I am coming to you with another launch pool project from binance which is just got released and we will be discussing everything about the project including what the project is , The use case , how you can Farm it using BNB or FDUSD and my price prediction when it will be launched for trading so lets dig into the binance 49th launchpool Ether.Fi ( #ETHFI ) .
What is Ether.fi (ETHFI)?
Etherfi is a fundamentally new kind of liquid staking protocol for ethereum. Etherfi is the only protocol that allows stakers to retain control of their keys while delegating staking and allows others to build surfaces on top of delegated staking infrastructure.
Users who stake their $ETH via Ether.fi receive the eETH token, which can be exchanged back for ETH when the user wishes to unstake.
How Etherfi is different from other liquidity staking protocols?
Etherfi is the only staking protocol where stakers retain control of their keys which means that even if the protocol gets attacked or if the node operators get in trouble you can always get your ether back you can select your node operator or you can use a trustless node operator via the auction mechanism.
Another notable aspect in which Ether.fi is different from other liquid staking protocols is that the eETH token is re-staked to generate additional rewards. The eETH token's restaking rewards are generated through an integration with EigenLayer. eETH holders don't need to perform any additional actions to benefit from restaking rewards, as the protocol handles that portion automatically.
My opinion about Etherfi
Getting hacked is the major problem that many staking protocols face. Just in case if a project is hacked or compromised you will lose your Ethereum. I like the fact that your keys will be in your control and there is no risk of losing your ethereum.
If you're looking for a plateform to stake your Ethereum and earn some rewards against it i would suggest you to use Etherfi because of this key reason that there is a safety of stakers.
The project is growing really fast the below picture is the number of ETH has been staked there.
Etherfi Usecases
Stake any amount of your ETH
Receive eETH that will earn staking rewards
eETH is natively re-staked for additional rewards
Use your eETH in DeFi to maximize returns
How to earn ETHFI tokens on Binance Launchpool?
If you want to earn ETHFI tokens, the first thing you'll need is a Binance account. Please keep in mind that only users who complete an identity verification process with Binance are eligible to participate in Ether.fi token farming on Binance Launchpool.
Once your account is ready, you’ll need some $BNB or FDUSD tokens to stake. If you already own these tokens, you can deposit some to your Binance account. Otherwise, Binance offers plenty of ways of buying these tokens with either crypto or fiat.
Step 1
If you want to Farm Ethfi with BNB or FDUSD simply click on the links below
Or use the STEP 2 if you want to do it manually
Open your Binance interface and select "More". Then, go to "Launchpad & Launchpool".
Then, find the available Ether.fi farming pools. Depending on which tokens you want to stake, select BNB Pool or the FDUSD Pool. Next, follow the instructions provided by the binance.
Ethfi Tokenomics and token rewards for stakers
My price prediction for ETHFI
The most recent launchpads on binance were launched with an average marketcap of $380-$420 million.
if Ethfi launched with the same average marketcap i think it will be launched at a price range of $2.5-$3.50
As a final note, here’s a quick breakdown of key dates and information about the Ether.fi Launchpool campaign:
The farming is open right now and will remain open til March 17 (23:59) UTC so you have almost 4 days to earn ETHFI tokens.
If you're interested to read more about this project here are Project Links
official Announcement page:
https://www.binance.com/en/support/announcement/introducing-ether-fi-ethfi-on-binance-launchpool
-farm-ethfi-by-staking-bnb-and-fdusd-043436c6551d4f67bf1565a253039b39
Website:: https://www.ether.fi/
Whitepaper: https://etherfi.gitbook.io/etherfi/ether.fi-whitepaper
X: https://twitter.com/ether_fi
Discord: https://discord.com/invite/zqGzcuQWvD
Telegram: https://t.me/+C3fpSjmPqzA5NTVh
Medium: https://medium.com/etherfi
I hope you find this article informative, i would love to hear your thoughts on
#ETHFiLAUNCHPOOL
