In the rapidly evolving web3 environment, liquidity restaking has become a pivotal mechanism driving innovation and growth. Among the various platforms catering to these needs, InceptionLRT stands out by offering a unique solution that combines the benefits of liquid restaking with enhanced DeFi participation. This article explores what InceptionLRT offers, how it operates, its innovative point system (Totems), and opportunities to earn Totems and LXP-L through partnerships, concluding with an overview of its impact on the DeFi ecosystem.
What is InceptionLRT?
“We had the know-how and the thrive to build a product that would allow users to safely restake any kind of asset. Our core focus currently is on ensuring all our users are safe, and have the possibility to restake any asset on any chain seamlessly, while always being able to unstake it. ” - InceptionLRTTeam
InceptionLRT is a decentralized finance protocol built on the Ethereum blockchain, specializing in liquid restaking solutions. It addresses a fundamental challenge faced by stakers on proof-of-stake (PoS) networks like Ethereum 2.0: the trade-off between earning rewards through staking and maintaining liquidity to participate in other on-chain activities.
The platform allows users to restake their Ethereum (ETH) or other supported liquid staking tokens (LSTs), such as stETH, rETH, and cbETH, while still retaining the liquidity of their assets. This is achieved through the issuance of Liquid Restaking Tokens (LRTs), which represent the restaked assets and can be used within the broader DeFi ecosystem.
How Does InceptionLRT Work?
Liquid Restaking: InceptionLRT leverages eigenlayer infrastructure to enable users to restake their ETH or LSTs and receive equivalent LRTs. These LRTs are pegged to the value of the underlying staked assets, allowing users to trade, lend, or use them in decentralized applications without waiting for the typical unbonding periods associated with direct staking on PoS networks.
DeFi Integration: InceptionLRT integrates seamlessly with various DeFi protocols on Ethereum and its layer-2 solutions. Users can use their LRTs for yield farming, liquidity provision, or participating in other decentralized applications, thereby maximizing their returns from both restaking and DeFi activities.
InceptionLRT’s Growth
InceptionLRT has grown significantly in the realm of LRTs, thanks to a variety of effective growth strategies that fostered community engagement and loyalty. These strategies include Quests on Galxe, Intract, and Zealy, Community Activities on Discord, Restaking points (also known as Totems) , partnerships with known brands, and ambassadorship programs.
Before its mainnet launch, InceptionLRT used its testnet phase to onboard users through Discord and testnet programs, offering lucrative restaking bonuses. Users could earn roles like OG and Whale by meeting specific criteria such as holding or restaking certain amounts of stETH or rETH. Over time, conditions for these roles evolved to include participation in Guild quests and mainnet restaking.
“Expect collaborations with every major player in the industry. Also with the major LRT/LST protocols, by having an isolated restaking infrastructure we can guarantee that our product is not predatory against others which means more space for collaboration and innovation.” - InceptionLRT Team
During the testnet phase, InceptionLRT also offered waitlist perks leading up to the mainnet launch, encouraging users to transition to the mainnet to earn InceptionLRT Totems. Early adopters could monitor their Totems and Eigenlayer points on a single dashboard, setting the stage for the Totems point system.
The Totems Point System
A distinctive feature of InceptionLRT is its Totems point system, designed to incentivize and reward user engagement within the platform and its partner ecosystems. Users can accumulate Totems in various ways, which can be used to gain access to exclusive airdrops and additional incentives.
How to Earn Totems:
Restaking: Users earn Totems based on the amount and duration of ETH or LSTs restaked on InceptionLRT. Higher stakes and longer lock-up periods yield more Totems.
Calculating Totems:
The amount of ETH restaked determines the daily Totem earnings. For instance, restaking 0.001 ETH yields 10 Totems per day, 0.1 ETH yields 100 Totems per day, and 1 ETH yields 1,000 Totems per day. The total Totems earned is the product of the daily Totems and the number of restaking days. For example, restaking 1 ETH for ten days yields 10,000 Totems.
DeFi Partnerships: InceptionLRT collaborates with various platforms and protocols, offering opportunities to earn Totems through joint campaigns, liquidity mining programs, and special promotions. These partnerships expand the ecosystem and provide diverse earning opportunities for users.
Referral Program: The InceptionLRT referral program offers additional Totem Rewards.
How the Referral Program Works:
Get your Referral Link: Once you have your wallet connected, you'll be able to access your referral link here.
Share your Link: Share your referral link with your friends, and social media followers.
There is no limit to the number of totems you may earn through referral, making it a terrific way to increase your rewards!
Earn Your Rewards: There is no limit to the number of totems you may earn through referral, For each individual who signs up using your referral link and starts restaking , you'll receive:
20% of the Totems of your referrals.
An extra 100 Totems for every 0.1 ETH restaked by your referrals
Partnerships and Totem Opportunities
“Our core goal is to become the Liquid Restaking SuperdApp, where you can restake everything from ETH, to LSTs, to Bitcoin (and more…). “ - InceptionLRTTeam
InceptionLRT actively collaborates with leading DeFi projects and blockchain networks to enhance its offerings and broaden the utility of Totems. Key partnerships include:
EigenLayer Partnership: Users can earn Totems by restaking their LRTs on EigenLayer, contributing to network security while earning rewards from EigenLayer's consensus mechanism. Early adopters on the InceptionLRT waitlist accumulated InceptionLRT Totems and, once EigenLayer lifted the LST caps, began accruing additional EigenLayer Restaked Points.
Mode Network Collaboration: InceptionLRT partnered with Mode for its Season 2 airdrop campaign, running from May 5th to September 6th. Mode distributed 500 million MODE tokens, allowing InceptionLRT users to earn Mode points and participate in the airdrop. Users can gain points for holding assets on Mode, with multipliers for certain assets and activities.
Key Features:
Earning Points: Users gain points for holding assets on Mode, with multipliers for certain assets.
dApps with Asset Multipliers: Points can be multiplied by adding assets to applications on the Mode Dashboard (2x to 5x multipliers).
MODE Staking Multipliers: Staking MODE tokens provide a global multiplier on all activities.
Transaction Fee Points: Users earn points for transaction fees paid on Mode, based on the gas spent on various activities.
How to Participate with InceptionLRT:
Restake ETH on InceptionLRT: Start by restaking your ETH on the InceptionLRT dApp.
Bridge inETH to Mode: After restaking, bridge your inETH to the Mode Network using the InceptionLRT Bridge.
Deploy Liquidity on KIM Exchange: Deploy your liquidity on the KIM Exchange to maximize your participation in Mode’s Season 2.
Why LP with KIM?
High yields on ETH holdings.
Receive a 4x increase in Mode Points for Season 2.
15x Totems Boost.
Keep all of your EigenLayer Points.
Blast Airdrop and Campaign: InceptionLRT partnered with Blast to expand its airdrop campaign, integrating users within the Blast ecosystem and rewarding user participation. The campaign includes Blast Points (50%) and Blast Gold (50%), earned through various activities like wallet balance growth, referrals, and participation in dApps.
How to Participate with InceptionLRT:
Deposit Assets: Deposit inETH into InceptionLRT or mint some with ETH.
Bridge Funds: Transfer the inETH to the Blast network using the Bridge feature.
Add Liquidity: Provide Liquidity on Thruster using inETH.
Why Participate through InceptionLRT?
High yields on inETH holdings.
Earn both Blast Points and Gold.
Earn both Thruster points and Hyper Points
Collect InceptionLRT's Totems for additional rewards.
Linea's Surge Program: InceptionLRT users can earn LXP-L points through Linea's Surge program by providing liquidity on the Linea network, which can be converted into Totems through joint incentives.
What is The Surge?
The Surge is an LXP-driven program designed to incentivize users providing liquidity on the Linea network, structured into six monthly epochs called Volts, each featuring distinct themes and partner highlights.
The Surge Point Structure:
Participants earn points through various activities, including onboarding assets, engaging with different protocols, referrals, and consistent involvement.
InceptionLRT and Linea's Intract Campaign:
In conjunction with The Surge, InceptionLRT launched an Intract quest with Linea, allowing users to earn points with InceptionLRTTotems while simultaneously gaining LXP-L points. This dual-reward system encourages broader participation and offers multiple incentives for engaging with both platforms.
How to Participate:
Deposit Assets: Deposit inETH or wstETH into InceptionLRT.
Bridge Funds: Transfer the assets to the Linea Network using the Bridge feature.
Add Liquidity: Provide liquidity on Lynex to earn returns.
Why Participate?
High yields on Ethereum holdings.
Earn LXP-L points to improve positioning in The Surge.
Collect InceptionLRT Totems for additional rewards.
“at this stage we’re fully focused on finalizing our Flash Unstake mechanism which will allow our users to unstake instantly and guarantee they can do it omni-chain (the true omni-chain experience). Once this is finished we’re planning to tackle the Bitcoin Ecosystem, there’s a huge amount of untapped potential to explore and that’s exactly where we are heading! On top of all this, we also plan to develop a Restaking Insurance module to offer greater security and peace of mind to our community. “ - InceptionLRTTeam
InceptionLRT represents a pioneering approach to enhancing liquidity and participation in decentralized finance through its innovative liquid restaking solutions and Totems point system. By enabling users to restake their assets while retaining liquidity and earning additional rewards through restaking and DeFi activities, InceptionLRT is poised to play a crucial role in the future of DeFi. As the ecosystem continues to evolve, InceptionLRT remains at the forefront, driving innovation and empowering users to maximize their returns and engagement in decentralized finance.
About Absinthe Labs
Absinthe Labs is building the first incentives affiliate network, and our first product is a no-code points-as-a-service platform. In addition to rewarding on-chain actions, it makes tracking campaigns easy by aggregating points from questing platforms like Galxe and Layer3 into the project's native points. Absinthe also allows for easy allocating to communities such as token holders, stakers, NFT holders, and Discord roles.
Q & A with Inception LRT Team
1. What inspired the creation of InceptionLRT, and what unique challenges were you aiming to address in the DeFi space?
We’ve always been interested in Defi, trying to build on new primitives and understanding how the space is evolving. Last year we understood that EigenLayer was about to reshape Defi and the LST space, and we took our shot! We had the know-how and the thrive to build a product that would allow users to safely restake any kind of asset. Our core focus currently is on ensuring all our users are safe, and have the possibility to restake any asset on any chain seamlessly, while always being able to unstake it. Our mission extends to improving the usability and efficiency of the Restaking Process, underpinned by a commitment to decentralization and active community engagement.
2. Given the critical importance of security in DeFi, what steps has InceptionLRT taken to ensure the safety and integrity of user funds and data?
Our core development team has been linked with LRTs and Defi for the past 4 years, we take safety and security very seriously. In our pursuit of top-tier security, we’re committed to industry best practices such as providing Isolated Liquid Restaking. This approach allows us to add an extra layer of protection by separating each user’s assets into their own enclave. We also leverage Distributed Validator Technology (DVT) alongside renowned SSV Node Operators to decentralize and secure the Restaking process. If this wasn’t enough, we don’t cut back on audits either — they are frequent and thorough, guaranteeing that our protocol remains solid and trustworthy.
3. InceptionLRT has partnered with several prominent DeFi projects like EigenLayer and Mode Network. How do these partnerships benefit your users, and what future collaborations can we expect?
You can expect collaborations with every major player in the industry. Also with the major LRT/LST protocols, by having an isolated restaking infrastructure we can guarantee that our product is not predatory against others which means more space for collaboration and innovation. While EigenLayer is a key player and we admire their contributions, we remain open to partnering with other protocols as well. We already support all 12 LSTs accessible on Eigenlayer, and our own xERC-20 Bridge is extending our reach across major Layer 2 networks. This enables us to connect with a variety of players across these networks, increasing the utility of our Liquid Restaking Tokens (LRTs) through strategic Defi Integrations
4. What new features or improvements are in the works for InceptionLRT and How do you see the platform evolving over the next few years?”
Our core goal is to become the Liquid Restaking SuperdApp, where you can restake everything from ETH, to LSTs, to Bitcoin (and more…). So at this stage we’re fully focused on finalizing our Flash Unstake mechanism which will allow our users to unstake instantly and guarantee they can do it omni-chain (the true omni-chain experience). Once this is finished we’re planning to tackle the Bitcoin Ecosystem, there’s a huge amount of untapped potential to explore and that’s exactly where we are heading! On top of all this, we also plan to develop a Restaking Insurance module to offer greater security and peace of mind to our community
