According to Odaily, the Ether.fi Foundation has announced that ETHFI tokens can now be re-staked on the Symbiotic platform. Stakers will earn rewards in ether.fi, Karak, and Symbiotic points. The staked ETHFI will contribute to securing the ether.fi oracle and the cross-chain network built on Symbiotic. The foundation remains committed to enhancing the utility of ETHFI, benefiting long-term holders.
Yesterday, ether.fi revealed its collaboration with the re-staking protocol Symbiotic for network deployment. The partnership aims to explore the creation of a decentralized validator network (DVN) and an oracle service network. Currently, ether.fi and LayerZero are developing DVN services, which will operate within the Symbiotic ecosystem.
Additionally, ether.fi plans to integrate an Oracle instance running on Symbiotic into its network as a committee member, forming a nested multi-signature committee structure. Initially, this service will be used for eETH/weETH restructuring and will eventually expand to broader core protocol management tasks.
