🚀Things to know about ETHFI token
💵Ether.fi is the 49th project on Binance Launchpool. The exchange will list ETHFI tokens at 7:00 p.m. on March 18 and open trading with ETHFI/BTC, ETHFI/USDT, ETHFI/BNB, ETHFI/FDUSD and ETHFI/TRY pairs. Seed tokens will be applied to ETHFI tokens.
💵Users can stake BNB and FDUSD into separate pools to farm ETHFI tokens for four days, the farming process starts at 7:00 a.m. on March 14. The website is estimated to be available 24 hours, before the Launchpool begins.
💵 Ether.fi is currently the Liquid Restaking protocol with the largest TVL of up to 1.79 billion USD, equivalent to 530 thousand ETH being staked on this protocol. Ether.fi offers users an APR of around 3.95%. Since its launch, this protocol has issued more than 353.3 million EigenLayer Points and about 24.7 billion Ether.fi Loyalty Points.
💵The highlight of Ether.fi is that it allows stakers to create and hold their own staked ETH keys. The staking person has control over the key while still being able to delegate staking to the node operator. This significantly reduces counterparty risk for users.
💵One NFT is minted for each validator launched through Ether.fi. The Ether.fi mechanism will mint one NFT for each validator launched through the protocol. The Liquid Staking Derivative eETH derivative token is minted from a liquidity pool containing these NFTs.
💵These NFTs control 32 staked ETH and store metadata related to the validator such as: the client it runs, its geographical location, the node operator, and any node services it is running. These NFTs can be used to create a layer on top of staking infrastructure.
💵The project attracts investment from Bullish, CoinFund, Amber, Bankless Ventures, OKX Ventures, Consensys...
