Published: Mar 07, 2023

Ether.Fi (ETHFI)

Website

Status

IEO

Ether.Fi is a decentralized and non-custodial liquid staking platform. Ether.Fi aims to build a decentralized non-custodial staking solution. The protocol allows stakers to retain control of their keys while delegating validator operation to a node operator.

Funding Round: $5.3 Million

Whitepaper

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Interest lvl

High

Updated: Mar 18, 2024

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User Rating

Highest

4.5/5 • 4 votes

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Ticker

ETHFI

Type

Utility-token

Registration countryCayman Islands

Registration year2023

Office addressStrathvale House, 4th Floor, 90 North Church Street George Town, Grand Cayman, Cayman Islands, KY1 9012

Launchpads

Binance

What is Ether.Fi

ether.fi is a decentralized, non-custodial delegated staking protocol with a Liquid Staking Derivative token. One of the distinguishing characteristics of ether.fi is that stakers control their keys. The ether.fi mechanism also allows for the creation of a node services marketplace where stakers and node operators can enroll nodes to provide infrastructure services and the revenue from these services is shared with stakers and node operators.

We take our ethics seriously and want the community to hold us accountable for living up to the following:

Decentralization is a primary objective. We will never compromise on the non-custodial and decentralized nature of the protocol. Stakers must maintain control of their ETH.

The ether.fi protocol is a real business with a sustainable revenue model. We’re in this for the long haul. We think and plan on the scale of decades. No ponzinomics f*ckery.

We will do the right thing for the Ethereum community, always. If and when we mess up, we will own it and course correct quickly.

Ether.Fi Roadmap

Delegate Staking

Release of ether.fi Desktop App
Delegated staking via an auction mechanism
Withdrawals of the staking rewards and the unstaked ETH
ether.fi Transferrable NFT (T-NFT) and Bond NFT (B-NFT)
ether.fi protocol treasury contract

Liquify Staked ETH on eETH Pool

Integration of Oracle for validator nodes information
Integration with EigenLayer's ReStaking
ether.fi Liquid ReStaking Token (LRT) token, eETH and weETH
ether.fi protocol treasury management contract
DeFi integrations

Node Staking

Integration of Distributed Validator Technology
Integration with EigenLayer's AVS
Add the permissioned DVT validators
ether.fi permission-less node staking
ether.fi node client

Token Sale Dates

IEO

Start date: Mar 14, 2024

End date: Mar 17, 2024

Token Allocation

Total Token Supply 1,000,000,000 ETHFI

Total Tokens for Sale 20,000,000 ETHFI

Funding Details

Funds Raised (as of now) 32,300,000 USD

Token distribution

Binance Launchpool - 2.00%
Airdrop - 11.00%
Investors & Advisors - 32.50%
Team - 23.26%
Protocol Guild - 1.00%
DAO Treasury - 27.24%
Liquidity - 3.00%