What is Inception? Inception is an isolated Liquid Retaking protocol for LSTs (Liquid Staking Tokens) that can be retaken to earn additional profits, especially the protocol focuses on the development of stETH on Lido Finance and rETH on Rocket Pool.
So let’s find out what’s special about the Inception protocol through the article below.
Overview of Inception
What is Inception?
Inception is an Isolated Liquid Restaking project that allows users to use a variety of LST types to Retake. Not only do users receive additional profits from Retaking, but they are also given a type of Isolated Liquid Restaking Tokens (iLRTs) by the protocol to represent the amount of LST assets deposited into the protocol.
With iLRTs a Reward-bearing Token, users can take advantage to participate in DeFi with activities such as trading and providing liquidity, thereby optimizing the ability to use capital while earning profits from Staking and Restake.
Mechanism of action
Mechanism of action of Inception
- Step 1: User deposits stETH/rETH into Inception Vault.
- Step 2: The amount of LST will be sent to the Eigen Layer through the Strategy Manager contract.
- Step 3: Users will receive instETH/inrETH to continue participating in DeFi, while the amount of stETH/rETH has been retaken in the Eigen Layer.
- Step 4: If the user does not send directly to the Eigen Layer, they can authorize Node Operators in the Eigen Layer, the LST number will be authorized through the Delegation Manager and if the user authorizes stETH, they will receive rstETH, With rETH, you will receive rrNFT.
Development Roadmap
Q1 2024: Private Round and Mainet Launch
- Proceed to call for Private round capital and deploy mainnet.
- Focus on ING – Gorvernance Token of the protocol.
- Implement L2 and support many new LST types, conduct testing of the first AVS layer.
Q2 2024: TGE and Omni-chain LRT
- TGE
- Develop Omni-chain bridge, AVS reward system and Strategy manager MVP
Q3-Q4: AVS and Strategy Manager Mainet
- Develop Omni-chain LRT and rNFT marketplace
- Evolve to newer Layer 2s, distributing rewards to AVS.
Core Team
Update…
Investor
Update…
Tokenomics
Currently the project is in the process of developing the token of that protocol ING. ING is used to govern the protocol through voting and is used for liquidity mining, incentive programs such as referrals, airdrops…
Token Allocation
- Pre-seed: 2.5%
- Seed round: 9%
- Private rounds: 10%
- Treasury: 6%
- Advisory: 6%
- Marketing: 6%
- Team members: 15%
- Liquidity incentives: 48.5%
Exchanges
Update…
Project Information Channel
- Twitter: https://twitter.com/InceptionLRT
- Website: https://www.inceptionlrt.com/
- Telegram:
Summary
There are more and more ReStaking projects, which also shows the appeal of a Narratives waiting to explode. This will be a big trend that people cannot ignore in the next cycle. Hopefully through the article, everyone has got an overview of what Inceptions is.
