# How big is the potential of the ETHfi project in terms of staking?

49th project on Binance Launchpool – ether.fi (ETHFI). Built as a decentralized, non-custodial delegated staking protocol, ETHFI trading will begin on Binance starting March 18, 2024, at 12:00 (UTC).

For example:

- ETH holders want to earn more profits, they will bring ETH into liquid staking protocols to earn more profits (eg: Lido, Rocket, Yearn,...) => after staking in the above protocols, they will receive About LST token + interest: (LST token is like a debt paper representing the ETH I have staked into the protocol)

- Liquid restaking was born so that users can bring debt papers (LST tokens) into the Liquid restaking protocol and receive an additional debt paper called (LRT) + interest.

The initial LST amount you bring into the Liquid restaking protocol will be brought to the Restaking (EigenLayer) staking protocols for profit.

- LRTs received from Liquid staking protocols can participate in: Defi, provide liquidity, mortgage, borrow ETH and continue the loop as above. (APY will probably be quite high)

Detailed information about ETHFI on Launchpool:

- Token name: ether.fi (ETHFI)

- Total token supply: 1,000,000,000 ETHFI

- Launchpool token reward: 20,000,000 ETHFI (2% of total maximum token supply)

- Initial circulating supply: 115,200,000 ETHFI (11.52% of total maximum token supply)

- Smart contract details: Ethereum

- Staking terms: Compulsory completion of KYC process

- Hourly Hard Cap per user:

16,666.66 ETHFI in BNB pool

4,166.66 ETHFI in FDUSD pool

Supported pools:

➡️Stake BNB: Reward is 16,000,000 ETHFI (80%)

➡️ Stake FDUSD: Reward is 4,000,000 ETHFI (20%)

#eth #Restaking #Layer2