This section looks a bit more attractive to DeFi than NFT games.

In a move that signals continued innovation in the DeFi sector recently, Binance announced the 49th project on its Launchpool platform: http://ether.fi (ETHFI) (raised over $32M)

Everyone can register a new account and join the Etherfi farm:https://accounts.binance.com/en/register?ref=LGR58JH9

What is ETHEFI?


#ETHFI - a pretty good Native liquid staking product on Ethereum that just got Binance Launchpool.

AEs who have idle stablecoins or are holding#BNBshould participate in Launchpool this time,

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)

Etherfi's mechanism of action

Ether's mechanism of action includes the following products:

  • Delegated staking: Allows users to deposit a specific amount of ETH into the Etherfi protocol, which once deposited creates a secure withdrawal safe and two NFTs (T-NFT, B-NFT) conferring ownership of the safe iron withdrawal. T-NFT represents a specific and transferable amount of ETH. B-NFT is used to provide a deductible for abatement insurance and offers a higher yield than T-NFT due to the additional risk involved in the insurance deductible process.

  • Liquidity Pool and eETH: Users who stake an amount of ETH less than a protocol-specific amount, or stakers who do not want to be responsible for monitoring validator nodes, can participate in Ether staking .fi by minting eETH in an NFT liquidity pool.

  • Node Services: Users can register to run nodes on the protocol with products implemented through a centralized service run by Ether.fi

The Etherfi Difference

The difference of Etherfi includes the following factors:

  • Etherfi is a decentralized staking protocol with no custody of user assets, while other related protocol service parties are allowed to retain complete control of user assets.

  • Etherfi's protocol provides secure and seamless delegated staking while delivering higher returns and less costs through innovative revenue streams and friendlier active optimization with users.

Etherfi development roadmap

Phase 1: Delegated staking

  • Released ether.fi Desktop application

  • Staking authorization through an auction mechanism

  • Withdraw staking rewards and unstaking ETH

  • Ether.fi Transferable NFTs ( T-NFTs ) and Bond NFTs ( B-NFTs )

  • ether.fi protocol treasury contract

Phase 2: Liquidity Pool and eETH

  • Oracle integration for authentication node information

  • Ether.fi Liquidity Staking Derivatives (LSD) Token, eETH

  • ether.fi liquidity pool to enable trading of {ETH, eETH, T-NFT}

  • ether.fi protocol fund management contract

Phase 3: Node Services

  • Released ether.fi node client

  • Integrates Distributed Validator technology

  • ether.fi infrastructure service

  • ether.fi infrastructure service payment contract

Team, Investors and Project Partners

The ether.fi project team includes many experts in the field of technology, notably:

Mike Silagadze: Founder and CEO, previously he also held the position of Founder and CEO at Top Hat.Bsc from the University of Waterloo.

Chuck Morris: Vice President and Project Engineering. He has been entering the market and developing the technical team in crypto since 2018.

Rok Kopp: Customer Director, has more than 10 years of experience in the field of Sales & Marketing.

ETHFI launch team details:

  • Token name: ether.fi (ETHFI)

  • Maximum Token Supply: 1,000,000,000 ETHFI

  • Launchpool Token Reward: 20,000,000 ETHFI (2% of maximum token supply)

  • Initial Circulating Supply: 115,200,000 ETHFI (11.52% of maximum token supply)

  • Smart contract details: Ethereum

  • Staking terms: KYC required

  • Hourly hard limit per user:

    • 16,666.66 ETHFI in BNB pool

    • 4,166.66 ETHFI in FDUSD pool

Supported pools:

  • Stake BNB (site will be available in about 24 hours): reward 16,000,000 ETHFI (80%)

  • FDUSD Staking (website will be available in about 24 hours): 4,000,000 ETHFI (20%) reward

  • Farming period: 2024-03-14 00:00 (UTC) to 2024-03-17 23:59 (UTC).




Information about the project:
Website: https://ether.fi
● Whitepaper: https://etherfi.gitbook.io/etherfi/ether.fi-whitepaper…
● X: https://twitter.com/ether_fi

#BinanceLaunchpool.#ETHFI#hotTrends#Launchpoool#launchpool