Today King Protocol (LRT2) available for trading on Uniswap (v3) and Matcha (Ethereum). The maximum trading volume is observed for the trading pair LRT2/WETH and reaches 136.1 ths. dollars (98% of the total volume across all exchanges). During the week, the minimum price for King Protocol (LRT2) is fixed on Saturday at 1,115.92 dollars. Currently, the token King Protocol is trading in the range of 1,142.51 dollars or 110,708.33 rubles for 1 LRT2.
![King Protocol (LRT2)](https://holder.io/wp-content/uploads/coins/8/lrt2-85298.png)
LRT2 King Protocol
Price of King Protocol (LRT2)
Exchanges where LRT2 is traded
Exchange | Pair | Price | Volume, 24h | ||
---|---|---|---|---|---|
1 |
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LRT2/WETH |
$ 1,148.8
WETH 0.4344
|
$ 136,062 | Go |
2 |
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LRT2/USDC |
$ 1,299.69
USDC 1,300.09
|
$ 2,555 | Go |
Calculator LRT2
![](https://holder.io/wp-content/uploads/coins/8/lrt2-85298.png)
1 LRT2 = 1,142.51 USD
What is King Protocol?
Restaking protocols can distribute rewards in any ERC-20 token. However, users typically receive fractional amounts of these rewards, making them inconvenient to claim or trade. This situation can lead to a frustrating user experience, with poor returns for restakers, low token utilization, and increased selling pressure on reward tokens.
King Protocol (formerly known as LRT²) offers a solution through a unified restaking reward. KING represents a share of a vault full of restaking rewards. LRTs deposit restaking rewards into the vault and then mint and distribute KING to their restakers.
This streamlined system significantly reduces transaction costs and improves the efficiency of restaking reward distribution. It is particularly beneficial for small stakers, who might otherwise find managing and trading fractional rewards challenging. For larger stakeholders, the ability to redeem or arbitrage the vault share tokens creates an active market, helping to stabilize the King token price and drive liquidity.
Official websites and links for King Protocol
There are currently about 5 official links to King Protocol websites and social media:
- Website - kingprotocol.org
- Twitter - twitter.com/thekingprotocol
- Reddit - reddit.com
- Facebook - facebook.com
- GitHub - github.com/king-protocol