[PRESS RELEASE – Dubai, UAE, May 6th, 2024]
InceptionLRT v2 is set to redefine the DeFi landscape as the first Liquid Restaking SuperDapp within the EigenLayer ecosystem, officially launching with increased capabilities following its strategic merger with GenesisLRT and setting the tone for the imminent token generation event and community airdrop!
This integration, a first in the industry, combines native and isolated liquid restaking in one seamless application, offering an unprecedented approach to DeFi investments. This v2 positions InceptionLRT as a leading protocol in the field, introducing significant innovations in how DeFi users can manage and compound their investments across multiple blockchains.
Pedro Verdades, one of the co-founders of InceptionLRT, highlighted the significance of the new protocol upgrades: “In merging with GenesisLRT, we’re not just combining forces, but synergizing our visions and expertise to forge an unparalleled Restaking powerhouse. This strategic step marks a pivotal moment in our journey, propelling InceptionLRT v2 to new heights of innovation and accessibility. – Infinite sum games”
InceptionLRT v2: Main Features
InceptionLRT v2 is a robust protocol with a strong omnichain presence, enhanced security through Distributed Validator Technology (DVT), and instant liquidity through the flash unstake feature.
The platform caters extensively to user needs by providing a unified platform for accessing a variety of Liquid Restaking Tokens, each offering distinct risk profiles without the dilution typically seen in aggregated approaches.
One of the protocol’s strong points is its reward system, which enables users to gain additional benefits such as Eigenlayer Points and Totems, further increasing the attractiveness and value of their investments. Moreover, InceptionLRT v2 ensures optimal operation and security by partnering with top-tier ETH node operators and undergoing rigorous audits by leading security firms.
What to Expect?
Building on its foundation, InceptionLRT v2 plans to expand its services by deploying native tokens on EVM-compatible chains and increasing its presence across L2 and L3 chains.
Together with the xERC20-standard bridge, also under development, InceptionLRT v2 is poised to bring greater DeFi composability while providing users with lower costs and streamlined experiences.
InceptionLRT v2 is set to enhance the LRT ecosystem with significant updates, including omnichain capabilities and flash unstaking options. It will also extend GenesisLRT’s initiatives, such as providing insurance against slashing risks, although details are still under wraps.
Key features in this update include the NFT Marketplace and Tailored Operators Selection, with more information expected later in the year. Additionally, the governance model using the veModel Framework will allow $ING token holders to influence protocol development, boosting engagement and incentivizing various liquidity providers to create a more interactive ecosystem.
A Grander Vision for DeFi
InceptionLRT’s vision is to lead the liquid restaking sector, dynamically adapting to the evolving needs of the DeFi community and leveraging the latest technologies. As the first comprehensive product in the Eigenlayer ecosystem, InceptionLRT v2 will be a game-changer for creating the most rewarding and elaborate DeFi investment strategies.
Born from the merger between InceptionLRT and GenesisLRT, protocol participants can expect news about the token generation event, along with more insights on how the community airdrop will be conducted, which should be not far away.
João Simões, one of the co-founders at Genesis, expressed his enthusiasm about the upcoming merger: “By bringing the re-staking capability of all LSTs and adding native re-staking, on top of all our special features, such as DVT, Omni-chain, and flash-unstake we are now witnessing the creation of the first LRT Super APP, and I could not be more excited about bringing this product to light!”
About InceptionLRT
InceptionLRT is at the forefront of the Liquid Restaking revolution in decentralized finance (DeFi), providing innovative solutions for everyday users. By allowing users to restake their Liquid Staked ETH for Layer 2 rewards while maintaining liquidity, InceptionLRT improves capital efficiency and maximizes returns. The platform supports various staked ETH tokens and partners with EigenLayer to unlock additional rewards for stakers.
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