Ether.Fi is a fundamentally new staking protocol for Ethereum. Ether.Fi is the staking protcol that allows participants to retain control of their keys while degating staking. Depositors receive eETH, our liquid staking token that is widely usable across defi.
Deposits to Ether.Fi are natively re-staked with Eigenlayer. Eigenlayer repurposes staked ETH to support external systems (e.g., rollups, oracles) with an economic security layer, which increases yield for ETH stakers in the process.
Founded by mike and Rock, in 2021, Ether.Fi SEZC is a research and development company that serves as one of the contributors to Ether.Fi.
The mission of Ether.Fi is to provide liquid, decentralized access to the restaking ecosystem while enabling others to develop infrastructure on top of delegated staking. The protocol is controlled by ETHFI, the governance token of Ether.Fi.
How does it work
When a user deposits ETH into the protocol they receive eETH in exchange on a 1:1 basis. This enables the depositor to maintain control of their collateral for use across defi while it earns stake + re-staking yield.
ETHFI governance token holders can participate in protocol curation, including protocol and fee upgrades as well as treasury deployment.
ETHFI price and tokenomics
The maximum supply of ETHFI is 1 Billion and was minted at genesis. The other key details of ETHFI are:
- DAO treasury: 23.3% of token supply is allocated to the DAO and governed directly by ETHFI voting.
- Ecosystem Rewards: 16% of token supply is allocated to ecosystem development and rewards.
- Airdrop: 8% of the token supply is allocated to a multi-season airdrop campaign to encourage TVL growth.
ETHFI highlights
Since launching in March 2022, Ether.Fi has seen rapid growth in TVL and eETH adoption across the Defi ecosystem. With over 2.3B staked, it is the largest liquid restaking protocol, with over 73,000 depositors.
ETHF1 FAQs
What is ETHFI?
ETHFI is the native governance token for the Ether.Fi protocol. ETHFI holders manage key aspects of the protocol including major protocol upgrades, fee structures and re-staking activities.
What is eETH?
eETH is Ether.Fi's liquid restaking token. It represents the collateral deposited by ETH holders on a 1:1 basis and accrues protocol yield from native staking and re-staking, while enabling the other to freely use their deposit collateral across defi.
