Get Your Share of the 20M ETHERFI
BNB is up to almost $600 (12%+) today which I think goes to show that people are keen on taking advantage of the earning opportunities on Binance. If you didn't already know, ether.fi is launching on the Binance Launchpool and farming will start in less than 12 hours. As usual, any eligible (verified) users can stake on two different pools and earn the token in the next 4 days.
Launchpool
Both the BNB pool as well and the FDUSD pool are now open so anyone can stake early, even before the farming begins.
Here's a quick info on the farming details:
- Farming Period: 14th March at 00:00 UTC to 18th March at 23:59 UTC.
- Total Allocated Rewards: 20 million ETHFI (80% of which is for the BNB pool and 20% for the FDUSD pool), 5 million daily.
- KYC required
- Minimum hourly hard cap per user is 16.66k and 4.16k ETHFI for BNB and FDUSD pool respectively.
- Rewards are claimable every hour or anytime. Unclaimed rewards will be credited to the user's spot wallet when the farming ends.
Staking
To stake on the FDUSD pool, go to this link and make sure your funds (FDUSD) are in your spot wallet. Click on "Stake" and a pop-up will open where you input how much you are going to stake. Confirm and that's it. You can just wait for the farming to start and then claim your rewards whenever you want.
It's the same process when staking BNB. Just go to the BNB pool and stake the amount you wish. No need to do it if your BNB is in the BNB Vault or on any of the locked products. They will automatically be eligible (except those BNB that are collateralizing against Binance Loans). Rewards will be credited to your spot wallet.
Token Listing
ETHFI will be listed on Binance spot exchange under the Seed Tag (extremely volatile asset) on the 18th of March 2024, 12:00 UTC.
For more information regarding the mechanics, terms, and conditions, check the announcement post.
Introduction to Ether.Fi
Ether.Fi is a decentralized, non-custodial liquid restaking protocol for Ethereum. According to the introduction video (below), it is the only protocol that allows users to maintain control of their validator keys, hence they control their funds on delegated staking. That explains their tagline: "ether.fi: Truly decentralized staking. Keep your keys. Build the network."
The protocol offers eETH as a liquid staking token that allows users to stake ETH and receive reward dividends. For further information, here's the intro video obtained from their Whitepaper.
One of the distinguishing characteristics of ether.fi is that stakers control their keys while staking. The ether.fi mechanism also allows for the creation of a node services marketplace where stakers and node operators can enroll nodes to provide infrastructure services.¹
To stake your ETH on Ether.Fi, just go to the platform, connect your wallet (make sure it's on the Ethereum Mainnet network and click on Stake to mint eETH.
They are currently running a promotion with additional rewards for every 50k eETH staked and the countdown is on.
Ether.Fi Token
ETHFI is the native utility and governance token for the protocol.
- Ticker: ETHFI
- Token Type: ERC-20
- Total Maximum Supply: 1 billion ETHFI
- Initial Circulating Supply: 115.2 million ETHFI (11.52% of total supply). This will be upon listing on Binance.
The token is used for the governance of the Ether.Fi treasury, key protocol upgrades, and protocol fees and distributions.
Token Allocation
- Binance Launchpool: 20 million (2% of total token supply)
- Airdrop: 110 million (11% of the TTS)
- Investors & Advisors: 325 million (32.5% of the TTS)
- Team: 232.6 million (23.26% of the TTS)
- Protocol Guild: 1 million (1% of the TTS)
- DAO Treasury: 272.4 million (27.24% of the TTS)
- Liquidity: 3 million (3% of the TTS)
Token vesting is until January 2028.
Summing Up
Ether.Fi is a protocol that allows non-custodial staking. Users can stake their ETH by delegating it to the Ether.Fi platform and retain control of their validator keys.
The project's utility token, ETHERFI is being launched on the Binance Launchpool and users can farm it for 4 days by staking BNB and FDUSD.
For further info, consult the official project links (Website / Project Roadmap / Whitepaper / X / Medium / Discord)
For infotainment only. None of these are investment or financial advice. DYOR.
[Sources: Ether.Fi / Binance / Whitepaper / Research / Ether.Fi App]
Lead image created on Canva (photo from Ether.Fi). Screenshots are linked to their sources. No copyright infringement intended. 13032024/21:25ph
Posted Using InLeo Alpha
I read about how BnB might be the next big thing for the bull run and its gradually coming to reality.
Yes. I think it's going to surpass the ATH of 2021. It might go beyond $700.
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tokens.@ifarmgirl, you successfully shared 0.1000 LOH with @amiegeoffrey and you earned 0.1000 LOH as tips. (3/23 calls)
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I will give a look for sure, not an expert on crypto stuff so can't give any advice or opinion there
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@ifarmgirl, I sent you an $LOLZ on behalf of wolfplayzor
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Well, you can still give your opinion, expert or not :)
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Wala na ko bnb 🥺 d nkabuyback. Ang taas na price
Oo nga, parang kelan lang yung $200+
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tokens.@ifarmgirl, you successfully shared 0.1000 LOH with @jane1289 and you earned 0.1000 LOH as tips. (4/23 calls)
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To support your work, I also upvoted your post!
Thank you for informing us about this
You're welcome. Pleasure to share. !LADY
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tokens.@ifarmgirl, you successfully shared 0.1000 LOH with @christybliss and you earned 0.1000 LOH as tips. (5/23 calls)
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im new here, what is staking?
Hello and welcome to Hive. Staking is the process of holding or depositing a token in a pool or wallet. You can read more about it in LeoGlossary.
Hmm
BNB is getting bigger just as I have predicted. Unfortunately, I don’t have enough money to get it but I can always do that some other time
Yeah, even with the legal issues being faced by Binance, the token is still doing great. Good luck to you :)
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tokens.@ifarmgirl, you successfully shared 0.1000 LOH with @rafzat and you earned 0.1000 LOH as tips. (6/23 calls)
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I just checked this project today and i am going to stake some bnb and fdusd to get some reward.
That's awesome! Good luck to you.
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I will really love to have my own share 🥺
You sure can, as long as you have funds to stake.
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tokens.@ifarmgirl, you successfully shared 0.1000 LOH with @precab and you earned 0.1000 LOH as tips. (7/23 calls)
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Oh alright then
Is it? I wasn't aware about it. Thank you again for let me know. Hehe. Last time I also acknowledged about last farming. 😅.
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Aha! Lucky you 😅 I'm sure you will learn about it one way or another.
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This is a very vital information you have given out here, thank you for sharing 😊
You're welcome. Always glad to share. Good luck :)
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is the participation open for anyone?
I'll definitely take a look, but I'm not well-versed in crypto so you know
We're seeing a steady increase in its value and that's because there are so many new coins out there now and so many people trusting the project.
https://twitter.com/lee19389/status/1768739143020912706
#hive #posh
Thank you so much for this information