Ether Fi Raised Money and Confirmed Token

March 7th, 2023

@ether_fi is a Decentralized and non-custodial Ethereum staking protocol. They recently raised +5M, Let's see what they do and what you can!

WE (AlphaInsiders) ARE NOT FINANCIAL ADVISORS.

THIS IS NOT FINANCIAL ADVICE.

Everything in this thread is intended as educational material, not financial advice for any individual. ALWAYS DYOR.

⭕️ Whats Ether Fi?

ether.fi is a decentralized, non-custodial delegated staking protocol with a Liquid Staking Derivative token. One of the distinguishing characteristics of ether.fi is that stalkers control their keys.

⭕️There are several users and stakeholders on ether.fi

🔸Stakers who are also bond-holders

🔸Stakers who only hold eETH, the ether.fi LSD (Liquid Staking Derivative)

🔸Node operators

🔸Node services users

⭕️ FundRaising

@ether_fi raised $5.3M in a seed funding round led by @NorthIslandVC, @chapterone and @Node_Cap, with participation from Version One, @arringtonXRPcap, Purpose Unlimited and @CryptoHayes.

⭕️ Token

tho, the projects is still in early days but according to their roadmap and the path they are taking, we will be seeing a DAO and a $ETHFI Token.

Yet too soon for that but early birds might get something

They also just hit $4M in TVL in under a week!

⭕️ What to do?

🔸Early Adopter Program

Deposit ETH, wstETH, rETH, sfrxETH, cbETH to earn bonus points
Points earned = boost x seconds x sqrt (deposit)
Boost scales from 1.0 to 2.0 over 30 days
You can withdraw at any time with no penalty (but you lose your bonus points)