King Protocol (KING)

market_cap_rank: 1607 | coingecko_rank: null

Current Price

get_current_price()

$932.36 -0.08%

24h_range: $888.99 - $950.48

Price Changes

get_price_changes()

24h

-0.08%

-11.06%

14d

-4.61%

30d

+22.14%

Market Data & Supply

get_market_data()

market_cap

$11689116

fully_diluted_valuation

$11689116

volume_24h

$42865

get_supply_info()

circulating_supply

12542

total_supply

12542

max_supply

null

All-Time Records

get_ath_data()

All-Time High

$3400.50

change: -72.61%

date: 2024-12-16

get_atl_data()

All-Time Low

$400.49

change: +132.61%

date: 2025-04-09

About King Protocol

get_description()

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.

Additional Information

get_basic_info()

homepage

https://kingprotocol.org