King Protocol development

King

published on Feb 19, 2025

King Protocol, (formerly LRT²) is a unified restaking rewards protocol acting as a vault that holds the rewards tokens as underlying assets. Through King Protocol, LRT projects can pool restaking network protocol rewards into a single vault and issue vault share tokens to their stakers (or distributor contract). This system cuts transaction costs and streamlines the rewards process, great for those with smaller stakes who might find it easier to manage and trade their shares collectively. Larger stakeholders can redeem and possibly arbitrage, which will drive the market price of King token. WOOF! team taking key role in King Protocol development. Our team invested in King on early stage.

Introduction

It is with great pleasure and enthusiasm that WOOF! Software takes the reins as the development team for King Protocol. This opportunity allows us to continue the fantastic work started by the Etherfi team, whose innovative approach has laid a solid foundation for the protocol’s growth and success. The initial TVL of the protocol was an impressive $5M, and we are committed to further enhancing its capabilities and expanding its impact.

WOOF! Software as an Angel Investor

For the first time in our journey, WOOF! Software stepped into the role of angel investor with King Protocol. This marks a significant milestone for us and reflects our belief in the protocol's potential to redefine the restaking rewards landscape. Our investment is not just financial but also deeply integrated into the development and operational growth of King Protocol.

Key Contributions by WOOF! Software

Our team has been actively involved in various aspects of the protocol’s evolution. Here are some key areas we’ve focused on:

  1. On-Chain Rebranding: Transitioning the protocol from LRT² to King Protocol was a critical step in redefining its identity and aligning it with its ambitious goals.
  2. Website Design and Development: We designed and developed a user-centric website with an IPFS-based approach for enhanced decentralization. This included seamless integration with Uniswap for improved user experience.
  3. Point System Design and Development: A robust and scalable point system was crafted to incentivize users and enhance engagement within the protocol.
  4. Governance Development: We implemented on-chain governance mechanisms to ensure transparent and community-driven decision-making.
  5. Additional Enhancements: From streamlining reward distributions to optimizing the user journey, we have tackled numerous other challenges to ensure King Protocol’s success.

Working with the King Protocol Team

One of the most rewarding aspects of this project has been the opportunity to collaborate with the talented King Protocol team. Each member brings unique skills and insights that have greatly contributed to the protocol's success:

  1. Syko: The architect of Etherfi, whose vision and technical acumen continue to guide the protocol’s design and functionality.
  2. Joe: An inspiring CEO who effectively drives the team and manages the protocol’s growth. His leadership sets the tone for success.
  3. Ivan: Joe’s right-hand man and a brilliant product owner. Ivan’s ability to manage everything seamlessly has made him an invaluable asset. We hope to collaborate with him on future projects.
  4. Eric: The genius behind King Protocol’s tokenomics. His expertise in controlling token emissions and crafting balanced expectations has been truly impressive.

The WOOF! Software Team

Our team members have contributed their unique expertise to the development of King Protocol:

  1. Nikita Berejnoy: Partial CTO at King Protocol, whose technical leadership ensures smooth operations.
  2. Bohdan Bondar: PM and communicator, bridging gaps between teams and ensuring alignment on objectives.
  3. Misha Mishin: Frontend developer, develop user interface and feature code.
  4. Gleb Golyan: Frontend lead, delivering exceptional user interfaces and experiences.
  5. Dmytro Orlov: Designer, creating visually appealing and functional designs.
  6. Dmytro Babenko: Adviser and technical support, providing critical insights and assistance.

Looking Ahead

As we continue to develop King Protocol, we remain committed to delivering innovation, efficiency, and value for its users and stakeholders. It has been an honor to work with such an exceptional team, and we are excited to see how King Protocol evolves and shapes the future of restaking rewards.

Team