Ether.Fi is the 49th name to appear on the Binance Launchpool. Perhaps many of you still do not have much information about this project. Let's find out with Coinplus what is Ether.Fi? What is ETHFI token? What is ETHFI used for? right now!
What is Ether.Fi?
Ether.Fi is a new staking protocol for Ethereum. Ether.Fi allows participants to retain control of their keys while reducing their stakes.
Deposits into Ether.Fi are staked using Eigenlayer. Eigenlayer reuses staked ETH to support external systems (e.g. aggregators, oracles) with an economic layer of security, increasing profits for those who stake ETH in the process.
What is ETHFI token?
ETHFI is the native governance and utility token for the Ether.Fi protocol. It is used by the community to manage the main components of the protocol.
What is ETHFI used for?
The ETHFI token is used to manage the main components of the protocol:
Ether.Fi Treasury
Main protocol upgrade
Protocol and distribution fees
ETHFI metric
Name
ETHFI
Type
ERC-20
InitialCirc. Supply when listing Binance
115,200,000 (11.52% of total supply)
Total supply
1,000,000,000
Distributed to Binance Launchpool
20,000,000 (2% of total supply)
Binance Launchpool start date
March 14, 2024
ETHFI Allocation
ETFI tokens will be allocated according to the following table:
ETHFI
Binance Launchpool: 2.00% of the total token supply
Airdrop: 11.00% of the total token supply
Advisors and investors: 32.50% of the total token supply
Team: 23.26% of the total token supply
Protocol Guild: 1.00% of the total token supply
DAO Treasury: 27.24% of the total token supply
Liquidity: 3.00% of the total token supply
ETHFI token unlocking schedule
ETHFI tokens will be unlocked according to the following chart. It can be seen that this year the amount of ETHFI unlocked is only about 20%.
How to receive ETHFI tokens
Currently, Binance is allowing you to farm ETHFI tokens for free with BNB or FDUSD.
If you do not have a Binance account, enter code KNAE9ERI when registering to receive a reduced transaction fee.
summary
Recently we learned together about the 49th project Ether.Fi on Binance Launchpool. Surely you already have some information about this project. This article is for reference only and is not investment advice. Wishing you success and making money from the market.
