EtherFi is a Liquid Staking Provider on Ethereum. It provides decentralized staking, ensuring users control their keys securely. It's the only liquid staking protocol where users maintain key control, stake/unstake anytime, and earn rewards.Â
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Benefits Staking In EtherFi  :Â
EtherFi offers a unique feature called "liquid staking" through their eETH token. This lets you stake your Ethereum (ETH) and get a tradable token (eETH) in return. This eETH represents your staked ETH plus any rewards you've earned.
By staking with EtherFi, you can potentially earn four types of rewards: Ethereum staking rewards, EtherFi loyalty points, restaking rewards, and the ability to earn DeFi yields.
⥠How EtherFi Non-Custodial Solution Works :Â
ether.fiâs noncustodial solution enables stakeholders to retain complete control of their assets, per the protocol-enforced delegated staking service. More specifically, here are the condensed steps behind ether.fi
đčNode operators register their public keys to be used by stakers to encrypt their validator keys, and bid to operate validator nodes.
đžValidator stakers deposit 32 ETH and nominate the winning node operator with the highest bid, and then submit their encrypted validator key to be shared with the corresponding node operator.
đčNode operators accept their winning bids, triggering the deposit of 32 ETH into the Ethereum Deposit Contract.
đžHolders of the {B, T}-NFTs (transferable/bond, respectively) skim their rewards. Holders of the T-NFTs send exit requests to corresponding holders of B-NFTs.
đčUser stakers (in eETH) can stake their ETH (<32) and receive ether.fiâs liquid staking derivative token, eETH
đžAll participants can trade their ether.fi related assets in the ether.fi liquidity pool.
âŽïž On-chain Metrics :Â
đ„ ETHFI On Binance Launchpool :
đžToken Name: ether.fi (ETHFI)
đčMax Token Supply: 1,000,000,000 ETHFIÂ
đžLaunchpool Token Rewards: 20,000,000 ETHFI (2% of max token supply)
đčInitial Circulating Supply: 115,200,000 ETHFI (11.52% of max token supply)
đžSmart Contract Details: Ethereum
đčStaking Terms: KYC required
đžHourly Hard Cap per User:Â
âą 16,666.66 ETHFI in BNB pool
âą 4,166.66 ETHFI in FDUSD pool
đđâđâđđžâđ âđđđŒ đœâđđ đčđâđžââđŒ: Binance will be the first platform to list the token mentioned herein, with trading starting at 2024-03-18 12:00 (UTC). Any claims to offer this token for sale before the stated timeline are false advertising. Please do your own research to ensure safety of your funds.
đž How To Join Binance Launchpool?Â
Binance Launchpool allows users to acquire new token rewards by staking BNB, FDUSD, and other tokens on the platform.
1. Log in to your Binance account and click the navigation button - [Launchpad].
2. Then, scroll down to find [Launchpool] and the list of available and completed projects.
3. You can also access Launchpool by clicking[Finance] - [Binance Earn].
4. Scroll down and click [View More] under [Launchpool].
đžHow to participate in a new project?
1. Letâs take Flamingo (FLM) as an example. On the Launchpool page, you can see the available staking options for farming FLM. For example, [Flamingo BNB] means that you can stake BNB to farm FLM. Click [Stake Now] to participate.
2. Here you can see the project reward information and the estimated annual percentage yield (APY).
3. [My Funds] shows your staked assets. [Available] shows the available balance for staking in your Spot Wallet. If you do not hold any BNB, you can click [Buy BNB].
You can then click [Stake] to stake BNB to farm FLM. Your assets can be redeemed any time by clicking [Redeem]. To view your staking records, click [Staking History].
4. [My Rewards] shows your unclaimed earned rewards, which are updated every hour. You can click [Claim Rewards] to claim the earned tokens to your Spot Wallet any time you wish. To view the claimed rewards or distribution history, click [Claim History].
đ„ Project Official Links :Â
đžWebsite: https://www.ether.fi/
đčWhitepaper: https://etherfi.gitbook.io/etherfi/ether.fi-whitepaper
đžX: https://twitter.com/ether_fi
đčDiscord: https://discord.com/invite/zqGzcuQWvD
đžTelegram: https://t.me/+C3fpSjmPqzA5NTVh
đčMedium: https://medium.com/etherfi
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The Joining Process is the Actual offical post from Binance, the article is represented here just for information purposes. Names are taken only for information not for any investment purposesÂ
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