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About King Protocol
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.
Trading Insights
Traders
8
0%
Market Stats
Market Cap
£26.37K
0.65%
FDV
£26.37K
Circ. Supply
156 KING
Max Supply
Not enough data
Total Supply
156 KING
Diluted Valuation
£1.12M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
£94.79
5,674.99%
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
Not enough data
Price Change (1Y)
Not enough data
77.96%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Additional details
Recent trends
The price of King Protocol has decreased by 0.06% in the last hour and increased by 0.85% in the past 24 hours. King Protocol’s price has also risen by 2.03% in the past week. The current price is £168.50 per KING with a 24-hour trading volume of £94.79.
The current circulating supply of King Protocol is 156.468 KING which means that King Protocol has as total market cap of £26,365.39.
Market details
KING vs markets
Not enough data
KING vs BTC
Not enough data
KING vs ETH
Not enough data
Tags
defi
restaking
rehypothecated-crypto
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x8F08B70456eb22f6109F57b8fafE862ED28E6040 | |
Arbitrum | 0x2e412435928EFE43b156Caa8F4B1068729fEE275 | |
Base | 0xE22C243c7559C667a1EB94B593369D192c5fbac0 |
Price history
Time | Price | Change |
|---|---|---|
Today | £168.50 | |
1 Day | £162.69 | |
1 Week | £154.95 | |
1 Month | £195.66 | |
1 Year | £755.42 |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
King Protocol calculator
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Legal
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
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