💥 What is EtherFi?

@Etherfi_channel is a decentralized Liquid staking protocol on Ethereum that allows users to stake assets without giving up control over their assets.

For example, before, when we staked 1 eth on #BinanceEarn , for example, we almost authorized the use of this ETH for that platform. And cannot do anything with the staked ETH other than receiving interest.

But on the contrary, when we stake an amount of ETH on @EtherFi, we will receive back an amount of eETH tokens at a 1:1 ratio as proof that there is 1 eth staking on the platform. We can be very flexible in using this eETH token without being constrained like traditional staking methods.

💥 Some flexible tasks that can be used for eETH:

- Can move, buy and sell during the staking process

- Can be reused to generate interest again by staking on another defi platform (restaking)

- Can be used as collateral to borrow stablecoins to continue investing to generate profits.

As of today, @EtherFi is the Liquid Restaking protocol with the largest amount of assets locked (TVL) of nearly $3 billion. Twice as much as the next competitor, @puffer_finance. With the hot trend of restaking with the famous name Eigenlayer about to launch, @EtherFi is expected by many investors in the coming days.

Investment Opportunities

Token Name : $ETHFI

💥 Token allocation and Vesting schedule

Total supply: 1,000,000,000 tokens

⚡ Binance Launchpool : 2.00%  of total supply

⚡ Airdrop: 11% of total supply

Total number of tokens in circulation when listing binance: 115,200,000 (11.52% of total supply)

⚡ Investors & Advisors : 32.50% 

⚡ Team dev : 23.26%

⚡ Protocol Guild : 1.00%

⚡ DAO Treasury : 27.24%

⚡ Liquidity : 3%

In theory, 100% of the initial coins are distributed to the community (binance launchpool and airdrop). But in fact, most of the tokens are in the hands of big people (Binance holds the majority of bnb, so they will hold a large amount of reward tokens in the pool, as well as airdrops, a large amount will be airdropped to the team / dev / ...) The amount of tokens floating around for retail will be quite small until 2025 before further unlocking for the team and investors. So it is possible that when joining Binance, there will be a withdrawal period for those who receive airdrops and Binance Lauchpool bonus tokens to release all their stock, but this withdrawal period is likely to be quick and not deep, because as analyzed, the amount of tokens reserved for There is quite little retail as well as quite a lot of fomo for the project at the present time to get ahead of the restaking trend.


💥 Investment funds:

  • February 28, 2023: Ether.fi successfully raised $5.3M for the first time in Seed round with the participation of Node Capital, North Island Ventures, Chapter One Ventures,... Valuation in this round is $53M

  • February 28, 2024: Ether.fi continues to successfully raise $27M with the participation of Amber Groupo, Node Capital, Bankless Ventures, Punk DAO, Version One and many Angel Investors such as Founder of Kraken, Curve Finance, Ethena, ... This round the project is valued at $270M. After only 1 year, the valuation x5 times proves the potential and attractiveness of the project


💥 Valuation and investment opportunities

⚡ Price $2.3-$2.5: if the token opens for sale at this price, we will have the same investment level as large funds that invested in February 2024. However, I personally assess this possibility will be unlikely. happen

⚡ Price $4.69-$5: with this valuation, we are in x2 position compared to the fund and investors.

⚡ Price $8.6-$9: cap about 1 billion dollars. With a project that is in a "hot" trend, it can be said that this price is completely possible

⚡ Price $14-$15: cap equal to $STRK when listed.

💥 Personal assessment: for me personally, if the list price is around 1 billion USD is considered reasonable, under 600 million is a bargain price. Over $1 billion, people can consider waiting for the price to adjust before buying.