Binance recently announced the launch of a new coin mining project, the 49th issue of which is ether.fi(#ETHFI ). This marks the first project on the Restaking track to successfully land on the Binance platform. Odaily Planet Daily will introduce the main business features of ether.fi, Launchpool information and token price predictions in this article.
Project Introduction
The concept of Restaking was proposed by Eigenlayer founder Sreeram Kannan, which allows staked ETH to be re-staking on other protocols and DApps to participate in the verification process. ether.fi is the number one TVL-ranked protocol in the track, with 619,000 ETH currently staked worth $2.46 billion. In addition, ether.fi supports a wide variety of assets, including ETH, stETH, RS-stETH, cbETH, RS-cbETH, wBETH, and RS-wBETH.
Ether.fi is the only protocol that can directly exit LRT, other protocols need to exit through LP pool exchange. However, it should be noted that the withdrawal time changes according to the liquidity reserve. When there is insufficient liquidity, you need to complete the validator exit and EigenLayer Pod process before exiting.
融资情况
Ether.fi 共进行了两轮融资。最近一轮于今年 2 月末完成，宣布完成了 2700 万美元融资，由 Bullish 和 CoinFund 领投，并获得超过 95 位投资者支持。早期一轮于 23 年 2 月完成，宣布完成 530 万美元融资，由 North Island Ventures、Chapter One 和 Node Capital 领投，BitMex 创始人 Arthur Hayes 参投。
Launchpool Terms and Conditions
Mining starts at 08:00 on March 14, 2024 (UTC+ 8) and lasts for 4 days; trading starts at 20:00 on March 18, 2024 (UTC+ 8). The maximum supply of tokens is 1,000,000,000 ETHFI, the initial circulation is 115,200,000 ETHFI, and the total mining amount is 20,000,000 ETHFI. Among the mining pools, the BNB mining pool can mine a total of 16,000,000 ETHFI (80%), and the FDUSD mining pool can mine a total of 4,000,000 ETHFI (20%).
price estimate
Calculated based on the previous BNB pool, assuming that the annualized rate of return of this mining is 135%, and calculated based on 4 days of mining, the price of the token is 8.66 USDT. Based on AI’s minimum yield of 70%, the guaranteed price is 4.5 USDT. Based on this calculation, the initial circulating market value of ETHFI is expected to be between 5.18 and 1 billion US dollars. Since it is the first Restaking project to be launched on Binance, there may be price fluctuations, so investors are advised to invest with caution.
In addition, based on current ether.fi loyalty points and EigenLayer's estimated value, the market cap can be further back-calculated to allow readers to more accurately assess the fair price of the token.
价格区间：4.5 USDT～8.66 USDT
The ether.fi project listed on Binance Launchpool has a strong position and capital support in the Restaking track, but due to market fluctuations, investors are advised to operate with caution.
