help/guide/faq/37021/startup-mining-faq" target="_blank">Click here</a> to learn more details.
(5) The use of duplicate accounts and any other cheating behaviors are strictly prohibited. Any cheating behavior will result in disqualification for receiving rewards.
(6) Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
(7) Gate.io reserves all rights to the final explanation.
(8) This event is not affiliated with Apple Inc. Users in the United Kingdom and other Restricted Locations cannot access the Services (including the participation in this event, game or competition). See the <a href="https://www.gate.io/user-agreement" target="_blank">User Agreement</a> for further details on Restricted Locations.

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Gate.io Team
September 29th，2024

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Introducing Eigenpie(EGP) on Launchpool: Stake to Earn Mining Rewards!

Introducing Eigenpie(EGP) on Launchpool: Stake to Earn Mining Rewards!

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