Eigenpie (mLRT) Review
A published fee and three linked audits; exits paused
of 10
Eigenpie's Ethereum deposit and withdrawal contracts have been paused since 28 October 2026, and no reason has been published, so holders cannot currently redeem through Eigenpie. Re-scored from current sources, it scores 3.6/10, last in liquid restaking: a published fee and three linked audits, but no slashing disclosure and no licence file. Basis: desk research and on-chain checks, 1 November 2026.
Score
3.6/10: (6 + 3 + 2 + 1 + 6) / 5, re-scored from 2.0
Status
Staking and withdrawal contracts paused since 28 Oct 2026 (block 26,294,189)
Documented exit
8 to 16 day escrow for LSTs; native ETH withdrawals not opened
Fee
10% of rewards on the Eigenpie P2P operator route
Audits linked
BlockSec, PeckShield (v1.0) and AstraSec
Licence
No repository or file; GPL-3.0-or-later headers in verified source
Scores
Each criterion carries equal weight. The overall score is the average of these 5 scores — (6.0 + 3.0 + 2.0 + 1.0 + 6.0) ÷ 5 = 3.6.
Pros
- Commission: 10% rewards fee published for the P2P node-operator route
- Audits: three linked reports by BlockSec, PeckShield (v1.0) and AstraSec
- Isolation stated plainly: each mLRT is minted against one specific LST, not a basket
- Verified contract source on Sourcify, labeled GPL-3.0-or-later
Cons
- Exit: deposits and withdrawals on Ethereum paused on-chain since 28 Oct 2026, with no published reason
- Slashing by AVSs is never addressed in the documentation; no insurance is described
- No public repository or licence file
- No fee stated for the InfStones route; the 5% vlEGP share is not reconciled with the 10%
Eigenpie issues a separate liquid restaking token for each asset it accepts, an mLRT such as mstETH for stETH, and restakes the deposits on EigenLayer. Re-scored from current sources on 1 November 2026, it scores 3.6 out of 10, up from 2.0, and is still last in the liquid restaking ranking. One current fact matters more than any mark below: on 28 October 2026 Eigenpie's Ethereum deposit and withdrawal contracts were paused, and they were still paused when we checked on 1 November.
Current status: deposits and withdrawals paused on Ethereum
We checked status directly on-chain because the standalone domain eigenpie.xyz failed its secure connection on 1 November 2026. The documentation site and the Magpie-hosted app address listed on the official-links page both still load.
- The eigenStaking and withdrawManager contracts listed on Eigenpie's smart contracts page both return paused = true. Each emitted a Paused event in Ethereum block 26,294,189, on 28 October 2026 at 22:21 UTC.
- The verified source of both contracts, published on Sourcify, shows what the pause blocks. On the staking contract it stops deposits (depositAsset). On the withdrawal contract it stops queuing a withdrawal and claiming LSTs or ETH (userQueuingForWithdraw, userWithdrawAsset, userWithdrawETH).
- The mLRTs still exist. On 1 November the Ethereum supply was about 539 mstETH, 394 mswETH and 67 egETH.
We found no explanation of the pause in Eigenpie's documentation or on its blog, whose latest post is dated September 2025. Our evidence shows only that the contracts are paused, not why. Until they are unpaused, a holder cannot redeem an mLRT for its underlying asset through Eigenpie on Ethereum.
How Eigenpie scores in liquid restaking
The five criteria carry equal weight. The table gives the current marks, re-checked on 1 November 2026.
| Criterion | Finding (checked 1 Nov 2026) | Mark |
|---|---|---|
| Commission clarity | The liquid and native restaking pages state a 10% rewards fee for deposits delegated to the Eigenpie P2P node operator. No fee is given for the InfStones route, and the docs do not say how a separate 5% of AVS rewards paid to vote-locked EGP holders relates to the 10%. | 6 |
| Slashing & risk disclosure | The documentation does not use the word "slashing". Its risk note says DeFi contracts are risky, that users can lose all or part of their funds, and that they should read EigenLayer's documentation. No insurance is described. | 3 |
| Exit & redemption | The unstaking guide states an 8 to 16 day escrow. The withdrawal contract has been paused since 28 October 2026, so that route is currently closed. The native restaking page says withdrawals "will not be opened at launch" and gives no later date. | 2 |
| Licence & code openness | No public repository or licence file found. The verified contract source on Sourcify carries GPL-3.0-or-later headers on Eigenpie's own files. | 1 |
| Audit disclosure | The audit page links three reports: BlockSec and PeckShield on Eigenpie v1.0, and AstraSec. | 6 |
The arithmetic: (6 + 3 + 2 + 1 + 6) / 5 = 18 / 5 = 3.6.
What changed: commission clarity rose from 2 to 6 now that the documentation states a 10% rewards fee, though only for the P2P operator route. Audit disclosure rose from 2 to 6 now that the audit page links three reports by named firms. Exit stays at 2: an escrow is documented, but the route is closed while the withdrawal contract is paused. Slashing disclosure and licence are unchanged.
Strongest criteria: commission and audits
Commission clarity (6) reflects a fee stated as a figure: 10% of rewards for deposits delegated to the Eigenpie P2P node operator, on both the liquid and native restaking pages. It sits below the 7 given to peers with a single published rate because it covers only one route. No fee is given for InfStones, and the docs do not say how the separate 5% of AVS rewards paid to vote-locked EGP holders relates to the 10%.
Audit disclosure (6) reflects three linked reports by named firms: BlockSec and PeckShield on Eigenpie v1.0 in 2024, and AstraSec. That is more than the one- and two-firm records in the category and fewer than the four-firm records that score 8 or 9. No bug bounty is mentioned, and the listed reports predate the contracts' current state.
Weakest criteria: exit, licence and slashing
Exit & redemption (2) reflects what a holder can do today. The unstaking guide documents an 8 to 16 day escrow, which would normally earn a mid-scale mark. But the withdrawal contract has been paused since 28 October 2026, and native ETH withdrawals were never given an opening date. A documented route that cannot be used does not lift the mark. If the contracts are unpaused, this is the first mark to revisit.
Licence & code openness (1) is the rubric's lowest mark for a missing licence file. Eigenpie has no public repository to read one from. Its verified source on Sourcify does carry GPL-3.0-or-later headers, so the deployed code is readable, but the rubric reads the licence from the protocol's own repository file.
Slashing & risk disclosure (3) rests on a generic warning. The documentation explains the isolation design and warns of total loss, but it never uses the word "slashing" or explains what AVSs can slash. No insurance is described.
What the score does not cover
- Returns, Eigenpie Points or the EGP token's value.
- The health of each underlying LST, or how an mLRT trades on secondary markets while redemptions are paused.
- Who can pause or upgrade the contracts. The documentation does not say, and we did not attribute the pausing address.
- Hands-on use. The basis is desk research from documentation, verified contract source and on-chain reads, with no deposit or withdrawal attempted.
Our guide to staking returns after costs explains how fees, slashing and exit delays interact.
Eigenpie vs Swell Restaking and Renzo
Peer figures are the scores published on the ranking on 1 November 2026. Swell Restaking (4.6), another consumer token restaked on EigenLayer, finishes 1.0 point ahead. The two tie on slashing disclosure (3), licence (1) and audits (6). Swell leads on commission (7 against 6) and, decisively, on exit (6 against 2), which accounts for most of the gap.
Renzo (7.6), the category leader, shows what a full disclosure looks like: 9 for commission, exit and audits, and 6 for slashing disclosure. Its widest lead over Eigenpie is on exit, 9 against 2.
Who this rating suits
This review is most useful to existing mLRT holders and to anyone checking what Eigenpie discloses before buying an mLRT on a secondary market. The main finding is operational, not a matter of the score: Ethereum deposits and redemptions are paused, and no reason has been published. Nothing here is a recommendation to buy, hold or sell any token.
How it compares
Renzo (ezETH)
Fee split and withdrawal delays published layer by layer
ether.fi (eETH / weETH)
A long audit record and plain slashing disclosure
YieldNest (ynETH)
Open BSD code backed by a long list of dated audits
EigenLayer
A long audit record and plain slashing disclosure
Symbiotic
Audit disclosure and documented slashing mechanics
Mellow
Audit disclosure: dated reports from six firms on one page
Kelp DAO (rsETH)
A long audit record and two published exit routes
Swell Restaking (rswETH)
A 10% reward fee that matches the live contract setting
Sources
Scored from published primary sources rather than hands-on use. Every figure above comes from one of the pages below, on the date shown. Manufacturers change prices and specifications without notice — if something here no longer matches the source, tell us and we will correct it.
- 1.Eigenpie docs — liquid restaking (isolation, 10% fee) — checked
- 2.Eigenpie docs — native restaking — checked
- 3.Eigenpie docs — unstake your LSTs (8 to 16 day escrow) — checked
- 4.Eigenpie docs — risk reference — checked
- 5.Eigenpie docs — audit reports — checked
- 6.Eigenpie docs — smart contracts — checked
- 7.Eigenpie docs — vote-locked EGP (5% of AVS rewards) — checked
- 8.Etherscan — Eigenpie eigenStaking contract — checked
- 9.Etherscan — Eigenpie withdrawManager contract — checked
- 10.Sourcify — EigenpieStaking verified source — checked
- 11.Sourcify — EigenpieWithdrawManager verified source — checked
- 12.Eigenpie blog — feed (latest post September 2025) — checked
Frequently asked questions
Can I withdraw from Eigenpie right now?
Not through its Ethereum contracts. Both the staking and withdrawal contracts have reported paused since 28 October 2026, and the verified source shows that the pause blocks withdrawal requests and claims. Eigenpie had published no explanation as of 1 November 2026.
Why does Eigenpie score 3.6?
It is the plain average of five equally weighted marks: 6 for commission, 3 for slashing disclosure, 2 for exit, 1 for licence and 6 for audits. The published fee and audit links lift it; the closed exit and missing licence file hold it at the bottom of the category.
Why did Eigenpie's score change from 2.0?
Commission and audit marks were set when no fee or auditor could be found. The documentation now states a 10% fee on the P2P route and links three audit reports, so both rose from 2 to 6. The other three marks are unchanged.
How does Eigenpie compare with the closest rated peers?
Swell Restaking's published score is 4.6. It ties with Eigenpie on slashing, licence and audits, and leads mainly on exit, 6 against 2. Renzo, at 7.6, leads on every criterion.
Who is this review useful for?
Current mLRT holders and anyone weighing an mLRT on a secondary market. It records what Eigenpie discloses and the current pause; it does not measure returns and is not advice.
Nothing here is financial advice. Editorial policy · How we score · How we're funded.