ether.fi
Crypto Overview
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.
Crypto Impact
To assign a comfort level investing in ether.fi from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to ether.fi.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.