What is $ETHFI ❓
Ether.Fi is a fundamentally new staking protocol for Ethereum. Ether.Fi allows participants to retain control of their keys while degating staking.
Deposits to Ether.Fi are natively re-staked with Eigenlayer. Eigenlayer repurposes staked ETH to support external systems (e.g., rollups, oracles) with an economic security layer, which increases yield for ETH stakers in the process.
$ETHFI is the native utility and governance token for the Ether.Fi protocol. It is used by the community to govern key aspects of the protocol, including:
- The Ether.Fi treasury
- Key protocol upgrades
- Protocol fees and distributions