The ether.fi Foundation is pleased to announce the launch of the ETHFI token, which represents the next significant step in the decentralization of the ether.fi protocol. As the first noncustodial, delegated staking protocol, ether.fi is the market leader in liquid restaking tokens, with significant adoption across the Ethereum ecosystem.
The ETHFI token launch enables ether.fi’s developing ecosystem to participate in governance and help shape the protocol’s future.
Ether.fi has already raised over 800,000 ETH in TVL, with over 250k wallets currently staking ETH on the network. eETH, a rebasing ERC-20 liquid staking token, is ether.fi’s primary product. Users that own eETH can receive native ETH staking rewards, ether.fi points, and EigenLayer points, as well as participate and earn additional rewards in other DeFi protocols on Ethereum and compatible L2s.
As a percentage of protocol and re-staking incentives are allocated to the DAO treasury, the ETHFI token now plays an important role in regulating and governing this treasury, as well as the protocol’s overall future.
THFI was traded on Whale Market at an average bid price of 4.29 USD and a total trading volume of 821,475 USD. After Binance announced the offering of ETHFI, many investors projected a listing price of about 3 USD based on recent launchpool statistics. The initial market capitalization was roughly 350 million USD.
The restaking movement has sparked widespread interest in Ether.fi throughout the community. According to DeFiLlama statistics, Ether.fi is the greatest liquid restaking protocol in terms of Total Value Locked (TVL), with over 2.4 billion USD, beating the next challenger, Puffer Finance, which has 1.5 billion USD.
Ether.fi is a native Liquid Restaking Protocol (nLRP) that allows users to stake Ethereum (ETH) and get native liquid restaking tokens (eETH) at a 1:1 ratio. Investors can use eETH to boost capital efficiency by supplying liquidity to Ether.fi pools and earning benefits like APR, APR restaking, Ether.fi points, and EigenLayer.
The airdrop plan allocates 11% of total supplies to community airdrops, with 6% for season one and 5% for season two. The campaign seeks to increase investor participation and protocol development. Early adopters, Ether.Fan NFT holders, stakers, eETH or weETH holders, participants in eETH or weETH DeFi pools or vaults, Ether.fi badge holders, and those who recommend friends to the project are all eligible for the airdrop.
Ether.fi is one of the most promising restaking projects. With collaborations with important projects and a position on Binance Launchpool, ETHFI expects significant growth in the future.
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