Liquid Restaking · Review
ActiveEigenpie Review 2026: Liquid Restaking via EigenLayer
Eigenpie is a Magpie SubDAO that turns liquid staked ETH into isolated liquid restaked tokens via EigenLayer. It offers restaking yield without a lockup, but TVL is small and fee details are not published in the sources reviewed.
By the DappsAtlas editorial team · Updated
DappsAtlas score
6.3/10
Mixed
Our verdict on Eigenpie
6.3/10Eigenpie suits ETH holders who already own liquid staking tokens and want extra EigenLayer yield without a lockup. Its main strength is the isolated restaked token design, which keeps each LST separate and liquid. The main caveat is size and transparency: TVL is only about $4.3 million, fees and auditor names are not in the sources, and the position stacks several layers of smart-contract and slashing risk. Read the current docs before depositing.
Score breakdown
How Eigenpie scores
- Security
- 6.0/10
- Ease of use
- 6.5/10
- Fees
- n/a
- Features
- 6.5/10
Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.
What is Eigenpie?
Eigenpie is a liquid restaking platform on Ethereum, created as a SubDAO by Magpie. It lets users turn Ethereum liquid staking tokens into isolated liquid restaked tokens that earn both staking yield and EigenLayer revenue.
DefiLlama files it under Liquid Restaking and has tracked it since January 2024. It lists the protocol on Ethereum and Zircuit, with about $4.3 million in TVL, no token and two audits.
The homepage belongs to Magpie XYZ, which describes itself as a MegaDAO combining yield optimisation with veTokenomics, liquid Ethereum restaking and Bitcoin staking via Babylon. Little other detail was available in the sources reviewed.
How Eigenpie works
Eigenpie sits on top of Ethereum liquid staking. A user holds a liquid staked ETH token, such as one issued by a staking provider, and deposits it into Eigenpie. In return they receive an isolated liquid restaked token tied to that specific LST.
The deposited assets are restaked through EigenLayer, which lets staked ETH secure additional services and earn extra revenue. The user earns the underlying staking yield plus EigenLayer-related rewards, while the restaked token remains liquid and can be held or used elsewhere in DeFi.
"Isolated" means each LST gets its own restaked token rather than being pooled into one. This keeps the risk of each underlying asset separate, though the project does not give further technical detail.
6 features
Key features
01
Isolated liquid restaked tokens
Users convert supported Ethereum LSTs into restaked versions created by Eigenpie, each kept separate per underlying asset.
02
EigenLayer restaking
The protocol restakes ETH LSTs through EigenLayer, so deposits can earn EigenLayer revenue alongside normal staking rewards.
03
No lockup period
The description states there is no lockup period, so the restaked position stays represented by a liquid token.
04
Magpie ecosystem link
Eigenpie is a SubDAO of Magpie, which positions itself around veTokenomics, liquid restaking and Bitcoin staking via Babylon.
05
Ethereum and Zircuit
DefiLlama lists Eigenpie on Ethereum and Zircuit.
06
Listed audits
DefiLlama shows two audits for the protocol.
Pros and cons
What we like
- Combines ETH staking yield with EigenLayer restaking rewards in one position.
- No lockup period is stated, and the restaked position is represented by a liquid token.
- Isolated tokens per LST keep each underlying asset separate.
- Two audits are listed on DefiLlama.
- Backed by the wider Magpie ecosystem, which focuses on liquid restaking and yield tools.
- Available on Ethereum and Zircuit.
Watch out for
- No native token is listed, so there is no governance or incentive layer to evaluate beyond the underlying LSTs.
- TVL of about $4.3 million is small for a liquid restaking protocol, which can mean thinner liquidity for the restaked tokens.
- Stacks smart-contract risk from Eigenpie, EigenLayer and the underlying LSTs on top of each other.
- The project does not give fee details, audit firm names or incident history, so users must verify these themselves.
- Restaked ETH carries slashing risk through EigenLayer operators, which the project does not describe in detail.
- Its homepage available is minimal, so product details are harder to confirm from the source.
Eigenpie fees
Fees are not stated publicly reviewed. Restaking protocols commonly take a share of rewards, but Eigenpie's exact rate is not published in the sources used here.
Users should check the Eigenpie app and documentation for protocol fees, and expect normal Ethereum gas costs when depositing or withdrawing.
Is Eigenpie safe?
DefiLlama lists two audits for Eigenpie, but the auditors, dates and findings are not given publicly. No hacks or incidents are mentioned in the sources reviewed, which is not the same as a clean record.
Users keep custody through their own wallet but accept layered risk: Eigenpie contracts, EigenLayer, the underlying LST issuers and possible slashing by operators. A depeg of an LST or a bug in any layer could cause losses. Only deposit what you can afford to lose and verify the official site address.
6 steps
How to get started with Eigenpie
- 1
Confirm you hold a supported ETH liquid staking token and know which ones the app accepts.
- 2
Open the official Eigenpie site from a trusted source and check the address carefully.
- 3
Connect a self-custody wallet on Ethereum, or on Zircuit if you prefer that network.
- 4
Review the fee, reward and withdrawal terms shown in the app before depositing.
- 5
Deposit a small amount first and check you receive the isolated restaked token.
- 6
Monitor your position and the protocol's announcements for changes to terms or risks.
Who Eigenpie is for
Eigenpie is for experienced ETH holders comfortable with liquid staking and restaking risk who want to earn EigenLayer rewards on LSTs they already hold. It is not suited to beginners or anyone who cannot accept smart-contract and slashing losses.
Eigenpie FAQs
What is Eigenpie?
Eigenpie is a liquid restaking platform created as a SubDAO of Magpie. It lets holders of Ethereum liquid staking tokens (LSTs) restake them through EigenLayer and receive a liquid restaked token in return.
Which chains does Eigenpie support and how big is it?
According to DefiLlama, Eigenpie is deployed on Ethereum and Zircuit. DefiLlama lists its TVL at roughly $4.3 million, with a 4.2% rise over seven days at the time of the data.
Is there a lockup period on Eigenpie?
The description says users can convert LSTs into isolated liquid restaked tokens without a lockup period. The project does not say how redemptions or withdrawals work in practice, so check the app for current terms.
Does Eigenpie have its own token?
No. DefiLlama lists no token for Eigenpie. Magpie as a wider project is described as a MegaDAO, but the project does not name a token tied to Eigenpie itself.
Is Eigenpie safe?
DefiLlama lists two audits for Eigenpie, but the project does not name the auditors or findings. An audit lowers risk but does not remove smart-contract, slashing or LST depeg risk.
Compare
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Same chain
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Uniswap V4 is the latest Uniswap DEX version with hooks and concentrated liquidity, running on 22 chains for self-custody token swaps and liquidity provision.
Uniswap V3 is a non-custodial decentralized exchange protocol for token swaps and concentrated liquidity provision across 40+ chains.
DeFi Saver is a non-custodial tool for managing and automating leveraged lending positions across major DeFi protocols on Ethereum and layer-2 networks.
OKX is a major centralized crypto exchange for spot and derivatives trading, earn products and a Web3 wallet, with its own OKB token.
How we checked
Sources
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