ETHFI
ETHFI is the governance token of the Ether.fi project, which represents a new proof-of-stake mechanism in the Ethereum ecosystem and is a key aspect of the community's governance protocol2. Ether.fi is known for its pioneering role in non-custodial, delegated staking within the Ethereum ecosystem and has taken a big step towards full decentralization. The total locked value (TVL) of the ETHFI token exceeds 800,000 ETH, and there are more than 250,000 wallets actively participating in staking. The launch of this token is not only a technical milestone, it also proves Ether.fi's commitment to community empowerment and allowing token holders to participate in governance.
ETHFI is the native utility and governance token of the Ether.Fi protocol, a new infrastructure-based staking protocol on Ethereum. It allows participants to retain control of their keys when staking on behalf of others, and deposits to Ether.Fi will automatically re-stake with Eigenlayer, thereby increasing the returns of ETH stakers. ETHFI coins have a certain purchase value, and information such as current price and market value can refer to relevant market data.
The ETHFI coin was created by Matthijs VanSchelven and inherits the key advantages of Ethereum, such as automation of asset management and transaction execution through smart contracts, as well as high security and decentralization. Its liquidity optimization makes ETHFI suitable for high-frequency trading and asset management.
Ether.fi is a liquid staking protocol built on the Ethereum blockchain, characterized by the fact that stakers have control over their credentials. Users who stake ETH through Ether.fi receive eETH tokens, which can be redeemed back to ETH. Ether.fi's mechanism also includes the establishment of a node service market, allowing stakeholders and node administrators to provide infrastructure services.
The total supply of ETHFI coins is 1 billion, with an initial circulation of 115.2 million, representing 11.5% of the total supply. The distribution strategy for ETHFI tokens has been carefully designed to reward the community’s loyalty and contributions through two seasons of airdrops, starting with a 6% distribution in Season 1 and a 5% distribution in Season 2.
Etherfi (ETHFI) is a non-custodial, decentralized staking protocol for the Ethereum blockchain that enables stakeholders to retain full control of their assets while leveraging the power of permissionless decentralization. As Etherfi's native governance token, ETHFI has tremendous potential for investors seeking to participate in the governance and decision-making of this innovative staking protocol.
ONE
UMA is a decentralized financial contract platform that allows users to create and trade a variety of synthetic assets and financial products. The core of the UMA protocol is its unique optimistic oracle system, which can process data from the real world and transmit it to a decentralized system. UMA's oracle is called a "human-powered truth machine". It ensures the accuracy of on-chain data by incentivizing token holders to verify data, and can resolve data disputes between smart contracts through manual channels.
The UMA token itself is an ERC-20 token that is primarily used as a governance token for the UMA protocol. Token holders can participate in community voting to resolve data disputes, and each time a vote is cast, the system issues inflation rewards to users who participate in the vote. The initial supply of UMA tokens is 100 million, and in April 2021, UMA was first issued on a decentralized exchange on Uniswap at an initial price of $0.26.
The UMA project was co-founded by Hart Lambur and Allison Lu, who previously worked at Goldman Sachs as a government bond trader and vice president, respectively. The UMA project released a draft white paper in December 2018 and launched USStocks as its first mainnet product in 2019, a special ERC-20 token for tracking the top 500 stocks in the United States.
UMA’s business development team is currently focusing on two industry sectors: market prediction and insurance. For example, Sherlock, a risk management platform, uses UMA’s oracle as the backing for its insurance policy dispute system. In addition, Polymarket, an information market platform, is also about to enable UMA’s optimistic oracle because other oracles cannot handle certain issues in a trustless manner.
The UMA coin will be issued at a price of $0.2675 on April 29, 2020. UMA is a decentralized financial contract platform for creating, maintaining, and settling "priceless" financial contracts on Ethereum. The UMA protocol allows any two counterparties to design and enter their own customized financial contracts.
As of July 8, 2024, the latest price of UMA coin is $2.02, with a 24-hour trading volume of $16,439,611. The price has increased by 9.50% in the past 24 hours, and the circulating market value is $158,627,365.
JTO
JTO is the governance token of Jito, the liquidity staking protocol in the Solana ecosystem. Jito allows users to stake Solana (SOL) in exchange for JitoSOL tokens, which can then be used for trading or as collateral, similar to the Lido staking mechanism on Ethereum. The launch of the JTO token is intended to promote community governance, and holders can participate in setting fees for the JitoSOL equity pool, controlling StakeNet parameter update delegation strategies, managing the DAO treasury of JTO tokens and JitoSOL revenue, and contributing to the enhancement of the Jito Network.
Jito announced the launch of JTO tokens on November 28, 2023, and will retroactively airdrop 10% of the total to the community. This airdrop includes rewards for JitoSOL users, Jito Solana validators, and Jito MEV searchers, and the airdrop amount is determined by the number of JitoSOL liquid staked tokens held by users and their contributions. The total supply of JTO tokens is 1 billion, of which the community growth plan will receive 34.3%, the ecological development will receive 25%, investors will receive 16.2%, and core contributors will receive 24.5% of the tokens.
The airdrop of JTO tokens has had a positive impact on the Solana ecosystem and is seen as a potential driving force for the recovery of the Solana ecosystem. During the JTO airdrop, the price of Solana's native token SOL also rose, and the price of JTO tokens also rose from around $1.7 to $4.3, an increase of more than 150%. The future development of JTO tokens is optimistic by some analysts, and it is predicted that it may reach $10 in the next 3-4 years.
The airdrop of JTO tokens has also attracted the attention of the market. Many centralized exchanges such as Coinbase, Binance, and MEXC have launched JTO transactions. The fully diluted valuation of JTO once exceeded Lido, the leading project of Ethereum liquidity staking. With the recovery of the Solana ecosystem and the continued development of the Jito project, JTO tokens are expected to play a key role in the future of staking on the Solana blockchain.
RONIN
RONIN is the native token of Ronin Network, a high-performance blockchain platform designed for gaming, built by Sky Mavis, the developer of Axie Infinity. Ronin Network supports EVM-compatible smart contracts and protocols, enabling developers to build high-performance, feature-rich blockchain projects. Ronin Network was created primarily to solve the high transaction fees and network congestion problems encountered by Axie Infinity on the Ethereum network, providing a fast, low-cost on-chain gaming experience.
Ronin Network uses a sidechain architecture, allowing it to interoperate with the Ethereum mainnet through a bridge while maintaining game-optimized features. Ronin Network's hybrid consensus mechanism combines Proof of Authority (PoA) and Delegate Proof of Stake (DPoS) to achieve fast transactions and network decentralization.
RON tokens play an important role in Ronin Network. They are used to pay transaction fees, participate in network staking, and network governance. The distribution of RON tokens is planned to be gradually unlocked over 9 years, including 30% held by Sky Mavis, 30% by the community, 25% for staking rewards, and 15% for the ecological fund.
Ronin Network has attracted many third-party games to join, and plans to launch more applications such as NFT market, lending protocol, metaverse platform, etc. to create a complete on-chain gaming ecosystem. With the rise of the blockchain gaming market, Ronin Network has the potential to become the preferred infrastructure for blockchain game development and promote Web3 games to the mainstream.
In addition, Ronin Network has experienced significant developments in 2023, including the release of the desktop game aggregation platform Mavis Hub 2, the introduction of the RON staking function, the switch to the DPoS mechanism, and the upgrade of the Ronin Wallet's functionality. It has also reached cooperation with multiple game studios to further expand its gaming ecosystem.
Investor interest in Ronin Network continues to grow, and the price of RON tokens has also responded, showing the market's confidence in and competitiveness of Ronin Network. As more games and applications join Ronin Network, its ecosystem is expected to continue to expand and prosper.
