Protocols related to the native Liquid Restaking Protocol object are emerging frequently with impressive progress, demonstrating the project’s development potential and the community’s strong enthusiasm. ether.fi is one such initiative.
What is ether.fi?
ether.fi is seen as a native Liquid Restaking Protocol (nLRP) that allows users to stake Ethereum (ETH) and get the native liquid restaking token of the platform, eETH, at a 1:1 ratio.
Users can proceed to improve capital efficiency by using eETH to provide liquidity into supported ether.fi pools and receive rewards such as APR, APR restaking, bonus points of ether.fi and EigenLayer.
Moreover, users may sign up to operate a node service on ether.fi to support the platform’s infrastructure and get block rewards.
Outstanding characteristics of ether.fi
The following are some of the highlights of the ether.fi platform:
- User-friendly interface: ether.fi improves the platform’s user experience by offering an intuitive staking interface with simple, basic procedures.
- Compatible with many DeFi protocols: ether.fi has partnered with many DeFi protocols to expand eETH holders’ application options. Consequently, eETH may be utilized to offer liquidity for a variety of DeFi protocols, such as Pendle, Balancer, Curve, and Maverick.
- Providing liquidity with a single token: ether.fi allows users to contribute liquidity to the Pendle pool using only eETH tokens, which helps avoid the loss caused by Impermanent loss. After that, users will receive additional bonus points from EigenLayer and ether.fi.
The ether.fi liquidity pools available to users
Directions for hunting ether.fi airdrops
It is undeniable that the ether.fi platform offers a range of rewards has created excitement in the community and encouraged users to engage in the platform.
Users can take part in running nodes, selling 2 ETH bonds to get BNFT, and other activities to take part in the ether.fi airdrop hunting.
There are many activities on ether.fi that users can participate in for a chance to receive airdrops.
For those with small resources, minting eETH is the easiest option. The processes involved are as follows:
Step 1: Visit ether.fi homepage
Step 2: Add the cryptocurrency wallet to the platform. At present, ether.fi supports wallets connected to Wallet Connect and MetaMask.
Step 3: Stake ETH on ether.fi to receive eETH.
Step 4: Use eETH to provide liquidity to the Pendle pool or wrap eETH with WeETH to offer liquidity to Gravita, Term, Balancer,…
Users who stake Ethereum and provide liquidity to supporting platform pools will get:
- APR
- Restaking APR
- Bonus points from EigenLayer
According to the platform, the following formula is used to determine bonus points:
= Amount of ETH staked * 1000 * number of days staked
Note: Frequently update ether.fi activities on social media channels such as X (Formerly known as Twitter) and its official website so as not to miss any project announcements.
Additionally, users may get more reward points by inviting friends to join by sharing the referral link via following these steps:
- Step 1: In the toolbar on the ether.fi interface, choose the Portfolio function.
- Step 2: Select the Create Referral Link feature.
- Step 3: Send a copy of the referral link to another user.
Consequently, users and friends who utilize the referral link will get 100 additional points for every 0.1 ETH staked.
The more people a user can invite through the referral link, the more rewards they can receive.
The Development team, Investors and Project Partners
Development team
The ether.fi project team includes many experts in the field of technology:
- Mike Silagadze: the CEO and founder of the company. He previously worked as the CEO and founder of Top Hat.Bsc from the University of Waterloo.
- Chuck Morris: Vice President and Project Engineer. Since 2018, he has been joining the market and developing the technical team in crypto.
- Rok Kopp: Customer Director, has over ten years of expertise in Sales and Marketing.
The ether.fi development team includes experts with extensive experience in the technology field
Investors
At the Seed round in February 2023, ether.fi successfully raised 5.3 million USD from major investment firms in the sector, including Chapter One, NorthIsland,… and angel investor Arthur Hayes.
ether.fi has successfully raised 5.3 million USD in Seed round
Project Partners
Thus far, ether.fi has collaborated with many well-known projects on the market, such as Pendle, Gravita, and Maverick.
Particularly, the collaboration between EigenLayer and ether.fi has allowed the platform to provide consumers with more varied liquidity pools while strengthening project security because of innovative technologies from EigenLayer.
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