ether.fi

Purpose and Utility

ether.fi is a liquid staking protocol built on Ethereum that allows users to stake ETH while maintaining liquidity through a derivative token. The platform aims to provide decentralized staking services with key features including: permissionless node operation, liquid staking derivatives, and transparent MEV sharing.

Business Model

The protocol generates revenue through staking rewards and MEV (Maximal Extractable Value) which is shared between stakers, node operators and the protocol treasury. ETHFI token serves as the protocol's governance token and provides holders with voting rights on protocol decisions and parameters.

Real-World Adoption

Launched in late 2023, ether.fi has already secured over $50 million in Total Value Locked (TVL) across its staking pools. The platform has implemented multiple node operators and maintains active development.

Development Activity

The project maintains regular development activity on GitHub, with frequent updates to the protocol's smart contracts and infrastructure. The team consists of experienced blockchain developers and has partnerships with established node operators.

Token Distribution

The ETHFI token has a transparent distribution model with vesting periods for team and investors. A significant portion is allocated to community incentives and protocol growth.