#foxcryptonews 🤑Another mega launch from Launchpoo See How to WIN Free Tokens lETHFI for free and cryptocurrency can rise 4,000%🔥⬇️🤑

Binance announced another project in its Launchpool system, now the token listed will be ether.fi (ETHFI), a restaking solution that was successful at ETH Denver...

Binance announced another project in its Launchpool system, now the listed token will be ether.fi (ETHFI), a restaking solution that was successful at ETH Denver and has been attracting attention within the Ethereum ecosystem.

According to Binance's announcement, 1,000,000,000 ETHFI will be distributed for free to users on Launchpool. To earn the tokens you need to block BNB or FDUSD during the farming period, which will be 4 days (starting from March 14th) to receive the tokens as a reward. After the period, the locked tokens and rewards are automatically credited to the participating users' account.

As Binance highlighted, the pool rewards will be 16,000,000 ETHFI (80%) for the BNB pool and 4,000,000 ETHFI (20%) for the FDUSD pool. If the token follows the example of other projects listed since December last year on Launchopool, it could rise around 4,000% on the listing that will be on March 19th on the pairs ETHFI/BTC, ETHFI/USDT, ETHFI/BNB, ETHFI/ FDUSD and ETHFI/TRY.

This project is the first project on the Restaking trail to launch on Binance. The Restaking concept was proposed by Eigenlayer founder Sreeram Kannan. Its core mechanism allows staked ETH (including various types of LST) to be re-staken on other protocols and DApps and participate in their verification process.

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