EtherFi, a non-custodial liquid staking protocol, has proposed allocating up to 10 million ETHFI as an incentive to encourage centralized exchanges to accept the use of weETH as collateral for perpetual futures. weETH is the liquid restaking token of EtherFi. This move aims to increase the liquidity of weETH and enhance the overall liquidity of the DeFi ecosystem. By incorporating weETH as collateral for perpetual futures, traders gain the flexibility to leverage their staked ETH positions for trading purposes, unlocking additional yield-generating opportunities.
EtherFi to Discuss 10 Million ETHFI to Encourage Exchanges to Collateralize Perpetuals With weETH
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