$ETHFI ETHFI is the native governance token of the EtherFi protocol, primarily used for decentralized liquid staking of Ethereum. Here are some key pieces of information about ETHFI:

• Definition and Operating Mechanism:

• ETHFI is a non-custodial, decentralized staking protocol based on the Ethereum blockchain. Unlike traditional staking platforms, ETHFI allows stakeholders to retain full control over their assets while leveraging permissionless decentralized power.

• ETHFI offers two main services: Ethereum staking and Ethereum re-staking. In Ethereum staking, validators must lock up 32 ETH as collateral, propose and verify new blocks, participate in consensus through voting, and earn rewards for their services.

• Security and Exit Mechanism:

• The most significant advantage of ETHFI compared to traditional staking projects is its security. It achieves the effect of allowing stakers to control their keys and retain custody of their ETH while delegating staking to node operators by developing a non-custodial staking solution that incorporates distributed validator technology (DVT) and validator management through NFTs.

• ETHFI provides a unique exit mechanism, allowing users to unstake and convert eETH back to ETH, meaning users can not only swap back to ETH through DEX but also choose to unstake for a 1:1 redemption of ETH with a shorter wait time.

• Token Model and Empowerment:

• The total supply of ETHFI is 1 billion tokens, with an initial supply of 115.2 million tokens, and the circulating supply of modern tokens is 11.52%.

• The uses of ETHFI within ether.fi include paying protocol fees, project incentives, and participating in governance.

• Value Determination:

• In the ether.fi project, there are no scenarios of centralized destruction or periodic destruction of ETHFI.

• The main uses and significance of ETHFI:

• The significance of ETHFI lies in its promotion of the DeFi ecosystem and lowering the staking threshold, which can further improve capital efficiency.

• ETHFI allows users to stake ETH and receive liquid tokens eETH, increasing capital liquidity.

• Market Performance:

• The highest price of ETHFI ever recorded was 7.41, and its current price has dropped -79.53% relative to the price of 7.41.