What is Etherfi? Etherfi is a Defi protocol that stakes user assets to provide liquidity, where asset stakers themselves retain control of their security keys.
To understand more details about Etherfi, people can read some of the articles below:
- What Are Liquid Staking Derivatives (LSD)? Top 5 LSD Projects with Great Growth Potential
- DeFi Panorama 101 | Episode 6: What is Liquid Staking? Develop Forever With L1 Wars
- What is Lido Finance (LDO)? Overview of Electronic Conveniences Lido Finance
What is Etherfi?
Overview of Etherfi
Etherfi is a Defi protocol founded by Mike Silagadze and launched in 2023 that allows users to stake assets to provide liquidity built on Ethereum and other blockchains. Where users staking assets themselves retain control of their private keys within the protocol.
In addition, Etherfi also provides services allows users to create a Node service marketplace where stakers and register Nodes run infrastructure to receive block rewards.
Etherfi’s mechanism of action
Ether’s operating mechanism includes the following products:
- Delegated staking: Allows users to deposit a specific amount of ETH into the Etherfi protocol, once deposited will create a safe withdrawal safe and two NFTs (T-NFT, B-NFT) giving ownership of the withdrawal safe. T-NFT represents a specific and transferable amount of ETH. B-NFT is used to provide a deductible for abatement insurance and offers a higher yield than T-NFT due to the additional risk involved in the insurance deductible process.
- Liquidity Pool and eETH: Users who stake an amount of ETH less than a predetermined protocol specific amount, or stakers who do not want to be responsible for monitoring validator nodes, can participate in Ether.fi staking by minting eETH in the NFT liquidity pool.
- Node Services: Users can register to run nodes on the protocol along with productsis done through a centralized service run by Ether.fi
The Etherfi Difference
The difference of Etherfi includes the following factors:
- Etherfi is a decentralized staking protocol with no custody of user assets, while other related protocol service parties are allowed to retain complete control of user assets.
- Etherfi’s protocol provides secure and seamless delegated staking while delivering higher returns and less costs through innovative revenue streams and friendlier active optimization with users.
Etherfi development roadmap
Phase 1: Delegated staking
- Released ether.fi Desktop application
- Staking authorization through an auction mechanism
- Withdraw staking rewards and unstaking ETH
- Ether.fi transferable NFT ( T-NFT ) and bond NFTs ( B-NFT )
- ether.fi protocol treasury contract
Phase 2: Liquidity Pool and eETH
- Oracle integration for authentication node information
- Ether.fi Liquidity Staking Derivative Token (LSD), eETH
- ether.fi liquidity pool to enable trading of {ETH, eETH, T-NFT}
- ether.fi protocol fund management contract
Phase 3: Node Services
- Released ether.fi node client
- Integrates Distributed Validator technology
- ether.fi infrastructure service
- ether.fi infrastructure service payment contract
Investors
Core Team
- Mike Silagadze: Founder and CEO
- Rok Kopp: Chief Customer Officer
- Chuck Morris: Vice President, Engineering
- Seongyun Ko: Senior software developer
Tokenomics
Update….
Exchanges
Update…
Project Information Channel
- Twitter: https://twitter.com/ether_fi
- Telegram: https://t.me/etherfifam
- Discord: https://discord.gg/YBrXEsKu
- Medium: https://medium.com/etherfi
Summary
Etherfi is a Defi protocol that allows users to stake assets to provide liquidity built on Ethereum and other blockchains. Where users staking assets themselves retain control of their private keys within the protocol securely and without interference from centralized services. At Etherfi, the community can also register for node running services to increase maximum productivity for users
Through this article, you probably have some basic information about the Etherfi project to make your own investment decisions. Please leave comments and suggestions for me in the next articles. !
