[Etherfi Airdrop: Everyone ready to redeem prizes for new cryptocurrency]
Etherfi, a well-known Ethereum liquidity re-pledge protocol, will launch its cryptocurrency ETHFI tomorrow and conduct an airdrop for early adopters. This represents a reward for early adopters of the platform and could open the door to token distribution for more restaking projects such as Eigenlayer and Swell.
The summary is as follows:
* Etherfi will launch the cryptocurrency ETHFI and conduct airdrops to early adopters of the re-pledge protocol.
* Cryptocurrency Etherfi, which is mined through the Binance Launchpool, will be distributed among users who lock up their ether and exchange it for eETH in the coming months.
ETHFI will be listed on Binance and major exchanges, with possible airdrops to protocol equity holders. Etherfi stakers who have recently locked up ether will be allocated a portion of the new cryptocurrency. The move is in response to increased protocol TVL (up $2.9 billion since January).
User participation is calculated through a points system based on the amount of deposited Ethereum and the locking time. These points will be converted into the ETHFI cryptocurrency and are expected to be redeemed starting tomorrow.
Etherfi support includes Binance Launchpool, giving novice users the chance to mine new cryptocurrencies, albeit with lower returns compared to airdrops.
With billions of dollars pouring into the protocol due to its popularity and its exponential growth, expect this token distribution to be highly regarded by the Ethereum community.
In addition to Etherfi, staking protocols such as Eigenlayer and Swell are also likely to undergo airdrops in the coming weeks, further enriching the options for crypto farmers.
