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55.76% of ETHFI's token distribution has been assigned to core contributors and investors.
ETHFI, the governance token of Ether.Fi, the largest liquid restaking protocol, debuted at $4.13 following its distribution through an airdrop and participation in a Binance Launchpad round. However, the token has since experienced a decline of over 20%.
At the time of this writing, ETHFI is being traded at $3.60 on Binance, with a trading volume exceeding $118 million within the first 45 minutes of trading. The token's fully diluted value (FDV), reflecting its market value if the entire supply were in circulation, stands at $3.6 billion.
More than $2 billion worth of the FDUSD stablecoin and 17.3 million BNB ($10 billion) were staked on the Binance Launchpad, entitling Launchpad stakers to a proportionate allocation of ETHFI based on their staked amounts.
Several tokens recently listed on Binance's launchpad experienced declines post-release: ARKM dropped from its debut price of 90 cents to 30 cents, while PORTAL fell from $3.60 to $2.08 shortly after issuance.
The maximum supply of ETHFI is capped at one billion tokens, with 20 million allocated to the Binance Launchpad and 60 million set aside for "season one" of the token airdrop, which concluded on March 15. An additional 50 million tokens will be distributed after "season two."
Investors will receive 32.5% of the token's total supply over a two-year vesting period, while core contributors will receive 23.26% over three years. The initial circulating supply will consist of 115.2 million tokens.
According to DefiLlama, Ether.Fi's total value locked (TVL) has surged by 117% in the last 30 days, with total deposits nearing $3 billion.
Restaking is a strategy employed by ETH stakers seeking to generate additional yield. Through protocols like Ether.Fi, stakers receive a liquid restaking token (LRT) that can be utilized on other platforms, along with loyalty points convertible into token airdrops. #HotTrends #ETHFI #ETHFILAUNCHPOOL #ethifi #Cryptocurrencies
ETHFI, the governance token of Ether.Fi, the largest liquid restaking protocol, debuted at $4.13 following its distribution through an airdrop and participation in a Binance Launchpad round. However, the token has since experienced a decline of over 20%.
At the time of this writing, ETHFI is being traded at $3.60 on Binance, with a trading volume exceeding $118 million within the first 45 minutes of trading. The token's fully diluted value (FDV), reflecting its market value if the entire supply were in circulation, stands at $3.6 billion.
More than $2 billion worth of the FDUSD stablecoin and 17.3 million BNB ($10 billion) were staked on the Binance Launchpad, entitling Launchpad stakers to a proportionate allocation of ETHFI based on their staked amounts.
Several tokens recently listed on Binance's launchpad experienced declines post-release: ARKM dropped from its debut price of 90 cents to 30 cents, while PORTAL fell from $3.60 to $2.08 shortly after issuance.
The maximum supply of ETHFI is capped at one billion tokens, with 20 million allocated to the Binance Launchpad and 60 million set aside for "season one" of the token airdrop, which concluded on March 15. An additional 50 million tokens will be distributed after "season two."
Investors will receive 32.5% of the token's total supply over a two-year vesting period, while core contributors will receive 23.26% over three years. The initial circulating supply will consist of 115.2 million tokens.
According to DefiLlama, Ether.Fi's total value locked (TVL) has surged by 117% in the last 30 days, with total deposits nearing $3 billion.
Restaking is a strategy employed by ETH stakers seeking to generate additional yield. Through protocols like Ether.Fi, stakers receive a liquid restaking token (LRT) that can be utilized on other platforms, along with loyalty points convertible into token airdrops. #HotTrends #ETHFI #ETHFILAUNCHPOOL #ethifi #Cryptocurrencies
