InceptionLRT
Restake ETH LSTs on Inception, built on EigenLayer to earn 2 layers of rewards | Unlock liquidity with our Liquid Restaking Tokens (LRTs) ⚡
Restake ETH LSTs on Inception, built on EigenLayer to earn 2 layers of rewards | Unlock liquidity with our Liquid Restaking Tokens (LRTs) ⚡
InceptionLRT announced via X that it was sunsetting the project after falling short of product-market fit, roughly six months after its seed raise, stating all user funds were safe and withdrawals remained open.
InceptionLRT closed a seed round of roughly $3.5 million with backing from investors including BlackDragon, Chorus Ventures, DEXTForce Ventures, GAINS Associates, DSRV Labs, and The Rollup Ventures, plus angels such as Rachid Ajaja.
InceptionLRT announced its merger with Amphor Protocol, uniting the two teams to build what it called DeFi's first modular aggregation layer for restaking.
Following its strategic merger with GenesisLRT, InceptionLRT launched v2, combining native and isolated liquid restaking in one app within the EigenLayer ecosystem, and teased an imminent token generation event and community airdrop.
InceptionLRT's 2024 recap describes the year kicking off with the launch of its Mainnet on Ethereum, built directly on EigenLayer in early February, allowing users to restake LSTs and receive iLRTs.