Ether.fi $ETHFI Initiates Season 2 StakeRank with Enhanced Loyalty Rewards 🎉🎁

Ether.fi launches Season 2 StakeRank, offering boosted loyalty points for staking, with a 5% $ETHFI token supply allocation and new conditions for participants.

The decentralized finance platform, Ether.fi, has officially rolled out Season 2 of its StakeRank program, ushering in a new era for ETH stakers. The initiative, which commenced on March 25, 2024, follows the successful completion of Season 1, and is set to run until June 30, 2024.

StakeRank is designed to incentivize users to stake their ETH for longer durations with Ether.fi by offering them loyalty points that boost their overall rewards. A notable 5% of the total ETHFI token supply has been allocated to this season's participants, marking a significant commitment to the platform's users.

Revamped Level System and Loyalty Boosts

The program introduces a tiered level system comprising 8 ranks. Users climb one rank level for every 100 hours they stake their ETH with Ether.fi. Each rank confers a progressively increasing loyalty points rate boost, encouraging sustained participation.

To be eligible for advancing ranks, a user's staking balance must remain above 0.1 eETH. Season 1 participants have a head start in Season 2, as they begin at Rank II. Additionally, holders of Ether.Fan NFTs are automatically advanced to Rank III, a benefit applied only once per NFT holder.

Follow me for more Updates.