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.