$ETHFI (ETHFI) is the governance token that drives the ether.fi network, a decentralized, non-custodial delegated Ethereum staking protocol. $ETHFI will enable community members to manage critical aspects of the protocol and direct the growth strategy of weETH, the wrapped non-rebasing version of ether.fi’s Liquid Restaking token eETH.
ETHFIalso plays a role in securing the network. ether.fi node operators will be required to stake ETHFI as “skin in the game” in order to ensure the nodes operate with minimal slashing risk. Once a node operator is approved by the community, they will deposit a specific amount of ETHFIper node before receiving delegated validator keys. This stake needs to be maintained in order to continue operating the node. Rewards are derived from consensus rewards, transaction fees and maximum extractable value (MEV).
