Okay, folks, here’s a quick-start guide. In fact, we’re gonna start with the TL;DR:
TL;DR - There are two weETH tokens from #EtherFi  on Mode rn. #weETH and weETH.mode - the latter is the modern one. Why the change? The new weETH.mode is deployed through the OFT standard, it allows users to bridge to and from Mode in under 5 minutes and to all other chains supported by LayerZero (that’s like, a lot).
So, with that in mind, if you have any weETH on Mode (esp if it’s in an LP), ya’ll better move to migrate. Here’s how:
Quick Start Guide

Head over to your OLD weETH-ETH LP Position page and hit that transfer button.2. Next up, remove and burn the OLD weETH-ETH position. It’s out with the old, in with the new.

3. Once you see the confirmation message, simply select the 'Done' button.

4. Time for the swap! Your tokens will already display, pairing OLD weETH with New weETH. Just hit "Proceed to Swap" to confirm. Easy, right?

5. Create your NEW weETH.MODE<>ETH position now.

6. And just like that, you'll receive a confirmation message completing the transfer process. Keep enjoying your boosted rewards!

Fin
We like to end Mirror posts with “fin” because it kinda sounds fancy.
Follow us on X, join us on Discord, and ride the wave.

The following analysis provides a comprehensive examination of the price dynamics and future outlook for the Ether.Fi governance token (ETHFI). By evaluating both technical and fundamental aspects, this report aims to offer investors valuable insights into potential price movements and investment opportunities.

Overview:
- Token Name: Ether.Fi Governance Token (ETHFI)
Ether.Fi is a non-custodial native ETH staking protocol with liquid staking derivative tokens. It allows users to provide their Ethereum to support nodes and receive rewards while maintaining full control of their own funds. Recently, the platform presented its native $ETHFI token, designed for paying protocol fees, rewarding stakers and node runners, and participating in governance votings.
- Market Cap: $428,600,127
- Volume 24h: $176,046,496
- Current Price: $3.72 (Increased by 6.92% in the past 24 hours)
- Country: Cayman Islands
- Industry: Blockchain Service
- Founded: 2022
- Whitelist: No
- Blockchain Network: Ethereum
- KYC: Yes
- Bounty: Yes
- MVP: Yes
- Type: IEO, Equity
- Security Audit: Yes (Certik Security Audit of EtherFI, Zellic Security Audit of the EtherFI’s Early Adopters Pool, Solidified Security Audit of EtherFi Protocol)
Ether.Fi Review:
Ether.Fi is a decentralized staking protocol on the Ethereum chain network with its own Liquid Staking Derivatives (LSD) token. It aims to incentivize the security of the Ethereum chain network by offering users a safe, non-custodial solution for contributing ETH to the node validators and earning APR.
Ether.Fi crypto protocol is powered by its native ETHFI token, which serves multiple purposes including paying fees, rewarding node validators as well as ETH contributors, and participating in DAO votings.
In the past, the company has conducted a few private token sales with the involvement of top-tier funds such as Arrington XRP Capital, ConsenSys, CoinFund, and 24 other funds and investors. Up to date, Ether.Fi has raised over $27M. Recently, in 2024, Ether Fi announced its first public sale round - IEO on Binance, allocating over 2% for the Binance Launchpool event.
Taking into consideration this information, the CoinLaunch team analyzed the project in eight key areas including marketing, tokenomics, security, etc., and found some important pros and cons you need to consider before investing in Ether.Fi token.
EtherFi Pros:
- Impressive $3B EtherFi TVL;
- Relatively low token inflation rate (0.46%) during the first year after TGE;
- Low FDV/Initial Market Cap ratio (11.52%);
- Strong Growth Marketing and PR performance;
- Relatively experienced team;
- Presence of security audits from a few top-tier companies;
- Support from top-tier funds;
EtherFi Cons:
- Weak marketing infrastructure and SEO performance;
- Quite high token inflation rate in the second year after TGE;
- Lack of transparency in tokenomics: token price at each investment round, vesting, etc.
Ether.Fi Token Economy:
- Total Raise: $27,000,000
- Total Supply: 1,000,000,000
- Private/Pre-Sale: (0%)
- Public Sale: 20,000,000 (2%)
- Fully Diluted Valuation (FDV): $166,000,000
- Initial Circulation Supply: $19,100,000 (11.51% of FDV)
- Investors & Advisors: 32.5%
- DAO Treasury: 27.2%
- Team: 23.3%
- Airdrop: 11%
- Liquidity: 3%
Price Prediction:
According to our long-term ETHFI price prediction, the price of ETHFI will reach an average of $55.34 by the end of 2024, rising to $95.06 by the end of 2025 and $247.41 by the end of 2030.
Short-term price forecast suggests a positive trajectory, with expected increases over the next six months. For example, in May, the value of ETHFI token may vary between $3.91 and $4.06, with an average price of $3.98.
Long-term predictions are highly optimistic, with significant value appreciation forecasted over the next decade. By 2030, ETHFI is projected to reach an average price of $247.41.
Conclusion:
The future value of ETHFI remains uncertain, influenced by various factors such as project developments, technological advancements, and market conditions. Investors are advised to conduct thorough research and seek professional guidance before making investment decisions. While the projections provided here serve as valuable insights, they are not to be construed as financial or investment advice.
Disclaimer:
The information presented in this analysis is for informational purposes only and does not constitute financial or investment advice. Investors should conduct their own research.
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#BinanceLaunchpool #ETH #EtherFi #EmperorInsights #BullorBear $ETH $ETHFI

RNDR utilizes GPU power for decentralized digital content creation, while OCEAN revolutionizes data sharing and monetization by empowering data owners. Additionally, FET’s AI-driven blockchain enhances digital transactions and accessibility.
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This week, RNDR, OCEAN, and FET are catching attention in the cryptocurrency market. These coins are gaining popularity for their innovative technologies and rising usage. With the market trending upwards, investing $10 in these assets could potentially yield $1000.

1. Render (RNDR) Revolutionizing Digital Content Creation
Render (RNDR) is leading the charge in transforming digital content creation through a decentralized rendering platform powered by GPUs. This innovative system connects individuals requiring rendering services with GPU owners possessing idle resources, effectively utilizing underutilized computing power and creating a new income stream for GPU owners. OctaneRender is leveraged for rendering tasks, further enhancing efficiency and accessibility.

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Currently ranked 26th on CoinMarketCap, Render boasts a market valuation nearing $4.79 billion. This significant valuation underscores the increasing influence and widespread acceptance of decentralized solutions within the creative sector.

Render price chart
RNDR recently observed a substantial increase, surging 12% in value and reaching a record peak of $13.59, followed by a minor pullback. Presently, the price of RNDR hovers around $12.67. This uptick reflects a broader trend where cryptocurrencies focusing on artificial intelligence are garnering heightened interest, driven by the expanding potential of AI across various industries.

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2. Ocean Protocol (OCEAN): Empowering the Data Economy
Ocean Protocol (OCEAN) is spearheading the development of a new data economy by integrating blockchain, artificial intelligence, and data technologies. This platform facilitates the secure and confidential exchange of data, empowering data owners with control over their digital assets. Its mission is to enable data monetization through various tools and services, including data marketplaces.
Also Read:   FLOKI's Surge Suggests Next DOGE in Market Cycle
In the past month, OCEAN’s value has surged impressively by over 113%, showcasing its increasing prominence in the data commerce sector. This surge reflects a strong market optimism for OCEAN, highlighting its pivotal role in transforming data sharing and monetization practices.

Ocean Protocal price chart

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Ocean Protocol’s price recently reached $1.14, marking a notable increase of 9.42% in just one day. This upward trend indicates growing investor confidence in the protocol, positioning it as a promising investment opportunity. With its current momentum, OCEAN is poised for significant gains, potentially transforming a modest investment into substantial returns.
3. Fetch.ai (FET): Revolutionizing Decentralized Machine Learning
Fetch.ai (FET) is leading a transformative movement with its blockchain-based decentralized machine learning network. This innovative approach aims to decentralize digital transactions, enhancing both efficiency and user experience.
FET’s rise has garnered significant attention from investors, particularly those intrigued by the rapidly expanding realm of AI-driven initiatives. As an AI token, Fetch.ai has played a vital role in increasing accessibility to artificial intelligence technologies.

Fetch.ai price chart

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In the latest trading session, Fetch.ai’s market valuation experienced an impressive 4% increase, with the FET price surging to $2.68. This surge propelled its market capitalization to $2.25 billion, securing its position as the 54th largest cryptocurrency in the global market standings. Over the past month, FET’s value has skyrocketed by 222%, establishing it as a top choice for investment, with the potential to significantly multiply a $10 investment.
Conclusion
This week, RNDR, OCEAN, and FET are shining as the top altcoins to consider buying. Their innovative strategies and recent market performances suggest they could offer substantial returns. These digital assets not only present investment opportunities but also provide insight into the future of technology and data.
Also Read:   Avalanche Foundation’s Meme Coin Investments Stir Market Interest

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

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#EtherFi #Altcoin #Cryptocurrency #CryptoNews #ETHFI $ETHFI $ETH $BTC

Last week, NFT marketplace OpenSea abruptly halted trading of the EtherFan collection, which was backed by staked ETH. However, this incident triggered a response from EtherFi, a liquid staking protocol, which released an open letter condemning the platform. The two companies had a close collaboration prior to the launch of the EtherFan collection, working on secondary market sales and promotional strategies. However, OpenSea's withdrawal of the EtherFan collection from the market without any explanation surprised the EtherFi team and prompted them to react.

Collaboration and Expectations:

According to EtherFi CEO Mike Silagadze, the EtherFan team seemed quite positive and supportive during the collaboration process. They had established a marketing strategy focused on secondary market sales and mutual promotion. However, after the EtherFan collection was launched on OpenSea, the team realized that the collections had inexplicably disappeared, and they received no explanation. Additionally, when the EtherFi team attempted to list their own NFTs, they encountered error codes.

EtherFi's Response and Open Letter:

With the EtherFan collection listed on Rarible, Blur, EtherFi's biggest competitor, was not an option as it did not support the ERC1155 token standard used by EtherFan NFTs. In this situation, EtherFi published an open letter condemning OpenSea's actions. The letter states that OpenSea is acting like an unlicensed casino and that listing a useful collection is prohibited. However, the letter also acknowledges that OpenSea may not have had intentional malicious intent and might not have control over the situation.

OpenSea's Response:

OpenSea avoided providing a direct response regarding the EtherFan collection. However, a spokesperson stated that they remove collections or content that violate their Terms of Service and in some cases, ban accounts.

EtherFi's Assessment:

EtherFi CEO Silagadze expressed frustration with the decision to halt NFT trading, emphasizing that staked ETH does not have inherent security value. He also highlighted that OpenSea's stance is an aggressive one and pointed out that other regulatory agencies have explicitly stated that ETH staking is not considered security. #opensea #nfts #NFTCommmunity

In Summary:

The halt in trading of the EtherFan collection sparked a debate between EtherFi and OpenSea. EtherFi condemned OpenSea's actions and argued that stopping the trade of NFTs was unnecessary. This incident brings attention to the complex issues and regulations in the NFT market, emphasizing the importance of collaboration and communication among industry players. #EtherFi #etherfan