InceptionLRT Monthly Recap - July 2024
With another month in the rearview mirror, it’s time to do a recap of all that has happened in July. Through this month, we've introduced exciting new features, expanded our partnerships, and actively engaged in key DeFi events such as ETHcc and BTC Summit.
Here’s everything you need to know about InceptionLRT’s latest developments in the LRT crypto space and a small tease of future developments we have in store.
Product Updates
Flash Unstake
Our major highlight this month was the launch of the Flash Unstake feature. Flash Unstake allows you to unstake your Restaked position swiftly—within minutes, not days or weeks. This feature is ideal for those needing to react quickly to market moves, cover unexpected expenses, or simply enjoy financial flexibility.
- How It Works: Access the InceptionLRT protocol, select your restaked position, choose "Flash Unstake", specify the amount, and confirm. Your assets will be back in your wallet in no time, with a variable fee of 0.5% to 3% based on the Flash Unstake pool's balance.
- Benefits: Besides immediate liquidity, the fee you pay is reinvested into the system, encouraging others to restake and helping maintain our competitive edge.
Explore this feature and experience a superior restaking experience with LRT tokens:
-> Learn more about our one-of-a-kind Flash Unstake Feature
Expansion to XLayer
This month, we've also expanded our reach to XLayer, enabling our users to bridge inETH to this network effortlessly. Powered by Zero Knowledge technology, XLayer is a layer 2 scaling solution that connects the OKX and Ethereum communities.
-> Bridge inETH to X Layer today
Dark Mode
We've also rolled out a dark mode for both the Landing Page and dApp, catering to user preferences for a more eye-friendly interface at night.
-> Try the new look on the InceptionLRT dApp
InceptionLRTs dApp Dark Themed UI (Source)
Partnerships
Merlin Chain
InceptionLRT has formed a strategic partnership with Merlin Chain to bring Bitcoin restaking solutions to the forefront. Merlin Chain has rapidly grown, with a TVL surpassing $1.2 billion and a recent growth of 2,000%. Our collaboration aims to leverage Merlin Chain’s ZK-rollups and decentralized oracle network to enhance Bitcoin-native asset handling through Restaknig and LRT Tokens.
-> Explore our partnership here
Merlin Chain Protocols Data (Source)
AutoLayer
We're excited to announce our partnership with AutoLayer, a multi-chain hub that now supports inETH, enhancing access to liquid restaking on platforms like Arbitrum and Ethereum. This collaboration is set to provide increased opportunities and rewards for our users.
Magic Square
InceptionLRT is now officially listed and validated on Magic Square, thanks to the community's overwhelming support. This listing enhances our presence in the DeFi ecosystem, providing users with robust staking options.
-> Check us out on Magic Store
Events
ETH Community Conference (ETHcc)
We attended ETHcc in Brussels, where we engaged with the community and shared views into the future of restaking and DeFi. Our involvement in ETHcc was extremely valuable for networking and increasing brand exposure.
- LRTfi Summer @ ETHcc
During ETHcc, we were part of the LRTfi Summer side event, which provided an opportunity to dive deeper into the LRT crypto space, restaking solutions and connect with other DeFi enthusiasts and industry players
- BTC Summit @ETHcc
Furthermore, at ETHcc, we participated in the Bitcoin Renaissance talks during the BTC Summit side event. This event emphasized new potential with Layer 2 solutions for Bitcoin, as well as our plans on launching Bitcoin-based restaking product.
A special thanks to Staking Circle for being an invaluable partner in our journey. Their support during these events was instrumental, helping InceptionLRT have greater visibility within the DeFi ecosystem. Check out the highlights from both events:
-> BTC Summit Panel with our Co-Founder & CEO - João Simões
Our CEO & Co-Founder João Simões @ BTC Summit - ETHcc
Defi Integrations
Swap Mode Pool
Our $inETH pool went live on SwapModeFi. This new pool offers $SMD, several point farming opportunities with EigenLayer points, Totems and Mode Network points. And if that wasn’t enough, you can also make use of an attractive APR of ~100%.
-> Leverage your inETH on SwapMode now
Campaigns
Arbitrum Intract Campaign
As part of our Omnichain Campaign on Intract, we have launched a treasure hunt on Arbitrum, designed to guide you through your restaking journey with interactive challenges. Let the fun begin!
-> Join the Arbitrum Heist Today
A Bright Summer for InceptionLRT
Month after month, we are dedicated to bringing innovation to the DeFi space and cement ourselves as the first liquid restaking supper dApp. We carefully listen to the feedback from our beloved community, so please bring any ideas or improvements you might have in mind to the table.
As we look ahead, August promises more developments, collaborations, and further community-focused initiatives. Stay connected, stay informed, and let's continue building the future of finance.
For regular updates, insights, and more, follow us on Twitter (X) and visit our Official Blog.
