ETHFI Token Issuance Overview
ETHFI is the native governance token of Ether.Fi, a decentralized liquid staking protocol built on the Ethereum. The token officially launched and began trading on March 18, 2024, marking the first time a project in the restaking space has landed on the Binance Launchpad, which has attracted widespread market attention.
Issuance Price and Initial Market Performance
On March 18, 2024, the day of its launch, the ETHFI token saw active market performance. According to public data, its price reached a high of $5.32. On major trading platforms such as Binance, ETHFI traded as high as $3.48, with a trading volume exceeding $115.2 million.Following its launch, the price of ETHFI experienced a moderate pullback.
Token Economics and Distribution Mechanism
- Maximum Supply: 1 billion ETHFI.
- Initial Circulating Supply: 115.2 million ETHFI, representing 11.52% of the maximum supply.
- Binance Launchpad Allocation: 20 million ETHFI, representing 2% of the total supply.
- Airdrop Allocation: The first-quarter airdrop accounts for 6% of the total supply, and users can claim their tokens within 90 days. Additionally, a total of 110 million ETHFI (representing 11% of the total supply) has been allocated for user airdrops, and these tokens are 100% unlocked.
- Investors and Core Contributors: Token allocations for investors will be gradually released over two years, accounting for 32.5% of the total supply; token allocations for core contributors will be gradually released over three years, accounting for 23.26% of the total supply.
Ether.Fi Project Background and Re-staking Mechanism
Ether.Fi is an innovative decentralized liquid staking protocol whose core feature is allowing users to retain full control of their private keys while staking Ethereum (ETH).Through integration with EigenLayer, the protocol introduces a re-staking mechanism that enables stakers to participate in security validation for other protocols—in addition to earning staking rewards from Ethereum—thereby generating additional returns. This mechanism is designed to enhance capital efficiency and stakers’ potential returns.
Funding Status
As of this writing, the Ether.Fi project has completed four funding rounds, raising a total of $32.3 million to support the development of its protocol and the expansion of its ecosystem.
Trading Channels for the ETHFI Token
The ETHFI token can be traded on multiple centralized exchanges (CEXs) that support it, including Binance, MEXC, OKX, Gate, Bybit, BitMart, WhiteBIT, LBank, Phemex, Deepcoin, OrangeX, BTCC, and WEEX.Additionally, as the token of the Ethereum ecosystem, ETHFI can also be traded on decentralized exchanges (DEXs) that support the Ethereum network.
