ETHFIether.fi (ETHFI) Price

1.Project introduction

ether.fi is a decentralized, non-custodial delegated staking protocol designed to empower users to stake ETH while maintaining control of their private keys. The platform issues liquid staking tokens like eETH, which can be used throughout DeFi to maximize rewards and liquidity. Unique features include enabling stakers to control their keys and supporting a node services marketplace for infrastructure provision. ether.fi emphasizes security, decentralization, composability, and integration with a wide range of DeFi protocols, aiming to democratize staking and encourage broad participation in the Ethereum ecosystem.

2.Team introduction

Mike Silagadze - Co-Founder & CEO

Co-founder & CEO of ether.fi, founder of Top Hat and TopHatMonocle, angel investor in 5 startups.

https://tracxn.com/d/people/mike-silagadze/__g_3XbF-UJnoqAA40YzDGLOeLF4COqMABd6gCXZCGHko

Rok Kopp - Co-Founder

Co-founder of ether.fi, angel investor.

https://tracxn.com/d/people/rok-kopp/__hgOViCKQ8_a5w4xMLrcLnyuVfr7qUxVTUNcbH5wMROA

3.Investment institution

CoinFund, Bullish, Arrington Capital, Amber Group, OKX Ventures, Bankless Ventures, Foresight Ventures, Draper Dragon, North Island Ventures, Chapter One

4.Token application and distribution

Token application

ETHFI is ether.fi's native utility and governance token. It empowers the community to govern protocol decisions, including treasury management, protocol upgrades, fee distribution, and incentive allocation. Additionally, ETHFI can serve as collateral for node operators to mitigate slashing risks. The token may also be used within the ether.fi ecosystem for securing the protocol, accessing governance rights, and potentially gaining rewards through community initiatives and airdrops.

Token distribution

Core Contributors: 23.26%

DAO Treasury: 23.34%

User Airdrops: 15.3%

Protocol Guild: 1%

Investors and Advisors: 32.5%

Binance Launchpool: 2%