ether.fi

Ether.fi (ETHFI) is used for staking Ethereum (ETH) and earning rewards through its unique features: Staking and eETH Minting: Users stake their ETH and receive the eETH liquid staking token, which can be used in DeFi applications for yield farming. Governance and Decision-Making: The ETHFI token is used for governance, allowing token holders to participate in the protocol's development and decision-making. Restaking and EigenLayer Integration: Ether.fi leverages EigenLayer technology to offer native restaking, providing an additional reward stream for stakers while maintaining decentralization and security. Accessibility and Liquidity: The protocol reduces entry barriers by allowing staking with any amount of ETH and offers a liquidity pool for eETH, making it accessible to a broader audience. Node Services and NFT Integration: Ether.fi plans to expand its ecosystem by enabling node operators and stakers to enroll in providing additional services, and by integrating NFTs for validator management.

Ether.fi has a significant history marked by rapid growth and innovation since its launch: Launch and Governance Token (ETHFI): Ether.fi launched its governance token, ETHFI, in March 2024, giving holders voting power in the protocol's decision-making. Initial Growth: The protocol's total value locked (TVL) surged by over 3,600% since early 2024, reaching almost $4 billion by mid-May 2024, driven by its innovative liquid staking and restaking approach. Record High for ETHFI: On March 27, 2024, ETHFI jumped 50% to a record high of $7.2, outperforming ether (ETH), bitcoin (BTC), and the broad-market CoinDesk 20 Index. Airdrop and Price Fluctuation: Following an ETHFI airdrop on March 18, 2024, the token initially rose to $5 on Binance but then slumped below $3, before recovering and reaching a record high. Decentralization and Sustainability: Ether.fi emphasizes decentralization and sustainability, ensuring stakers maintain control of their ETH and that the protocol operates on a long-term, sustainable revenue model.

Ether.fi (ETHFI) is a decentralized, non-custodial delegated staking protocol that enhances Ethereum staking rewards through its key features: Staking and Minting eETH: Users stake their Ethereum (ETH) on Ether.fi to mint eETH, a liquid staking token that allows them to retain control over their keys. Automatic Restaking: Once users have minted eETH, they are automatically enrolled in the restaking process, allowing their staked ETH to continue accruing rewards without additional action. Decentralization: Ether.fi is committed to maintaining a decentralized and non-custodial nature, ensuring stakers always have control over their ETH. Self-Custody of Staking Keys: Users generate and hold their own staking keys, unlike other protocols where the staking process often results in relinquishing control to the protocol. EigenLayer Integration: Ether.fi leverages EigenLayer technology to offer native restaking, providing an additional reward stream for stakers while maintaining decentralization and security. Accessibility and Liquidity: The protocol reduces entry barriers and offers a liquidity pool for eETH, making staking more accessible to a broader audience.