About ether.fi (ETHFI)

What is ether.fi (ETHFI) in simple terms?

ether.fi is a liquid restaking protocol that lets you stake ETH, restake it through EigenLayer, and still keep full control of your keys. Deposits mint eETH or weETH, letting you earn staking yield while using these tokens across DeFi. It’s a crypto-native way to turn staked ETH into productive collateral rather than idle locked capital.

How do eETH and weETH actually work for stakers?

eETH rebases, weETH doesn’t, but both track your underlying staked and restaked ETH 1:1. You can lend them, LP them, or deploy them in yield vaults while your validator continues earning in the background. It’s a clean model: stake once, then carry the token anywhere that supports ETH-style collateral.

What role does the ETHFI token play inside the ecosystem?

ETHFI is the governance token of ether.fi. Holders vote on proposals, direct DAO treasury spending, and can join The Club—an incentive program with tiered membership perks. By staking ETHFI, users help guide revenue distribution and long-term protocol decisions. In practice, the ETHFI coin serves as the coordination layer for the restaking ecosystem.

How is the ETHFI token allocated and who gets what?

The confirmed allocation is: 32.50% to Investors & Advisors, 27.24% to the DAO Treasury, 23.26% to the Team, 11% to Airdrops, 3% to Liquidity, 2% to the Binance Launchpool, and 1% to the Protocol Guild. The design leans toward long-term contributors while preserving meaningful governance power for the community.

How do ETHFI vesting and unlocks work over time?

The vesting cadence is intentionally gradual. From the 232.6M team allocation, 77.96M is unlocked (33.52%). Investors & Advisors have released 217.55M of their 325M allocation (66.94%). Daily unlocks from both groups continue at a steady pace, adding a bit over 1.2M ETHFI per day. Airdrop (110M), Liquidity (30M), and Launchpool (20M) allocations are fully unlocked. The schedule spreads issuance across years to avoid supply shocks.

Who backed ether.fi and why does that matter?

ether.fi raised $5.30M in early 2023 and $27M in February 2024. Investors include Arrington Capital, Node Capital, Bankless, Selini Capital, Amber Group, CoinFund (lead), OKX Ventures, ConsenSys, and Chapter One Ventures. Stani Kulechov also participated as an angel. This mix highlights strong backing from Ethereum-aligned builders rather than short-term speculators.

What airdrops or campaigns has ether.fi run so far?

Airdrops account for 11% of the supply and are fully unlocked. Rewards have gone to early stakers, eETH/weETH users, NFT holders, and participants across multiple seasonal campaigns. These seasons used points, loyalty tiers, and cumulative activity instead of one-off drops. The idea is to retain long-term users rather than attract quick farming in usd or usdt.

Where is ETHFI traded and what pairs matter most?

ETHFI trades on Binance, OKX, Coinbase, KuCoin, Gate.io, Bybit, and across DEXs like Uniswap and Curve. Key trading pairs typically involve ETHFI versus ETH, USDT, or other usd-pegged assets. For most users, deep CEX liquidity—spot and perpetuals—is the most accessible way to trade the token.

How is ether.fi trying to expand beyond restaking?

The roadmap pushes ether.fi toward a broader DeFi financial layer. Yield vaults, The Club membership system, and the ether.fi Cash card—which lets users borrow stablecoins against eETH/weETH—tie staking, credit, and spending together. It’s a step toward a crypto-native neobank powered by onchain collateral.

What are the main risks of using ether.fi and ETHFI?

Key risks include layered EigenLayer slashing, smart-contract exposure, and potential eETH/weETH depegs during market stress. Ongoing unlocks from team and investor allocations shape token dynamics, and governance power remains concentrated among large holders. It’s a powerful system, but—as with most crypto—users benefit from understanding the technical and market risks.