King Protocol

KING Rank #2580

$265.91▲ 1.85%24h

Low $261.34High $269.82

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Market cap$1.61MRank #2580

Fully diluted value$1.61M

Volume (24h)$148.53Vol / Mcap 0.01%

Circulating supply6.1KKING

Total supply6.1K

Max supply∞no hard cap

All-time high$3,400.50Dec 16, 2024

All-time low$54.27Apr 27, 2026

What is King Protocol?

Overview

King Protocol addresses the inefficiency of restaking reward distribution, where users typically receive fractional amounts of multiple ERC-20 tokens. The protocol allows Liquid Restaking Tokens (LRTs) to deposit rewards into a unified vault and distribute KING shares to restakers, significantly reducing transaction costs. This approach benefits small stakers managing fractional rewards and enables larger participants to actively trade or redeem shares, improving price stability and liquidity.

How it works

KING functions as a share representing ownership in a vault containing aggregated restaking rewards. LRTs deposit various reward tokens into the vault, then mint and distribute KING to their restakers. The protocol operates across multiple chains including Ethereum, Arbitrum, Base, and Swellchain, allowing restaking activities on these networks.

Token and supply

KING serves as a vault share token enabling restakers to hold a single asset representing their proportional claim on accumulated restaking rewards. The token has a total supply of approximately 6,060 KING with no maximum supply cap specified. Token supply is managed through minting by participating LRTs when deposits are made to the reward vault.