Still curious about the potential of ether.fi? Read this post and don’t miss your chance to invest in one of the biggest stories of this year!
What is ether.fi ?
Ether.fi is a decentralized, native liquid restaking protocol that is leading the narrative so far with $3.2B in TVL
The protocol allows users to stake ETH and receive a native liquid restaking token called eETH. Investors then can utilize eETH to continue to increase capital by providing liquidity into Ether.fi pools and receive rewards such as APR, APR restaking, Ether.fi and EigenLayer reward points.
From our perspective, Etherfi stands out as one of the most potential protocols leading crypto market for these reasons:
Its products cater to a diverse range of customers, including both stakers and node operators, which promotes high adoption, and of course attracts a lot of capital inflow.
Cooperate with plenty of top protocols in the industry including Pendle Finance, Curve, Balancer,... which enhance not only $ETH and $eETH utility but also $ETHFI token in the upcoming time.
The Etherfi protocol utilizes DVT technology to distribute pieces of the key to each staker, akin to a multisig wallet for running nodes. This reduces the hardware capital requirement, mitigates the risk of hackers controlling a single validator, and enhances decentralization and security.
With being the 49th project on Binance Launchpool, Ether.fi will be the pioneer and kickstart the LRT wave in the upcoming time.
Launchpool & Price Prediction
Launchpool Information:
Farming time: 4 days, from 07:00 AM March 14, 2024
Maximum Token Supply: 1,000,000,000 ETHFI
Launchpool Token Rewards: 20,000,000 ETHFI, 2% of the maximum token supply.
Initial Circulating Supply: 115,200,000 ETHFI, 11.52% of the max token supply.
Pools Supported:
$BNB: 16,000,000 ETHFI in rewards (80%)
$FUSD: 4,000,000 ETHFI in rewards (20%)
Price Prediction:
Compared with Lido Finance $LDO - a Liquid Staking Platform as well as based on the initial circulating supply and fundraising efforts of Etherfi, it's expected to follow a similar pattern to Altlayer (Binance Launchpool 45). Therefore, the initial market cap of $ETHFI could be approximately $300M - $500M , with a price varied from 2.6$ to 4.5$.
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Our View
Considering the potential of its products, fundraising activities, and the compelling narrative surrounding restaking, We believe the value of $ETHFI could potentially surpass billions in market capitalization.
However, initially, we suggest waiting until after the airdrop claimers have sold their tokens on the market before considering buying.
→ In our view, setting buy orders within the range of $1.8 to $2.7 (based on my price prediction) seems reasonable.
Analyzing the tokenomics, we anticipate that $ETHFI may experience slight pumps and sideways movement until January 2025, when the unlocking of tokens by investors and the team is expected to commence.
→ Consequently, we predict a significant pump in November or December 2024, aiming to attract more capital inflow before unlocking a token for the team and investors.
Don’t fade on ether.fi, participate in the launchpool now 👇
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