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ETHFI(Ether.Fi) Project Analysis-CoinW Institute
Published on: 2024/03/25 07:46Last Update: 2025/01/01 15:34

1. Institute's Review

Ether.Fi ranks first in the field of re-staking with a Total Value Locked (TVL) of 619,000 ETH, which has increased from $103 million at the beginning of this year to $2.46 billion. It is the only protocol that allows direct withdrawal of LRT and the first Restaking project to be listed on Binance.

 

2. Recent Hotspot

Binance's first Restaking IDO project

 

3. Project Introduction

ETHFI (Ether.Fi) is a novel Ethereum staking protocol where participants can retain control of their keys while withdrawing their stakes. Through a system called Eigenlayer, ETH originally used for staking can be reused to support external systems like rollups and oracles, increasing the profitability of ETH stakers throughout the process.

 

4. Token Utility

$ETHFI serves as the native utility and governance token of the Ether.Fi protocol, with other important functions such as for the Ether.Fi treasury, critical protocol upgrades, protocol fees, and allocations.

 

5. Token Economic Model

The total supply of ETHFI is 1 billion tokens, with 115 million tokens in circulation after listing (approximately 11.52% of the total supply). Token distribution includes Binance Launchpool (2%), airdrops (11%), investors and advisors (32.5%), the team (23.26%), protocol guild (1%), DAO (27.24%), and liquidity (3%).

 

6. Project Highlights

There are currently 72,494 unique deposit addresses, with 575,676 ETH staked, and the Total Value Locked (TVL) continues to grow.

 

7. Investment Institutions

Ether.Fi has undergone two rounds of financing. The most recent was at the end of February this year, raising $27 million led by Bullish and CoinFund, with support from over 95 investors. An earlier round was completed in February 23, raising $5.3 million led by North Island Ventures, Chapter One, and Node Capital, with involvement from BitMex founder Arthur Hayes.

 

8. Community

There are 51,500 followers on Twitter, 26,000 members on Discord, and 2,353 members in the Telegram group. The community is quite active.

 

9. Special Economic Model

None

 

10. Future Outlook

Nodes operated by Ether.Fi will serve as actively validated services (AVS) for the Omni Network, using staked ETH as collateral to operate Omni Network nodes and receive Omni Network airdrop rewards.

 

Basic Information

 

Project Introduction: ETHFI (Ether.Fi) is a novel Ethereum staking protocol. In this protocol, participants can retain control of their keys while withdrawing their stakes. Through a system called Eigenlayer, ETH originally used for staking can be reused to support external systems such as rollups and oracles, thereby increasing the profitability of ETH stakers throughout the process.

 

Token Full Name: Ether.Fi

Token Name: ETHFI

Project Website: https://www.ether.fi/

Project Documentation: Not available

BlockExplorer:https://etherscan.io/address/0xFe0c30065B384F05761f15d0CC899D4F9F9Cc0eB

Join the CoinW Institute to decipher the world of crypto with no threshold for quality projects!

Btok :https://s65535.com/CoinwExchangeEnglish

TG: : https://t.me/coinwoff

 

CoinW Institute

 2024/3/25

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ETHFI(Ether.Fi) Project Analysis-CoinW Institute
Published on: 2024/03/25 07:46Last Update: 2025/01/01 15:34

1. Institute's Review

Ether.Fi ranks first in the field of re-staking with a Total Value Locked (TVL) of 619,000 ETH, which has increased from $103 million at the beginning of this year to $2.46 billion. It is the only protocol that allows direct withdrawal of LRT and the first Restaking project to be listed on Binance.

 

2. Recent Hotspot

Binance's first Restaking IDO project

 

3. Project Introduction

ETHFI (Ether.Fi) is a novel Ethereum staking protocol where participants can retain control of their keys while withdrawing their stakes. Through a system called Eigenlayer, ETH originally used for staking can be reused to support external systems like rollups and oracles, increasing the profitability of ETH stakers throughout the process.

 

4. Token Utility

$ETHFI serves as the native utility and governance token of the Ether.Fi protocol, with other important functions such as for the Ether.Fi treasury, critical protocol upgrades, protocol fees, and allocations.

 

5. Token Economic Model

The total supply of ETHFI is 1 billion tokens, with 115 million tokens in circulation after listing (approximately 11.52% of the total supply). Token distribution includes Binance Launchpool (2%), airdrops (11%), investors and advisors (32.5%), the team (23.26%), protocol guild (1%), DAO (27.24%), and liquidity (3%).

 

6. Project Highlights

There are currently 72,494 unique deposit addresses, with 575,676 ETH staked, and the Total Value Locked (TVL) continues to grow.

 

7. Investment Institutions

Ether.Fi has undergone two rounds of financing. The most recent was at the end of February this year, raising $27 million led by Bullish and CoinFund, with support from over 95 investors. An earlier round was completed in February 23, raising $5.3 million led by North Island Ventures, Chapter One, and Node Capital, with involvement from BitMex founder Arthur Hayes.

 

8. Community

There are 51,500 followers on Twitter, 26,000 members on Discord, and 2,353 members in the Telegram group. The community is quite active.

 

9. Special Economic Model

None

 

10. Future Outlook

Nodes operated by Ether.Fi will serve as actively validated services (AVS) for the Omni Network, using staked ETH as collateral to operate Omni Network nodes and receive Omni Network airdrop rewards.

 

Basic Information

 

Project Introduction: ETHFI (Ether.Fi) is a novel Ethereum staking protocol. In this protocol, participants can retain control of their keys while withdrawing their stakes. Through a system called Eigenlayer, ETH originally used for staking can be reused to support external systems such as rollups and oracles, thereby increasing the profitability of ETH stakers throughout the process.

 

Token Full Name: Ether.Fi

Token Name: ETHFI

Project Website: https://www.ether.fi/

Project Documentation: Not available

BlockExplorer:https://etherscan.io/address/0xFe0c30065B384F05761f15d0CC899D4F9F9Cc0eB

Join the CoinW Institute to decipher the world of crypto with no threshold for quality projects!

Btok :https://s65535.com/CoinwExchangeEnglish

TG: : https://t.me/coinwoff

 

CoinW Institute

 2024/3/25

Was this article helpful?
0 out of 0 found this helpful
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