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March 12th, according to the official announcement, Binance Launchpool launched ether.fi (ETHFI), allowing users to mine ETHFI tokens using BNB and FDUSD. Mining started on March 14th, 2024, at 00:00 (UTC). Binance will list ETHFI on March 18th, 2024, at 12:00 (UTC), and open trading pairs such as ETHFI/BTC, ETHFI/USDT, ETHFI/BNB, ETHFI/FDUSD, and ETHFI/TRY. According to the announcement, the total supply of ether.fi (ETHFI) tokens is 1 billion, with an initial circulating supply of 11.52%. This Launchpool accounts for 2% of the total supply.
Recently, LST and LRT narratives have been popular in Ethereum. William M. Peaster, a senior writer at Bankless and creator of Metaversal, elaborated on the reasons why re-staking has become a mainstream trend in the cryptocurrency field. Through case analysis, he delved into the opportunities and challenges. Peaster mainly mentioned a new re-staking project, ether.fi, and detailed ether.fi's double-point strategy, which allows points to be exchanged for airdrop eligibility. The original text from BlockBeats is translated as follows:
Recently, liquidity staking tokens (LST) have been all the rage around Ethereum.
You've heard of big companies here, such as Lido (stETH), Rocket Pool (rETH), and Coinbase (cbETH) - these LSTs allow users to maintain liquidity and earn ETH staking rewards without running their own validator setups.
The general promise? Deposit ETH to get LSTs representing your deposit, then hold or use LSTs as you wish, while it accumulates ETH's equity over time.
Many platforms have risen by following this pattern, but currently in the LST field, re-staking is causing great excitement, which is widely promoted by EigenLayer. Re-staking uses LST deposits to provide validator services for projects that want external security infrastructure, which is an extension of Ethereum's decentralization and security without having to establish their own trust network.
Where's the problem? At this early stage, EigenLayer set a limit on LST deposits, and so far, the limit has been quickly reached every time it's raised. This is not surprising, as there is currently great anticipation for future airdrops from EigenLayer."
The good news? There's a solution. EigenLayer also offers local re-staking, which allows for the deployment of actual validators through EigenLayer, and interestingly, there's no deposit limit here.
Even better news? Some projects are making it easier, effectively turning the local re-staking process into a single deposit process. One project to note in this regard is ether.fi.
Launched in 2023, ether.fi created eETH, which is an LST that stakes underlying ETH deposits through EigenLayer locally. In addition to equity rewards and the possibility of using eETH in DeFi, this circular flow also allows depositors to simultaneously earn loyalty points from ether.fi and re-staking points from EigenLayer, both of which may involve eligibility for airdrops.
So, note that taking advantage of this opportunity is very simple. You just need to deposit ETH (minimum = 0.001 ETH) to mint eETH at a 1:1 ratio, and your eETH balance will start accumulating points. The process is as follows:
- Go to app.ether.fi
- Connect your wallet:
- Enter the amount you want to deposit in the UI
- Click "Stake"
- Sign the equity transaction with your wallet
There you have it, that's all it takes to use ether.fi's double-point strategy. Remember, you can unstake and withdraw your ETH through the same interface, just click the arrow button in the center of the interface to enter "withdraw" mode.
As for your points, you can track your ether.fi and EigenLayer scores at any time on the app.ether.fi/portfolio page. The calculation formula for ether.fi points is ETH staked amount x 1,000 x staking days. For example, staking 1 ETH for a week will earn you 7,000 points.
Whatever happens next in the cryptocurrency field, re-staking will continue, so don't get caught up in "double-strike" re-staking projects like ether.fi, where you can maximize your returns with a single deposit. |
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Post time 19-3-2024 21:12:12
