Binance will unveil the 49th project on its Binance Launchpool – ether.fi (ETHFI). Built as a decentralized, non-custodial delegated staking protocol, ETHFI trading will commence on Binance starting March 18, 2024, at 12:00 (UTC). Before the Launchpool activation, a dedicated webpage is expected to be available within 24 hours.
ETHFI will carry the Seed Tag and will be tradable in pairs with BTC, USDT, BNB, FDUSD, and TRY, marking its successful listing on Binance. Users of the platform will have the opportunity to stake their BNB and FDUSD into different pools to farm ETHFI tokens starting from March 14, 2024, at 00:00 (UTC), lasting over four days.
Details related to the ETHFI Launchpool include a maximum token supply of 1 billion ETHFI with Launchpool token rewards being 20 million ETHFI, equivalent to 2% of the maximum token supply. Meanwhile, the initial circulating supply is set at 115.2 million ETHFI, accounting for 11.52% of the entire token supply.
For the BNB pool, the hourly hard cap per user stands at 16,666.66 ETHFI, while the FDUSD pool carries an hourly hard cap per user of 4,166.66 ETHFI. Notably, the staking terms mandate a Know Your Customer (KYC) process with Ethereum Smart Contract Details.
Finally, the farming period will extend from March 14, 2024, at 00:00 (UTC) to March 17, 2024, at 23:59 (UTC). The staking pools will include 16 million ETHFI in rewards (80%) for the BNB pool and 4 million ETHFI in rewards (20%) for the FDUSD pool.
