Yield Forwarding Request:
- Paired token: KING
- Paired token contract:
- Origin token to pair with: superOETHb
- DEX deploying pair on: Curve
- Pool contract: 0x3253C8105E8e70AE6abaf2fd21c703d8729E0886
- Destination address: 0x1357ef7709b6469D5a34a92AaFb001283F1F11b7
- Pool booster or treasury booster: TB
- Community stats
- Twitter followers: 1k followers
Simple summary of Paired token:
King Protocol, formerly known as LRT², addresses the challenges of distributing fractional ERC-20 token rewards through restaking protocols. It provides a unified restaking reward system where KING tokens represent a share of a vault containing restaking rewards. LRTs deposit these rewards into the vault and mint and distribute KING tokens to their restakers, streamlining the distribution process and reducing transaction costs. KING is the protocol’s token.
Benefit of enabling yield forwarding and TB/PB for Paired token:
The KING treasury will generate additional yield that it can use to grow the token and platform as they see fit.
Benefit of enabling yield forwarding and TB/PB for Origin protocol:
Origin Protocol will realize greater superOETH TVL from the ETH converted into superOETH in the pool.