1. Project introduction
Etherfi is a decentralized, non-custodial entrusted staking protocol with a unique Staking mechanism and Liquid Staking tokens. ether.fi emphasizes the importance of decentralized and non-custodial staking, allowing participants to retain their rights when staking. Control of its keys. and provide participants with higher returns and lower costs through innovative revenue streams and efficient operational optimization.
Etherfi uses distributed verification technology (DVT) to reduce the operating costs of independent nodes to promote the decentralization of the Ethereum network.
Binance opening trading time: 2024/03/18, 20:00 (UTC+8)
Total number of tokens: 1 billion
Initial circulation: 115 million (11.52%) of which Launchpool accounts for 2%
The online price is estimated to be between $6 and $7, corresponding to an FDV of more than $6 billion. Binance is still mining now->Binance Launchpad
2. Highlights Introduction
- ether.fi implements a token equity investment service with full control
- Ranked first in TVL on the Liquid Restaking track, with a TVL of US$30 billion accounting for half of the entire track
- Through the shared revenue model, all parties to the agreement share the revenue of the agreement
- Distributed Verification Technology (DVT) reduces the 32ETH mortgage required to operate independent nodes and promotes network decentralization
- Allow users to partially or completely withdraw their investments
- The staking rewards are distributed as 90% to miners, 5% to node operators, and 5% to the protocol
According to Defilama, the locked position of ether.fi in the Liquid Restaking sector is far ahead of the second-ranked Puffer Finance, which is enough to show its leading position in the market. Some time ago, I shared the process of the currency circle gradually becoming a U.S. stock. The bigger the leader, the more it will rise. Binance has also followed this principle in selecting projects in recent phases. The advantage of the leader is that it can open the upper limit of valuation by itself. There will be more imagination for new products under the new narrative.
3. Financing situation
According to data from RootData, Ether.Fi has completed 2 rounds of financing, raising a total of US$32.3 million. Investors include Bullish, CoinFund, North Island Ventures, Chapter One, Node Capital, and BitMex founder Arthur Hayes.
4. Economic Model
Total number of tokens: 1 billion
Initial circulation: 115 million (11.52%) of which Launchpool accounts for 2%
Token Utility: #ETHFI is the native utility and governance token of the Ether.Fi protocol. It is used by the community to govern key aspects of the protocol, including
-Ether.Fi’s Vault
-Key protocol upgrades
-Protocol fees and distribution
The agreement itself has a real sustainable revenue model for distribution, but this part has not been explained clearly. As a project with a TVL of US$30 billion, the revenue is considerable.
What range do you think the launch price will be? Welcome to leave a message for discussion
