What is Ether.Fi? What's outstanding about Binance Launchpool's 49th listing project?

Ether.Fi, the latest decentralized betting platform, is about to be listed on the Binance exchange and especially the project has also confirmed that it will release an airdrop in the next few days. So what makes the project stand out? Let take you to find out!

What is Ether.Fi?

etherFi is a new staking platform for the ETH cryptocurrency. On this platform, users can stake their coins to support node operators and receive rewards. The special thing is, every time you bet, you will receive a unique Non-Fungible Token (NFT).

These NFTs contain special information about each bet and allow special data to be stored. Thanks to this data, developers can build more advanced betting tools in the future.

In addition, EtherFi also provides services that allow users to create a Node service market, where people stake and register Nodes that run the infrastructure to receive block rewards.

How Ether.Fi Works

The EtherFi protocol includes a service layer, which can be used to build other services. Created to encourage innovation in the staking sector, EtherFi provides a platform for developers to create new things.

Investors and node operators can access various services built on EtherFi's infrastructure. As new services emerge, EtherFi protocol participants will benefit from the expansion and growth of the ecosystem.

The EtherFi project operates on the principles of fairness and autonomy. They establish a network of trusted nodes without the intervention of intermediaries, enhancing the security of the system and encouraging decentralization.

The EtherFi protocol provides a wide range of services, facilitating the development of new services. This drives innovation in the betting sector and encourages the creation of useful new applications.

EtherFi users can use various services built on the staking platform. With the emergence of new services, they will benefit from the development and expansion of the ecosystem.

Highlights of Ether.Fi

·      Restore factory settings:

Enables users to get better rewards, as they earn income (ETH) from staking and additional income from restaking through Eigenlayer.

·      Decentralization:

Ether.fi launches Operation Solo Sker, enhancing Ethereum's decentralization by deploying nodes in diverse geographical locations.

·      Security and risk mitigation:

EtherFi is the only protocol where stakers control the keys, minimizing the risks associated with third-party node operators and protocols.

·      Strongly developed ecosystem:

eETH is designed for use in DeFi. EtherFi collaborates with various DeFi protocols to enhance the utility of eETH.

Ether.Fi development roadmap

Phase 1: Delegated Staking

Released Ether.fi Desktop app to simplify the process.

Users can authorize bets through auctions.

Withdraw rewards from staking and also unstaking ETH.

Ether.fi NFTs (T-NFTs) and Bond NFTs (B-NFTs) are transferable.

Uses the ether.fi protocol treasury contract.

Phase 2: Liquidity Pool and eETH

Oracle integration to provide authentication node information.

Issuance of Liquidity Staking Derivative Tokens (LSD) and eETH.

Build Ether.fi liquidity pool for {ETH, eETH, T-NFT} trading.

Uses the Ether.fi protocol's fund management contract.

Phase 3: Node Services

Released Ether.fi node client for ease of use.

Integrates Distributed Validator technology.

Provides Ether.fi infrastructure services.

Use payment contracts for Ether.fi infrastructure services.

Investors

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

February 28, 2024: Ether.fi continues to successfully call for 27 million USD with the participation of Amber Group, Node Capital, Bankless Ventures, Punk DAO, Version One and many Angel Investors such as Founder of Kraken, Curve Finance, Ethena ,…

Project partner

Ether.fi has cooperated with many prominent projects such as Maverick, Gravita, Pendle... In particular, the partnership with EigenLayer has helped the platform provide more diverse liquidity pools and enhance project security. project thanks to EigenLayer technology.

Project team

Mike Silagadze (Founder, CEO): Mike has been investing in cryptocurrency since 2010, and before that, he was the founder and CEO of Top Hat. He holds a bachelor's degree from the University of Waterloo.

Chuck Morris (Vice President, Principal Engineer): Chuck has built and led engineering teams for more than a decade. He holds a Master's degree in Computer Science from the University of Chicago.

Rok Kopp (Customer General Manager): Rok has over a decade of experience building sales and marketing for startups. He holds a bachelor's degree from the University of Notre Dame.

Ether.Fi token information (ETHFI)

Name: Ether.Fi

Code: ETHFI

Developed on blockchain: Ethereum (ERC-20)

Contract: 0xfe0c30065b384f05761f15d0cc899d4f9f9cc0eb

Total supply: 1,000,000,000 ETHFI

Circulating supply: 115,200,000 ETHFI

ETHFI token sale

On March 12, 2024, Binance Launchpool announced that it will begin selling ETHFI tokens. Users can use BNB and FDUSD tokens to buy ETHFI from 7:00 am on March 14, 2024 to 7:00 am on March 17, 2024.

The amount of ETHFI allocated to each pool is as follows:

BNB Pool: 16,000,000 ETHFI

FDUSD Pool: 4,000,000 ETHFI

After the above time, Binance will list the ETHFI token at 7:00 p.m. on March 18, 2024. Users can then trade ETHFI with currency pairs such as ETHFI/BTC, ETHFI/USDT, ETHFI/BNB, ETHFI/FDUSD and ETHFI/TRY.