Latest Eigenpie (EGP) News Update

By CMC AI
14 September 2025 07:44PM (UTC+0)

What is the latest news on EGP?

TLDR

Eigenpie balances yield innovation with ecosystem stability through strategic partnerships and governance tweaks. Here are the latest updates:

  1. EGP-WETH Pool Launch (8 August 2025) – 15% APR liquidity incentives on PancakeSwap aim to boost EGP utility.

  2. swETH Restaking Incentives (6 August 2025) – +3.1% APR for mswETH holders expands Eigenpie’s LRT offerings.

  3. EIP #02 Proposal (29 July 2025) – Caps vlEGP rewards at 50% APR, redirects surplus to buybacks.

Deep Dive

1. EGP-WETH Pool Launch (8 August 2025)

Overview: Eigenpie partnered with PancakeSwap to launch an EGP-WETH liquidity pool on Arbitrum, offering 15% APR to liquidity providers. This follows similar LRT-focused pools like mswETH and mwBETH, targeting deeper DeFi integration.
What this means: This incentivizes EGP holders to lock tokens for yield while improving liquidity—a bullish signal for adoption. However, high APR pools often face sustainability questions if demand softens. (Eigenpie)

2. swETH Restaking Incentives (6 August 2025)

Overview: Eigenpie added support for swETH (Swell Network’s LST), allowing restaking into mswETH for a combined 3.1% APR and Eigenpie Points. This expands its isolated LRT lineup, now covering wBETH, stETH, and swETH.
What this means: Diversifying LST options attracts more ETH holders seeking yield, but competition in restaking (e.g., EigenLayer, KelpDAO) could pressure margins. (Eigenpie)

3. EIP #02 Proposal (29 July 2025)

Overview: Proposal EIP #02 introduces a 50% APR hard cap on vlEGP rewards, with excess emissions funding EGP buybacks. Voting concluded on 1 August, with 89% approval.
What this means: Capping rewards addresses inflation concerns, while buybacks could create upward price pressure—though reliance on protocol revenue sustainability remains a watchpoint. (Eigenpie)

Conclusion

Eigenpie is tightening tokenomics via EIP #02 while broadening yield avenues through PancakeSwap and swETH integrations. Will these moves catalyze EGP’s recovery from its -41.91% 90D slump, or will market saturation in restaking limit upside? Monitor protocol revenue from LST integrations and buyback execution.

What are people saying about EGP?

TLDR

Eigenpie’s community is buzzing with yield strategies and governance moves. Here’s what’s trending:

  1. 15% APR liquidity pools on PancakeSwap

  2. EGP buyback proposal to stabilize rewards

  3. Isolated restaking gains traction for risk management

Deep Dive

1. @Eigenpiexyz_io: PancakeSwap Pool Hits 15% APR Bullish

"Let your $EGP shine brighter on @PancakeSwap! The $EGP - $WETH pool glows with 15% APR on @arbitrum."
– @Eigenpiexyz_io (12.3K followers · 28K impressions · 2025-08-08 16:01 UTC)
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What this means: This is bullish for $EGP because high-yield liquidity pools incentivize holding and reduce sell pressure, while deepening Arbitrum-based DeFi integration.

2. @Eigenpiexyz_io: EIP #02 Triggers Buyback Debate Mixed

"Eigenpie introduces a 50% APR cap for vlEGP rewards, redirecting excess emissions into EGP buybacks to enhance ecosystem stability."
– @Eigenpiexyz_io (12.3K followers · 41K impressions · 2025-07-29 23:30 UTC)
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What this means: This is mixed for $EGP—while buybacks could support prices long-term, the 50% APR cap might reduce short-term incentive appeal for yield farmers.

3. @Eigenpiexyz_io: Isolated Restaking Gains Momentum Bullish

"Deposit $wBETH to get $mwBETH—isolated risk, no fees, and dual staking/restaking rewards via EigenLayer’s AVSs."
– @Eigenpiexyz_io (12.3K followers · 15K impressions · 2025-07-13 15:17 UTC)
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What this means: This is bullish for $EGP as isolated LST restaking (e.g., mwBETH) addresses systemic risk concerns, potentially attracting institutional capital seeking Ethereum-aligned yield.

Conclusion

The consensus on $EGP is mixed-to-bullish, balancing high-yield opportunities with governance adjustments. While the 15% APR pool and isolated restaking innovations drive demand, the EIP #02 vote’s impact on reward dynamics remains pivotal. Watch the vlEGP staking rate post-proposal to gauge whether buybacks offset potential reduced participation.

What is next on EGP’s roadmap?

TLDR

Eigenpie's development continues with these milestones:

  1. Zircuit & USDT Incentives (2025) – Future rewards for vlEGP holders beyond EIGEN tokens.

  2. EIP #02 Buyback Mechanism (Q4 2025) – Implementation of capped APR and EGP buybacks post-governance.

Deep Dive

1. Zircuit & USDT Incentives (2025)

Overview:
Eigenpie plans to distribute Zircuit tokens and USDT to vlEGP holders, expanding rewards beyond the initial EIGEN allocations. This aims to diversify utility and retention for locked EGP stakers.

What this means:
This is bullish for EGP as it could increase demand for locking tokens, reducing circulating supply. However, delayed timelines or diluted rewards might temper enthusiasm.

2. EIP #02 Buyback Mechanism (Q4 2025)

Overview:
Approved governance proposal EIP #02 introduces a 50% APR cap on vlEGP rewards, redirecting excess emissions to EGP buybacks (source). Implementation is expected in late 2025.

What this means:
This is neutral-to-bullish: buybacks may create upward price pressure, but capped rewards could reduce short-term staker incentives if yields dip below competitors.

Conclusion

Eigenpie’s roadmap focuses on enhancing tokenomics (buybacks) and broadening incentives (Zircuit/USDT), balancing retention and scarcity. While these steps could stabilize EGP’s value, success hinges on timely execution and maintaining competitive yields. How might broader EigenLayer adoption impact Eigenpie’s role in the restaking ecosystem?

What is the latest update in EGP’s codebase?

TLDR

No substantive codebase updates for Eigenpie (EGP) were found in available data as of July 2025, with recent developments focused on product features and tokenomics.

  1. Platform enhancements – Added wBETH restaking and isolated risk pools

  2. Token utility – EGP locking mechanism (vlEGP) for EIGEN rewards

  3. IDO preparation – Upcoming token sale via Magpie Launchpad (September 2024)

Deep Dive

1. Product feature updates

Eigenpie introduced wBETH restaking (Eigenpie) in July 2025, allowing Binance-staked ETH holders to mint liquid restaked tokens (mwBETH). This follows EigenLayer's capped allocation policy (33% max per LST) to prevent centralization risks.

The platform maintains isolated risk pools where each liquid restaked token (LRT) only exposes users to its underlying LST – a design choice rather than code-level change.

2. Token mechanics & incentives

The vlEGP system (locked EGP tokens) now offers:
- 100,000 EIGEN token distribution
- Planned Zircuit/USDT rewards
- 60-day cooldown period for unlocks

This aligns with Eigenpie's September 2024 IDO plan requiring vlMGP/MGP participation for allocation quotas, though these are economic policies rather than protocol-level changes.

Conclusion

Recent Eigenpie developments focus on restaking product expansion and incentive alignment rather than core protocol upgrades. What measurable impact will EigenLayer's 33% LST cap have on Eigenpie's TVL distribution across its 15+ supported assets?

CMC AI can make mistakes. Not financial advice.