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ether.fi Price

(ETHFI)

$0.4513
0.00%(5m)

1m5m15m1h8h1d1W
ether.fi (ETHFI) Live Price Chart

    ether.fi Live Price Data

    The live price of ether.fi is 0.4513, with a total trading volume of 672637.42 in the last 24 hours. The price of ether.fi changed by +1.05% in the past day, and its value has increased by +2.59% over the last week. With a circulating supply of 972,073,857 ETHFI, the market cap of ether.fi is currently 433785473.27229750151501152000 , marking a +1.05% increase today. ether.fi currently ranks #85 in market cap.

    How do you feel about ETHFI today?

    Note: This data is for reference only.
    pk

    ETHFI(ETHFI) Profile

    altRank85
    rate--
    Expand
    $0.4431
    $0.4647

    ATH
    $8.57155278
    Price Change (1h)
    +1.32%
    Price Change (24h)
    +1.05%
    Price Change (7d)
    +2.59%
    Market Cap
    24h Volume
    Circulating Supply
    972,073,857
    Max Supply
    1B

    About ether.fi

    • What Is Etherfi (ETHFI) Crypto?

      Etherfi (ETHFI) is a decentralized, non-custodial delegated staking protocol introduced as the 49th project on Binance Launchpool. Etherfi's operation model focuses on maximizing the efficiency and rewards of Ethereum staking while fostering a decentralized, secure, and integrated DeFi ecosystem. By allowing users to stake ETH, earn rewards, participate in governance, and leverage their staked assets across DeFi, Etherfi aims to contribute to the broader Ethereum and DeFi communities.

      The initial circulating supply is set at 115.2 million ETHFI, representing 11.52% of the max token supply. The protocol emphasizes decentralization, allowing stakers to maintain control over their keys and reducing counterparty risks associated with node operators and the protocol itself.

      Etherfi also highlights its partnership with EigenLayer to enhance restaking capabilities, aiming to maximize rewards for stakers by leveraging Ethereum's proof-of-stake mechanism for securing other networks and protocols. The project focuses on integrating with the DeFi ecosystem, aiming to provide users with superior staking and restaking rewards while facilitating seamless integration with DeFi applications​​​​​​.

    • How Does Etherfi Restaking Protocol Work?

      Etherfi (ETHFI) operates as a decentralized, non-custodial delegated staking protocol that leverages Ethereum's PoS mechanism. Here's a high-level overview of how it works:

      1. ETH Staking: Users can stake Ethereum (ETH) and, in return, receive eETH, representing a natively restaked liquid staking token. This process is designed to be seamless, emphasizing the protocol's commitment to effortless earnings for its users.

      2. Liquid Restaking: Etherfi introduces the concept of liquid restaking, where the staked ETH (in the form of eETH) can be used within the DeFi ecosystem to generate additional yields. This is facilitated by the protocol's integration with Ethereum's proof-of-stake blockchain to secure Ethereum and other networks and protocols, enhancing the utility and liquidity of the staked assets.

      3. Governance and Rewards: ETHFI token holders are granted governance rights, enabling them to make key decisions regarding the evolution and operation of the Etherfi ecosystem. This includes shaping the protocol, community, and its wider ecosystem. Furthermore, through its native restaking and partnership with EigenLayer, Etherfi aims to offer superior rewards by enabling ETH to be staked and then re-staked, maximizing the returns for users.

      4. Decentralization and Security: A significant aspect of Etherfi's approach is emphasizing decentralization and security. The protocol supports the operation of solo stakers and decentralizes Ethereum by launching nodes across diverse geographies. It also ensures that stakers maintain control over their keys, thereby minimizing counterparty risk associated with node operators and the protocol itself.

      5. Integration with DeFi: Etherfi's staked assets, represented as eETH, are intended for use within the DeFi ecosystem. The protocol collaborates with various DeFi protocols to enhance the utility and liquidity of eETH, providing users with access to a wide range of investment strategies and yield-generating opportunities.

    • When Was Etherfi Protocol (ETHFI) Coin Launched?

      Etherfi (ETHFI) was officially launched with the farming phase starting on March 14, 2024, at 00:00 UTC.

      Mike Silagadze is the founder and CEO of Etherfi (ETHFI), the leading liquid restaking protocol that has significantly advanced the DeFi landscape. Etherfi distinguishes itself by enabling users to participate in Ethereum's PoS mechanism in a decentralized and non-custodial manner, emphasizing liquid staking to allow staked assets to remain liquid and usable within the DeFi ecosystem.

      The project has attracted attention for its rapid growth and innovative approach to staking and restaking, facilitating enhanced yield-generation opportunities for participants in the Ethereum network​​​​.

    • How to Use ETHFI Token

      Here are the primary uses and functions of the ETHFI token:

      1. Governance: ETHFI token holders have the power to shape the protocol's future through voting on various proposals. This includes decisions on protocol upgrades, fee structures, and the direction of development efforts. The governance model is designed to ensure that the protocol evolves to reflect the community's interests and needs.

      2. Incentives: The $ETHFI token rewards users who participate in the protocol through staking or providing liquidity. These incentives are designed to encourage engagement with the platform, secure the network, and foster a vibrant ecosystem.

      3. ETHFI as Staking Rewards: Users can earn ETHFI tokens as rewards for staking their Ethereum with Etherfi. This mechanism not only supports the security of the Ethereum network but also provides stakers with an additional income stream in the form of ETHFI tokens.

      4. Etherfi Protocol Utility: The token is integrated into various aspects of the Etherfi platform, providing utility such as enhanced yield opportunities, access to specialized DeFi strategies, and other benefits. This utility helps to increase the demand for ETHFI tokens within the ecosystem.

      5. Liquidity and Trading: Beyond its use within the Etherfi ecosystem, you can trade ETHFI token on the KuCoin Spot Market, offering liquidity and market access for token holders. This trading activity can help establish the token's market value and facilitate its wider distribution.

    FAQ

    • How much is 1 ether.fi (ETHFI) worth?

    • Is Etherfi (ETHFI) a Good Investment?

    • What Is Etherfi Price Prediction?

    • How to Stake ETH on Etherfi

    • How to Participate in Etherfi Airdrop

    • What is the all-time high price of ether.fi (ETHFI)?

    • What is the all-time low price of ether.fi (ETHFI)?

    • How much ether.fi (ETHFI) is there in circulation?

    • How do I store ether.fi (ETHFI)?