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.
![](https://public.bnbstatic.com/image/pgc/202403/f02505ae29643b79ac2d441b757f538b.png)
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